Could EXPL have sought some sort of an advantage over their (ahem) competitors? They sure have much more success than SFRX, who is apparently struggling in their relationship with the FBAR.

The additional delays to the Company’s operational goals and objectives as a result of FBAR prohibiting ground disturbing work for periods of time have been harmful as the Company must still cover overhead and fixed expenses while some activities are temporary on hiatus. These combined expenses are particularly burdensome for a smaller public company. The recurring expenses associated with being a publicly traded company focused on the exploration and recovery of historic shipwrecks may cause the Company to be at a significant competitive disadvantage when compared to some of its competitors who are private companies or public companies who are not fully reporting.

Significant competitive disadvantage?