Quote: Can you imagine what the pps would/could do if they had salvage rights and an agreement with Spain in place. An agreement with Spain is likely an impossibility because of the treaties they've signed. Plus they have claimed rights to their galleons after the 2001 Supreme Court ruling that said the Concepcion was Spain's property.
But that's what a real salvage company would do before spending the million$ they have with nothing to show for it.
At this point any treasure or artifacts found remains where it's found, in-situ.
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Its hard to believe that investors could be so naive as to believe there's any future in treasure hunting for Spanish galleons. There are no deals with Spain for any private sector entity. Spain was one of the frontrunners and first signatures to the UNESCO Underwater Cultural Heritage Treaty which prohibits any kind of commercial salvage for profit motive. They do not do business with treasure hunting entities. True, the U.S. has not signed the treaty but nevertheless adhere's to the concepts in most instances. As for Florida, they have historically proven themselves as a very unreliable partner. They stabbed Global Marine in the back when they discovered the 16th Century French wreck off of Canaveral and they don't issue salvage contracts. The only active salvage contracts are those that were grandfathered in to Mel Fisher's Treasure Salvors, Inc. and all those same rights are now carried by the Queens Jewel's, Inc.
But as the song or saying goes, 'Fools rush in where angel's fear to tread'.
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