You do understand Florida statutes, don't you? I was speaking of the current site, and for some reason you wish to use the term ancient news repeatedly. The current permit was issued in July 2014. I realize that seems long ago, but it looks like little has been accomplished, though much has been touted.
The 10K appears to be an attempt by Kyle to cover his tracks before the depositions next month. In the Aug 2014 Q and for the next 3 filings SFRX said it was a recovery permit. (That would be phase 3....btw).
Then they called it a dig and identify permit. (That would be phase 2).
Now they are saying it's an exploration permit (phase 1) that has been modified. In order to move to phase 2 they need environmental permits. Again, the permit was issued in July 2014.
If it was issued as modified, then why in the world have they not obtained the needed additional permits? Again, you understand the statues, don't you?
Further, why do they say this on page 10?
On March 1, 2014, Seafarer entered into a partnership and ownership with Marine Archaeology Partners, LLC, with the formation of Seafarer’s Quest, LLC. Such LLC was formed in the State of Florida for the purpose of permitting, exploration and recovery of artifacts from a designated area on the east coast of Florida. Such site area is from a defined, contracted area by a separate entity, which a portion of such site is designated from a previous contracted holding through the State of Florida. Under such agreement, Seafarer is responsible for costs of permitting, exploration and recovery, and is entitled to 60% of such artifact recovery. Seafarer has a 50% ownership, with designated management of the LLC coming from Seafarer. Further actions toward the permitting have been taken for such site and the Company and partnership are awaiting the review of such permit request by the State of Florida. As of December 31, 2015, the partnership has had no operations.
I thought I saw on Facebook they were positioning the PROHIBITED propwash deflectors.
I thought they were diving and removing overburden.
They show just over $1MM in operating expenses, and the had no operations? $200 a day in travel and entertainment and they had no operations a/o 12-31-15? I thought they found the kannon....again. Of course that's ancient news, right? (wink wink)
Since you seemed to have stepped up as the next SFRX guru, would you please explain that comment in the filing about no operations even though the issuance of the ever changing permit is ancient news according to you?
Is that all they try and do is get a permit and then pretend it's something it's not?
TIA
P.S. Who said anything about an email from Mary? But I'm sure Mary will be asked some very specific questions in just a few weeks when she's deposed about a certain admitted PIPE investor's comments. Kyle seems to be running from those comments.
It happens.
I see the float increased about another 20%. Not surprising.
The 10K appears to be an attempt by Kyle to cover his tracks before the depositions next month. In the Aug 2014 Q and for the next 3 filings SFRX said it was a recovery permit. (That would be phase 3....btw).
Then they called it a dig and identify permit. (That would be phase 2).
Now they are saying it's an exploration permit (phase 1) that has been modified. In order to move to phase 2 they need environmental permits. Again, the permit was issued in July 2014.
If it was issued as modified, then why in the world have they not obtained the needed additional permits? Again, you understand the statues, don't you?
Further, why do they say this on page 10?
On March 1, 2014, Seafarer entered into a partnership and ownership with Marine Archaeology Partners, LLC, with the formation of Seafarer’s Quest, LLC. Such LLC was formed in the State of Florida for the purpose of permitting, exploration and recovery of artifacts from a designated area on the east coast of Florida. Such site area is from a defined, contracted area by a separate entity, which a portion of such site is designated from a previous contracted holding through the State of Florida. Under such agreement, Seafarer is responsible for costs of permitting, exploration and recovery, and is entitled to 60% of such artifact recovery. Seafarer has a 50% ownership, with designated management of the LLC coming from Seafarer. Further actions toward the permitting have been taken for such site and the Company and partnership are awaiting the review of such permit request by the State of Florida. As of December 31, 2015, the partnership has had no operations.
I thought I saw on Facebook they were positioning the PROHIBITED propwash deflectors.
I thought they were diving and removing overburden.
They show just over $1MM in operating expenses, and the had no operations? $200 a day in travel and entertainment and they had no operations a/o 12-31-15? I thought they found the kannon....again. Of course that's ancient news, right? (wink wink)
Since you seemed to have stepped up as the next SFRX guru, would you please explain that comment in the filing about no operations even though the issuance of the ever changing permit is ancient news according to you?
Is that all they try and do is get a permit and then pretend it's something it's not?
TIA
P.S. Who said anything about an email from Mary? But I'm sure Mary will be asked some very specific questions in just a few weeks when she's deposed about a certain admitted PIPE investor's comments. Kyle seems to be running from those comments.
It happens.
I see the float increased about another 20%. Not surprising.
1
