I don't think this is a scam operation. If it is,
Post# of 17862
I don't worry if the business is for real, I believe it is, but I think these guys are in over their heads and do not appear to be capable of running a business. To me their action and inaction demonstrates a lack of maturity.
Why not sell? I've read about underwater logging years ago and to me it's a great opportunity for business and environment. The concept is a great one and it can be a viable and prosperous investment. I watch the horizon for new competitors that may have investment opportunity, but in the "interim" I stay here as it will either take off on its own or someone will take over that can finish the job and run it right.