Replies to post #71665 on Seafarer Exploration Corp (SFRX)

[hedge_fun]

Bobby (GME) doesn't even get a salvage award........

This whole ordeal had to have cost him a fortune.

Not that I expect Kyle and the BOD to change SFRX's idiotic business model, but I wonder how the ruling will impact Bobby's dealings with Huffman (BLIS).

From the ruling.

GME contends that la Trinité was a cargo ship, not a military ship, and that Ribault’s mission to reinforce Fort Caroline was one of civilian resupply. It cites the verified statements of Dr. Robert Baer and Dr. Lubos Kordac, which say as much. Dr. Kordac writes, “[la Trinité] was not any military ship, [it] was a cargo ship, bringing supplies, civilians and money to the new French colony.” But for SMCA purposes, whether la Trinité was a cargo ship or a “military ship” is of no consequence. The Act covers “any sunken warship, naval, auxiliary, or other vessel that was owned or operated by a government on military noncommercial service when it sank.”

I wonder if Bobby had prevailed and Florida and France had to cough up a salvage award, if that would have put a stop to Florida issuing permits on any sites that could be subject to the Sunken Military Craft Act.