CALI Holdings, Inc. Signs Letter of Intent 10/6/2005
ORLANDO, Fla., Oct 06, 2005 (BUSINESS WIRE) -- CALI Holdings, Inc. (OTCBB:CALI) announced today that it decided to strategically focus its best business efforts on financing the recovery of the cargo from shipwrecks that are valuable for both their historical and cash values.
Management performed extensive due diligence on the fundamentals of this unique business sector and specific recovery sites to evaluate the financial benefits for its shareholders. It was determined that there is room for significant improvement in earnings per share for stockholders by addressing some fundamental business issues that can establish some stability in ocean cargo recoveries and position CALI as the worldwide leader.
To date, the industry has been constrained with limited inventory, legal issues, and the costs of researching and locating valuable opportunities for recovery. Since capital investment has not been aligned with efficient recovery, poor and unsustainable ROIs are common. Many companies have made significant equipment and technology investment without supporting the investment with solid business techniques including project flow, risk mitigation and an organizational structure that will allow for scaling of the business. CALI will address these issues through acquisitions and the addition of experienced management.
CALI's analysis shows that there are billions of dollars of lost cargos that can now be economically recovered because of new technological breakthroughs in site sensing and deepwater recovery, developed primarily for the offshore oil industry. Other publicly traded US companies in cargo recovery include Odyssey Marine Recovery at $4.00 per share (AMEX:OMR) with a market capitalization of approximately $170 million and Admiralty at $0.15 per share (OTCBB:RUBM) with a market capitalization of approximately $8 million.
CALI has signed a letter of intent to acquire a company with extensive experience and is currently funding the recovery of cargo from several important shipwrecks. CALI plans to finish spinning out its other businesses in order to focus the Company exclusively in cargo recovery to provide its shareholders with a maximum return on investment.
About CALI Holdings Inc.
CALI Holdings Inc. is a Business Development Company under the Investment Act of 1940 aggressively seeking opportunities in emerging and fast growth industries. http://www.caliholdings.com
I still think this is a POC though...
Posted by Bluemound_Freak on :
Maybe but I have a bunch Cheap and am loving this right now! Keep on moving!
Posted by clintonj on :
get your "freak" on blue... i hope it rocks for ya! Posted by rickpic on :
You guys better take another look at this because any major acquisition coming in here with this O/S (Outstanding as of September 18th, 2005 432,030,283) Will launch this puppy! Not to mention it hinted at spin offs of curent assets in the same PR! The carrots are in the salad and ready for dressing!
Posted by rickpic on :
06/30/05 06/30/04
Total Assets $ 3,010,660 $ 2,947,274 Total Liabilities 577,889 503,328 Total Stockholders' Equity (Deficit) 2,432,771 2,443,946 Revenue 208,488 45,000 Net Unrealized Appreciation (Depreciation) (529,371 ) 1,368,543 Net Income (Loss) (1,345,381 ) (18,962 )
Posted by Bluemound_Freak on :
Thanks......May all your days be green too sir!
I hope this does get some dressing, daddy needs new shoes!
Posted by rickpic on :
432m shares x .0006 = $259,200 with assets at $3m
Posted by coolnwo on :
This news is great got to buy here!!
Posted by jdog006 on :
CALI???? You've gotta be kidding me. I see on OTCBB.com that the O/S IS listed as 432,030,283. With CALI's death spiral I was certain that it would be in the billions. I guess I was wrong.
I would still be very very careful. CALI has left a VERY bad taste in my mouth. I lost 50% before I got out of this one. I see PPS isn't really moving much. You gotta admit that "looking for treasure lost at sea" sounds like a re-hashed scam from the early 1900's.
Posted by coolnwo on :
CALI GETTING BUYS!
Posted by rickpic on :
hope you guys got some of this down here because if it breaks .0009 its looking like open air from there!
