Replies to post #36931 on Seafarer Exploration Corp (SFRX)

[Paul Wall]

I bet we will deff see news tues or weds next week. From here we go higher no matter what.

[trueblue]

16 bodies! It means that everyone should have two hands and two eyes=32. LOLOLOLO You guys are killing me!! LOLOLOL I really have no idea on how many of those folks are doing the diving? But we sure haven't heard from bisner for some time? Could be he's busy as heck documenting and recovering items? Just my opinion

[buccaneer1961]

Salvage permit coming shortly

If they don't have the 3rd piece by now, they will imminently

I always hoped the best here but its interesting how the goal posts keep moving...the salvage permit is nigh it was said last year...
now it was in feb,march,april,may,june...last month especially...but then the rupture came and it was just a look permit...now here we are again a salvage permit is nigh...everybody talks to the ceo suposivly,i don't think he would share inside info,its best to look at filings and nothing else but look at one sided ones,example,not ones with double meanings as they are often misleading and have done so in the past so far what have they found worthy of a salvage permit?

[hedge_fun]

And speaking of treasure, from Roger Smith......

Notice what is in red below matches exactly what they filed with the SEC.

From Mr. Smith......

Attached is a copy of Rule 1A-31 Florida Statutes, and a copy of Guidelines for completing a 1A-31 permit.

Please keep in mind these permits are not a lease of state lands, only permission to explore state lands for the purpose of locating submerged cultural resources. Issuance of an Exploration Permit does not imply or guarantee any future issuance of a Recovery Permit.

We follow the procedures set forth in Chapter 1A-31, F.A.C., which are the rules for conducting exploration and recovery of historic shipwreck sites. I have attached a copy of Chapter 1A-31 for your reference.

Exploration Permit:
Under the supervision of your project archaeologist:
1. Conduct a magnetometer and side-scan sonar remote sensing survey of the permit area;

2. Conduct preliminary visual inspection of acquired targets that are not buried, and record them for interpretation;

3. Prepare a report (guidelines attached to permit, i.e., Chapter 1A-46, F.A.C., Archaeological and Historical Report Standards and Guidelines) of the findings of the survey, with areas of potential interest interpreted by archaeologist;

4. Archaeologist to prepare a research design for testing and identification of target areas.


Amendment to Exploration Permit (disturbance of the seabed will require additional permits from the Department of Environmental Protection and the U.S. Army Corps of Engineers):
1. DHR review of report and research design;

2. If above is satisfactory, permit may be amended to allow for testing and identification of target areas;

3. Archaeologist conducts inspection of targets, records test excavations, makes preliminary site plans, selects small diagnostic artifacts for recovery;

4. Analysis, cleaning and conservation of recovered diagnostic artifacts;

5. Archaeologist interprets site and contents for final permit report.


The objective of the amended exploration permit is to determine the nature of the shipwreck- its nationality, age, and name. Pursuant to 1A-31.0062(1) (b), “a recovery permit may be issued only after the existence and nature of an historic shipwreck site has been documented by exploration permit activities and mutually agreed upon by the division and the permittee.” It should be noted that if exploration permit activities reveal an historic shipwreck site or vessel that is non-permittable as defined in 1A-31.0045, or that is a unique and significant cultural resource as determined by the division, no permit may be issued by the division for further work on that site or vessel.

Recovery Permit:
1. New application submitted with research design, justification for recovery, details of personnel, methodology, budget, conservation facilities, financial ability, and schedule of work.

2. DHR review of application, consultation with applicant, and other permitting agencies (DEP, USACE).


I hope this helps to answer your questions.


Roger C. Smith, Ph.D.
State Underwater Archaeologist | Bureau of Archaeological Research | Division of Historical Resources | Florida Department of State | 1001 DeSoto Park Drive | Tallahassee, Florida 32301 | 850.245.6444 | Fax: [phone] | dos.myflorida.com/historical


From the 10K on page 9 and filed on March 31, 2015. It is consistent with the Florida law quoted above by mr. Smith.

North Florida Shipwreck Site

There is a purported historic shipwreck site in the waters off of Brevard County Florida that the Company desires to explore. In February 2013, the Company signed an agreement with a third party who has previously explored this site for the right to explore the site. It is the Company's plan to request a salvage permit from the State of Florida for the site as soon as the research design report is completed. If a salvage permit is granted and the requisite environmental permits are obtained, then the Company plans to salvage the site in an archeologically sensitive manner.

http://www.sec.gov/Archives/edgar/data/1106213/000119983515000091/seafarer_10k-06335.htm