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capted

02/29/08 12:13 PM

#15648 RE: JDAMAX #15644

MAXJDA,

The problem this company is having is creditability. In one PR they claim that their researcher has a manifest that says between $50,000,000 and $300,000,000 worth of treasure is on the wreck. In an interview later on, the CEO of the company states that the wreck is Historical in nature and "IF" there is any treasure on it, it would be a plus.

Excerpts of a manifest would not be out of question in this case.
You are right about one thing. Another treasure hunting company would never have left the site in the first place. If it was bringing up treasure and THEY KNEW that there was 10's if not 100's of millions of dollars worth of treasure on the wreck.

A clear example would be Odyessy Marine. They brought up the treasure. Never left the site and then made the announcement.
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Noellag

02/29/08 12:17 PM

#15649 RE: JDAMAX #15644

MAXJDA,

Why would giving investors information about a ships manifest be suicidal? If there is millions of dollars in gold, silver and precious stones listed on the origianl manifest if would give investors real info on their risk and what they might gain in investing in this company. Mel Fisher stated all along what was reported on the Atochia manifest to his investors. I have seen no manifest for the Scipion and only Wilf saying there are millions of dollars in gold and silver. Unless he can back up what he says why would anyone invest money into salvaging a 1700's war ship. Some cool artifacts but hardly engough to pay for one year of running a dive company.

The reason why I am so against the company selling its Kew West Site in because this is Galleon Alley and the most likely place to find treasre. We don't know who this new company is or what their experience is. For all we know it is another Wilf shell company or a couple of Yahoo friends he has.

We need full disclosure or this stock is going to hit rock bottom (.001 - .002) or out completely.