Why hasn't Fudd struck a deal with Spain?......and
do these potential legal claims deter the FBAR from issuing recovery permits? Just curious, because any significant find is likely to lead to a court battle, just as this one appears to. Isn't it prudent to head this off at the pass before spending years and years hoping to make such a find you may never get a dime from?
And what's stopping France from winning per the article? No one has a legal rights except Florida, right? On the other hand isn't it likely the FBAR would simply settle for 20% anyway, or even less?
France recovers the treasure, Florida gets a cut, and it's over, right?
Plus, I doubt a recovery permit would have legal standing with pending litigation, correct? A recovery permit is supposed to transfer title to the permit holder. But Florida wouldn't be the ultimate authority, would they?
So Spain sits back and watches and if the Mother Lode that's been hyped is found........BOOM, the bidness plan here implodes.
JMO of course. It's just seems......well, stupid. Another public company returned $17MM in gold to Spain, didn't they? Or was it more than that? And that was because they failed to get legal rights ahead of time. When they found it it was too late to obtain legal rights, correct?