Posted by rickpic on :
Theres big money in the salvage buisness! Anyone know what the engine and steel from a downed ship are worth! $400-$500k for the engine from a large ship! We aint talkin sunken treasure here. We are talking nuts and bolts salvage worth millions! There also right about the technology having improved tremendously! Looks like candy from a baby at the moment to me! Posted by Bluemound_Freak on :
Got in on the 52 low! for a little just been sittting on it like a dang egg. Peck peck peck is that a crack I see?
Cross your fingers boys!
Posted by rickpic on :
looks like MMs trying to recover a short before turning this up! 6mms at .0005 BID and one on .0005 ASK make sence????
Posted by Bluemound_Freak on :
lotta volume and not much movement......tell me more!
Posted by rickpic on :
Just keep watching it because we are at just under 1/4 of the O/S traded right now and the volume is the key here!
Posted by Bluemound_Freak on :
rickpic I have seen you make some really good calls around here. What is your honest to goodness thoughts about this stock and the news that is going with it?
Posted by J3 on :
I can't find any current income statement. Anybody have a link?
Posted by johnny14511 on :
I see only green here when the name of the acquisition is revealed and I take it from the PR that a spin off is in order as well! There sitting at about 1/8 of there asset value right now with a market cap that does this company no justice at all! Looks to me like the MMs were in the process of writing this one off and they just got caught in there own game!
Posted by rickpic on :
So their assets are 10 times their market cap? How can that be?
Posted by johnny14511 on :
hey RIC in that website that u posted can we look up any stock?
or were did you get the info from
Posted by Big Green 1 on :
Wish I had some free fnuds, this thing has been up 20% then down, then up then down. I would have made a bundle in just the last hour!!!
Posted by rickpic on :
yes johnny just change the symbol
Posted by J3 on :
Am I seeing some r/s on their chart?
Posted by rickpic on :
Answer me this, why is this thing just sitting there? Is it a coiled spring ready to bounce? I liked it better right after the news!
Posted by Superbee383 on :
Some more news for CALI:
CALI Holdings, Inc. Signs Definitive Agreement with Marine Exploration Company Business Wire - October 20, 2005 09:20
ORLANDO, Fla., Oct 20, 2005 (BUSINESS WIRE) -- CALI Holdings, Inc. (OTCBB:CALI) announced today that it executed and closed under a definitive agreement with Sovereign Exploration Associates International Inc. (SEAI), a marine exploration company headquartered in Pennsylvania. SEAI, a privately held company, was recently formed through the merger of Sea Research, Inc., and Artifact Recovery & Conservation, Inc. As previously announced, CALI Holdings decided to strategically focus its business efforts on financing the recovery of shipwrecks that have cargo of historic, archeological and intrinsic value. SEAI brings executive management, skilled recovery teams, equipment and agreements for twelve (12) sites containing over 15 ships of historic, archeological and intrinsic value. CALI Holdings has applied to change its name to Sovereign Exploration Associates International Inc.
The agreement involved the exchange of SEAI stock for 90% of CALI stock and pursuant thereto SEAI became a wholly-owned subsidiary of CALI. The new management team will be comprised of key individuals from SEAI. Robert Baca and Curtis Sprouse of SEAI will assume the CEO and COO positions effective immediately. SEAI's web site is under development. Future announcements on the SEAI web site will address current site operations, artifacts recovered to date and future projects.
About CALI Holdings dba Sovereign Exploration Associates International, Inc.
CALI Holdings doing business as Sovereign Exploration Associates International, Inc. is a Business Development Company under the Investment Act of 1940 undertaking shipwreck exploration and recovery initiatives.
Safe Harbor
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the failure of the ships to contain cargo of historic, archeological or intrinsic value, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
SOURCE: CALI Holdings, Inc DBA Sovereign Exploration Associates International Inc.
Sovereign Exploration Associates International Inc., Newtown, Penn. Curtis R. Sprouse, 781-245-7773 ext. 103 Fax: 781-245-7774
Copyright Business Wire 2005
Posted by clintonj on :
could go betweem .0008 and .0011 today
Posted by clintonj on :
here comes .0008
Posted by Akira_Lapin on :
If it breaks out through .0007, things could get fun. Check out the L2s.
