1715 fleet treasure bust

[Blak bart]

I read in another post below.

There is one entity that holds the salvage leases on the 1715 Fleet (1715 Fleet-Queen's Jewels) and all subcontractors have to sign a contract with them. John Brandon is their operations manager. The company will run a background check/credit check/etc on all involved, look at your experience and equipment and decide whether to offer a subcontract.

So 1715 Fleet-Queen's Jewels charges a fee to subcontractor that passes all the checks State gets 20% 1715 Fleet-Queen's Jewels gets 40% and subcontractor gets 40% From that they have cover tax, insurance fuel. repairs and maintenance costs. Plus split with any financial backers?

How long does it take to convert finds into actual revenue? Are contractors waiting months years before their finds are sold?

Crow

John Brandon is retired now i think and sal gutt is the new director of ops.

 

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[Crow]

Yes....I think it's a case of the state making it sound much worse than it is ? I think the term theft is being used to describe a mistake in reporting finds ? But there seems to be some missing information in the articles.....50 coins, 51 coins, 101 coins, 13 missing coins, 37 siezed coins ?? All very confusing and needing more explanation....I'm certain we will here more. Either way there is no excuse, the system of reporting, cataloging, division and such has been clearly defined for years !! Planting coins seems pretty deceitful, but it's probably not the first time thats happened.

I can understand financial pressures.

The problem with planting coins to get investors it reflects badly on other Contractors trying to do the right thing. And besides it is not ethical. You have to be honest and forthwith with your investors as soon as you do some thing like that. it shows you cannot be trusted.

Trust is reciprocal thing.

Crow

 

[Blak bart]

Please take everything is say with a grain of salt....I am not certain of all this, just my thoughts ..... I have never participated officially on any 1715 fleet dive boats. I've rode along unpaid for fun that's it. I've chose to remain on the beach concerning 1715 treasure. I keep 100% for me from the beach.

Also don't forget the tax at the end of any treasure sales....if you do end up with treasure after a division, and you choose to sell it at auction, well there will be a final tax at that point also !!

 

[Blak bart]

Also, some crews are under the radar and keep a low profile.....I've been getting updates from one of these crews, and they did quite well this season on the silver, and have had zero press over it....they try hard to keep it quiet as they can, and keep plugging each season ! They need to name there boat "sneaky"

 

[Treasure_Hunter]

You are required to report all finds to the state, the state has right per law to choose the pieces of their choice for their 20%. You don't accidentally forget to report 50 coins.

I worked with Eric Schmitt back in 2015 when I was working with Minelab at Kellyco..

 

[Blak bart]

You are required to report all finds to the state, the state has right per law to choose the pieces of their choice for their 20%. You don't accidentally forget to report 50 coins.

I worked with Eric Schmitt back in 2015 when I was working with Minelab at Kellyco..

Yeah I know....there really is no excuse for what's happened. Just seems almost impossible to get away with selling that many coins and not creating some math problems with the state and feds....and investors. I guess we wait for more info. Sure has caused some media attention!! Not the good kind either.

 

[Crow]

Yeah I know....there really is no excuse for what's happened. Just seems almost impossible to get away with selling that many coins and not creating some math problems with the state and feds....and investors. I guess we wait for more info. Sure has caused some media attention!! Not the good kind either.

Sadly such negative publicity falls into hands of archeologist who are against the monetization of treasure who would love nothing more than shutting down such operations.

But that said Rule of law innocent until proven guilty. We shall find out in due course.

Crow