dmlabuda,
Really appreciate and agree with your analysis. It is much more realistic and grounded. If this board had people with a knowledge base, working on facts and real assumptions, ORRV might actually make a run. It's too bad the company posting doesn't take the same approach. They are insulting all treasure hunters and especially the legacy of the great Mel Fisher. The guy spent 18 years of his life, lost a son , and fought to the US Supreme Court, to eventually claim $400M from the Atocha. To say in one press release, that you have found $2B in your portfolio of wrecks is absurd. It's like the scientist saying they have turned water to fuel for auto's or a vitamin will cure cancer.
A press release that claims "we have a good lead on some ships with potential high value based on historical research, and are attempting to raise capital. It's a big risk, but if it pans out reward could be high. We have no positive proof, but can be on the water in 6 months if you want to consider an investment. Better odds than a lottery ticket. We will have to split the find with a bunch of people, but it could be historic and your return could be significant."
H3, I am a former shareholder , on the sidelines ( and might come back in the future), and passionate about treasure hunting. Treasure hunters will continue to have bad names if they don't come clean and do things above board. So put away your pom poms, and learn about the actual business and it's history, then you might have something valuable to contribute.
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