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Seafarer Exploration SFRX
Posted On: 06/22/2016 5:55:54 AM
Post# of 7802
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Posted By: hedge_fun
JRF30 didn't do too well with the deposition. This is what he posted on Ihub last fall when he was claiming Seafarers was about to get another permit...ie it was basically ready to go. In reality Seafarers was basically ready to go on suspension......and did about 6 weeks later.

Quote:
It was confirmed that they CAN get this permit for section 1 and then then immediately, based on finding the items needed to prove a ship is probably there, apply for what we here have called a salvage permit. There is no requirement to identify the name of the ship before getting a salvage recovery permit. So I think we are moving forward.



BY MR. KIDD:
6 Q. No problem.
7 As part of a salvage or recovery permit
8 being granted, does a wreck have to be found? Or
9 treasure, artifacts, and valuables? Essentially,
10 where is the threshold?
11 A. Yes --
12 MR. HUFFMAN: Objection to form. It's
13 compound.
14 MR. FUGETT: Object to form, but go ahead.
15 THE WITNESS: Yes, a recovery permit is for
16 the recovery of the remains of a shipwreck; so a --
17 the remains of a shipwreck have to be identified in
18 order to receive a recovery permit

http://www.sidedraught.com/stocks/SFRX/Lawsui...0AJ-CT.pdf













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