Posted by Akira_Lapin on :
Up 133%!
Posted by matto on :
played this twice lost be careful when dump starts it does not stop!!!!!!
Posted by matto on :
if your at 100% sell and dont look back!
Posted by rickpic on :
bought 5m here at the bid of .0003 on the open and sold it at .0007 quick 2k in the bank! Posted by Akira_Lapin on :
Absolutely. Got out at the double.
Posted by clintonj on :
Crap bailed at .0006 was hoping for 8. I bought at .0003 2 days ago and still have 700,000 shares at much higher levels
Posted by Bluemound_Freak on :
Why would this not take off even higher? Could this thing ever break out of the triple, double zeros?
Posted by clintonj on :
most news is very short lived and it's usefullness sometimes only last 20 minutes, CALI lasted about and hour though Posted by gohigh on :
Over a third of a billion shares traded today. Wow! It can't go much lower than .0004.
Posted by rickpic on :
I just bought that same 5m shares back *.0004
Posted by rickpic on :
picked up another 5m at .0004 for 10m total
Posted by gohigh on :
So, in other words rickpic, if this stock makes it to $1 a share, you've got 10 million dollars! Sounds wonderful. I've only got a million shares, so I won't be rich, but I'll be well off.
Posted by rickpic on :
this is why Im buying!
Outstanding as of September 18th, 2005 432,030,283
Posted by jmichael7 on :
in here at .0004.. looking for an EOD run imo eom
Posted by STOCKMOVER on :
Where do you guys honestly see this stock going?
Posted by STOCKMOVER on :
Where do you guys honestly see this stock going? I have been watching this for some time now and decided to buy some today.
Posted by gohigh on :
Here's my take. This stock has nowhere to go but up (literally). Anybody holding long term who wanted to get out already did. I mean, the thing hit .0002 yesterday! It CAN'T go lower than ZERO. Therefore, there are only buyers at this point. Now some people will take a quick gain making a few hundred dollars here and there, but most people are going to hold on for the big one.
Posted by clintonj on :
+Knowing this co like i do and its recent past pps history, this is the" big one" many bought the last few days at 3 and then selling today. a retracement back to .0002/.0003 is in order before a gradual move upwards with short lived break outs in between
Posted by jmichael7 on :
.0004 / .0004 1 x 1
Posted by jmichael7 on :
CALI - .0003 / .0004 13 x 2
Posted by rickpic on :
Heres a profile on the Chief Operating Officer!
Curtis R. Sprouse
President Boston Market Strategies
Curtis R. Sprouse brings more than eighteen years of experience in the healthcare, pharmaceutical and accounting industries to his position as President at Boston Market Strategies, Inc. (BMSI), the Massachusetts-based management consulting firm that provides clinical trial support, strategic planning, and market development and research to life sciences companies and their industry partners. As a noted strategist and one of BMSI’s founding members, Curt has worked with almost every major United States-based healthcare, pharmaceutical and biotechnology company, including Aetna, AstraZeneca, BioAdvance, Boehringer Ingelheim, Cephalon, Cigna, Fujisawa, Genentech, GlaxoSmithKline, Harvard School of Public Health, Novartis, Oxford Health Plans, Sanofi and Pfizer.
As an independent consultant to these Fortune 500 companies, Curt has advised on sales, marketing, strategic planning and reimbursement issues. He structured and negotiated contractual relationships between pharmaceutical companies and managed care organizations and established BMSI as an expert resource in creating efficiencies in clinical trials processes. Curt created business and marketing strategies to support the successful launch of numerous pharmaceutical products, including Adenoscan®, Ambisome®, Pulmicort®, Toprol XL® and Tilade®. Focused on a first-of-its-kind project that would revolutionize the clinical trials’ process, Curt is currently working with several prestigious university medical schools and healthcare clients in the Philadelphia market to create the first Integrated Research Network (IRN), or clinical trials supersite, in the country.
