Replies to post #34380 on Seafarer Exploration Corp (SFRX)

[Treasure_Watcher]

Re-read the firs paragraph, specifically this sentence. "The division may transfer archaeological materials to which it holds title to the permittee in consideration of recovery services provided to the state under the terms of a recovery permit.

They don't have a recovery permit, they have an exploration permit. IF they can prove a shipwreck site this diving season (90 days left) then they could do the recovery permit over the winter and be in full salvage next May if all goes well with the State. Still, they would have to wait until division in 2015 (usually September) to get the things recovered now, and September 2016 for the bulk recovered under the recovery agreement.

Don't get me wrong, great site, great job by all at SFRX. You couldn't buy my shares right now for a dollar a piece. I believe, I just know that the time frames given here can be misleading at times. Will we move on news of treasure, of course we will. Will it be tomorrow, maybe if the wreck is not buried under sand like most wrecks in the area. Time will tell, but for the bog boys to come play and really make a change in the PPS, we need the RECOVERY agreement in place and the treasure wreck verified. The verification may be very soon, the recovery permit not so much.

[GREGG THE GREEK]

AND this covers a lot of what i just posted which i received via my telephone conversation, except this is not in my layman's term

but basically the same thing i just posted in more detail

Thursday, July 31, 2014 3:26:14 PM
Re: surfsidedan post# 34373 Post # of 34386
According to that, we WILL get owenership WITH rights to 80% of what we bring up.

look, this is from the reg. On the 1A-31, not the 1A-32 permit.

<<
1A-31.090 Transfer of Archaeological Materials, Title to Archaeological Materials Conveyed.
The division may transfer archaeological materials to which it holds title to the permittee in consideration of recovery services provided to the state
under the terms of a recovery permit. Specific provisions for transfer of archaeological materials will be specified in each recovery permit.
(1) The division will ensure that materials are transferred so that the permittee receives approximately 80% of recovered archaeological
materials, with the division retaining approximately 20% of recovered archaeological materials;
(2) Distribution of the recovered archaeological materials will be negotiated by the division and the permittee based on the historical value of
recovered materials;
(3) Current holdings in the division collection shall be considered in the distribution of recovered archaeological materials;
(4) Artifacts recovered under an Exploration Permit for the same area or historic shipwreck site will be included in the pool of artifacts
considered for transfer to the permittee, per subsection 1A-31.065(1), F.A.C.; and
(5) Each transfer of archaeological materials will include a written statement from the division to the permittee conveying title to the
transferred materials.

SFRX