They are both a reflection of SFRX’s credibility……..or
lack thereof.
One was full of it regarding a patented technology, and the other has been told by the Bureau on multiple occasions what they were/are (ahem) attempting to do (salvage the Concepcion) was illegal without Spain’s permission.
Reynolds is not that stupid, is he? Isn’t his daughter the Compliance Officer and didn’t they tell the state she was coming on board after Tim got them shut down at the ring area?
How does a company not comprehend why they were shut down? It wasn’t just because they brought up about a dozen artifacts without permission. The reason they have to have permission is because of either the SMCA and ASA.
There may be an agenda at the state, but that agenda formed the statutes. Folks at the FBAR helped craft the legislation.
Unless grandfathered, all wrecks in state waters belong to the state unless they are protected by Sovereign Immunity. A wreck from the 1715 fleet that hasn’t been discovered yet would be protected under the SMCA. That is not very hard to understand, yet Tim is out there telling folks those are the very wrecks they are going after. You have people here that believe this crap, or at least say they do.
The state can’t allow someone to violate the SMCA or they can be held liable. Those wrecks do not belong to the state, but the state is charged with protecting them.
Regarding Torres, all SFRX had to do was their due diligence. It seems a bit too convenient that they didn’t. Logic says the patent documents would have been attached to the agreement with Torres. The assignment of rights shouldn’t have taken more than a week or two through the USPTO, but about 9 months after the agreement was entered into SFRX is touting the death mask at the Henegar Gala.
In July of 2018, the Company entered into an assignment of rights agreement under which an individual agreed to assign all of the patent rights, including right, title and interest to an original inventive concept for a system for detecting precious metals buried beneath the ocean floor to the Company.
I agree that pretending to be a war hero is about a low as one can go, but when SFRX “figured out” Torres schemes they kept it to themselves and a select few. Weeks later Reynolds is on board to build the same type device they claimed Torres was building with no mention of what Torres had done.
But hey, it’s time for the critics to eat crow cuz they’re gonna bring up the bling at Juno, which is grandfathered.
At least you’re skeptical.
BTW, it looks like Max has sold over 70MM shares.
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