Prior to founding BMSI, Curt was successful as Director of Special Projects for a New England-based healthcare business development organization. He also served as Chief Financial Officer for two start-up staffing ventures that placed medical professionals in temporary positions at New England hospitals, clinics and convalescent homes. Curt started as staff auditor at Big Eight accounting firm, Ernst & Young (then Whinney), where he excelled at healthcare-related accounting for several prestigious Pittsburgh-area hospitals and health-related ventures.
In addition, Curt also teaches a Master’s level course on Strategic Planning at Drexel University. He holds a Bachelor of Arts degree in Accounting from Westminster College in Wilmington, Pennsylvania.
Posted by gohigh on :
Should we buy more at .0003 rickpic?? I realize there are a lot of shorts in this stock, but shouldn't they be covering at the bottom here? They can't short it below ZERO which is the absoulte limit, but there is NO limit on the upside. Come on 1$! Almost 1/2 a billion shares traded today.
Posted by Fairly_New on :
Damn CALI not looking to good for a runner this afternoon even with all that volume
Posted by prefect on :
quote:Originally posted by Fairly_New: Damn CALI not looking to good for a runner this afternoon even with all that volume
Why do you say that fairly?
Posted by rickpic on :
I just placed a 30m share order if ARCA would like to fill it! Posted by Fairly_New on :
went back down to .0003 --- of course i guess 30 MIl might make it move -- LOL
GLTY --- Kind of sidlining this one --
Posted by gohigh on :
Now you're talking, rickpic!! Back up the truck. Beep..Beep..Beep..
Posted by rickpic on :
Im here to make money and if they want to play in the dirt I have a big shovel!
Posted by prefect on :
I can't seem to get anything at 3. My 2.5m has been in for the last 3 hours :/
Posted by rickpic on :
bada bing! Posted by jmichael7 on :
going craaazy here?!!
Posted by rickpic on :
Just talked to the COO for about 20 minutes and I liked what I herd very very much!
Posted by rickpic on :
Those .0004 asks are about to go away real fast!
Posted by prefect on :
come on fellas, give me something...
Posted by rickpic on :
O/S is still as it was!
Outstanding as of September 18th, 2005 432,030,283
Posted by rickpic on :
Just placed a 26,750,000 order at the ask!
Posted by Bluemound_Freak on :
all this volume and still not going up? What gives?
Also rickpic what are you looking at as far as a good jumping off price?
Posted by jmichael7 on :
and the buys just keep coming!! ;0)
Posted by rickpic on :
15 Wrecks some that they are diving on today and many of them have are Gold and silver artifacts! Hmmm I smell big money!
Posted by rickpic on :
filled 12m come on boys give me the rest! Posted by prefect on :
how are you getting filled rick?
no one is giving me anything Posted by gohigh on :
The asks are back up to .0005. Looking good!!
Posted by tech1 on :
Rick, are you go to ride this long-term, or ride the short run? I'd love to ride it to $1.00 and retire, but I think it might be a while. Thoughts?
Posted by gohigh on :
I'd hate to be short on this one over night.
Posted by rickpic on :
I ride percentages not longs! I had an order for 5m at .0005 in prior to the close and they filled 1m and took it back to .0004 ignoring my .0005 order which I see they just filled after the close at 16:02:41
Posted by prefect on :
well I finally got something sheesh...
Posted by rickpic on :
ended the day with 33,510,000 and more to come tomorrow!
Posted by prefect on :
that was part of my buy that brought it down to 4 sorry fellas.
order for 2.5m aon all day and I get nothing...took out the AON in the last 10 min and got 975K.
these guys short on shares or what?
Posted by rickpic on :
I will quote the COO!
"There is a very aggressive PR campain coming"
"The web site is being worked on and will have many many pictures of sites being worked and artifacts that have been recovered and will be available for auction"
"One of the salvage companies has been working for 2 years and the other for 5 years and no auction of the salvage that they have brought up has been held as yet"
"The guys running the day to day salvage opperation have over 25 yrs in the salvage buisness and are very good at locating and recovering historic artifacts"
I could go on and on but I'll let someone else call he COO and report here as well! Posted by rickpic on :
prefect the COO says the O/S has not changed so yes I would say they are very very short as of today! Posted by rickpic on :
prefect they filled me for 19m at .0004 in the last 10 minutes of the day and I raised my bid to .0005 and got another 5m I had bought 10 at .0004 earlier, and prior to talking to the COO!
