Last two paragraphs were left off of SG's post on iHub.
https://upticknewswire.com/seafarer-dives-dee...-findings/
As a shareholder, several things I like seeing here.
They can keep 80 percent of treasure so there is no rush for a recovery permit. And there's the 80/20 split some have questioned over and over for years.
10 year anniversary. Tough 10 years but they are still here and things look better now than ever. Stock climbing, dive season imminent.
They expect to start generating revenue this year. That would be excellent.
Also it discussed new sites for the future. All good!
Locked an loaded. Go SFRX!
Quote:...However, the Company now expects to make lucrative findings soon. Mr. Kennedy elaborated about the procedure of monetizing the wreckage findings. According to the current laws, different laws are applicable in different jurisdiction. CEO Kennedy said that the Company already has an agreement with the State of Florida in place. According to Florida laws, any wreckage found within 3 miles of low water mark, is deemed to belong to the government. Seafarer has an agreement with the government, which allows the Company to retain 80 percent of the wreckage, while the remaining 20 percent will go the government.
Seafarer is going to celebrate its 10th anniversary this year, which underlines the robustness of its business model. Shipwreck exploration can be a lucrative yet capital intensive business. The Company’s survival for a decade indicates that it is working in the right direction. Seafarer also takes a focused approach as it specializes in wreckage belonging to colonial times, ranging from the 16th to 18th century. Having over 300 years of wrecks to target increases the chances of successful expeditions.
Seafarer’s efforts have yielded good results in the stock market this year. The Company’s stock has gained over 220 percent in the past 12 months while its Year to Date gain is pegged close to 88 percent. However, despite such rise, the stock still offers substantial upside from the current levels, as the stock is still way down from its all times high in 2013. With the encouraging news such as obtaining the new licenses, and more favorable diving months approaching, the company stock is expected to mirror its encouraging operating prospectus. Seafarer also expects to start generating revenue this year, which will help with the corporate liquidity.
https://upticknewswire.com/seafarer-dives-dee...-findings/
As a shareholder, several things I like seeing here.
They can keep 80 percent of treasure so there is no rush for a recovery permit. And there's the 80/20 split some have questioned over and over for years.
10 year anniversary. Tough 10 years but they are still here and things look better now than ever. Stock climbing, dive season imminent.
They expect to start generating revenue this year. That would be excellent.
Also it discussed new sites for the future. All good!
Locked an loaded. Go SFRX!
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