A permit application was DENIED, and SFRX sued.

A permit application was DENIED, and SFRX sued.

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If an application (permit) is granted then how could it be turned down? So your logic is illogical

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It wasn't granted, it was "settled" that a permit would be issued. The FBAR doesn't have a legal budget for lawsuits.

But what did Seafarer recover?

They say in their filings it was a bust, yet Kyle is applying again for a recovery permit. He learned he had to first seek an Admiralty claim.

Duh..........

This isn't a "mistake", it's utter STUPIDITY. Of course it's designed to trick the marks who know no better.

You saw this in the filings, didn't you? Do you know what's wrong with this per Florida statutes? And no, it isn't a trick question.

Moreover, the Company does not currently have sufficient data to positively identify the potential Juno Beach shipwreck, or its country of origin, and it is therefore not possible to determine whether or not the ship was originally carrying cargo of any significant value.

But they're seeking an Admiralty claim.

Please explain the logic. I would suggest you refer to Florida salvage law when/if you attempt to explain it.