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Posted On: 12/12/2020 11:11:45 AM
Post# of 7802
My comment on the process of how SFRX would come across treasure was before they invented the SeaSearcher.
That process will be different now.
Pre-SeaSearcher they would be hunting and pecking in the general area of the wreck, coming across varying amounts of treasure from day to day. So, yes, my comment was accurate. They could find 50 or 500 coins one day and 5,000 the next. My comment concerned the process of finding coins and how it MIGHT or COULD play out.
But the SeaSearcher has changed that process.
They will no longer hunt and peck for coins. the SeaSearcher scans a wreck area and the data it returns spells out for them what the area looks like under the sand and what the materials are made of.
Thus my comment recently that with the PR this week, I suspect they were on their way to deeper cargo items when they came across the wreck material and were required to report it to FBAR and the public.
We will see what happens next. I don't mind waiting to find out.
But then, I'm an actual shareholder.
That process will be different now.
Pre-SeaSearcher they would be hunting and pecking in the general area of the wreck, coming across varying amounts of treasure from day to day. So, yes, my comment was accurate. They could find 50 or 500 coins one day and 5,000 the next. My comment concerned the process of finding coins and how it MIGHT or COULD play out.
But the SeaSearcher has changed that process.
They will no longer hunt and peck for coins. the SeaSearcher scans a wreck area and the data it returns spells out for them what the area looks like under the sand and what the materials are made of.
Thus my comment recently that with the PR this week, I suspect they were on their way to deeper cargo items when they came across the wreck material and were required to report it to FBAR and the public.
We will see what happens next. I don't mind waiting to find out.
But then, I'm an actual shareholder.
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