Posted by prefect on :
my haven't we been hording the shares...LOL!
Good luck rick!
btw, where are you getting this after the close sales info? (i.e. this 16:02:41 buy you speak of)
Posted by gohigh on :
Tech1, I'd love to hold this to 1$ and retire also. However, if it hits even 0.1, the temptation to sell for a profit is going to be VERY high. How many of us have that much disipline? I'm going to hang on to my shares. Good luck if you're in.
Posted by rickpic on :
prefect on time and sales from APEX and from my account where the shares are that got filled after hours!
[ October 20, 2005, 16:50: Message edited by: rickpic ]
Posted by prefect on :
Interesting...
So Ameritrade, lets you trade pennies after hours? How about pre-market?
Posted by rickpic on :
LOL! It happened, but there not legal trades! Thats on Ameritrade! I have the shares at .0005 as the last trade of the day, but the close shows .0004!
Buy 5000000 CALI Limit at 0.0005, DAY Partially Filled 4000000 at 0.0005 Auto Routing 2005-10-20 16:02:40
Posted by jmichael7 on :
Chart/Indicators/Vol. here are all simply a thing of beauty.. but most importantly.. we closed above the 5 & 10 day moving averages!
Posted by jmichael7 on :
Trade History for past 5 days
Date - Symbol / Open / High / Low / Close / Change / Volume / Trades / bid / ask
this stock should have closed at .0007
Posted by jmichael7 on :
agreed
i think this is just the begenning of the move here cause the new business they are in have a lot of potential .and from what i have posted on another board: READ about the value of CALI:the two companies mentionned by the CEO are OMR and RUBM with respective market capitals of 130 MILLION and 8 million !!! LET us consider the worst case scenario which is our oustanding shares = authorised shares=2 billion shares. and let us consider also the worse case scenario a 10 million market cap for CALI that will bring us to a price per share of 0.005 . those companies are money makers check the news on OMR or RUBM and you will get to see that they have very potential news.
I, myself, could not resist but to grab some at these irresistable levels - profits are so close, I can TASTE 'em.
Posted by rickpic on :
Johnny
I talked to the new COO of the NEW company yesterday afternoon, for quite some time, and I asked specificaly about the O/S and was told that the O/S has not changed since the last filing. That leaves the O/S lower than what was traded yesterday. Outstanding as of September 18th, 2005 432,030,283! This is way over sold and way undervalued, right now! I have posted 2 other posts with quotes from the COO here and you should find them and read them as well! Posted by rickpic on :
Jm
the PR states very clearly what the new company is made up of.
Sovereign Exploration Associates International Inc. (SEAI), a marine exploration company headquartered in Pennsylvania. SEAI, a privately held company, was recently formed through the merger of Sea Research, Inc., and Artifact Recovery & Conservation, Inc.
I don't have any idea where you are getting the numbers you posted above from, but they were both private companies so you didn't get them from any filing!
Once again I say "refer to my prior posts with quotes from the NEW COO of the company!"
Sea Research, Inc., Has been in buisness for 2 yrs and has been diving on wrecks and recovering artifacts most of that time!
Artifact Recovery & Conservation, Inc., Has been in buisness for 5 yrs and also has been recovering artifacts for most of that time.
What we own is a mother company that controls both. There has been no sale of artifacts recovered so far, and they have been diving on and were diving on 2 wrecks yesterday!
They control 15 historic wrecks that date back 200 plus years, and that have Gold, Silver, or precious artifacts of historic value!
The COO said there is a lot of PR coming to get shareholders up to speed with what they have and what there doing!
Posted by jmichael7 on :
k ric..
as i stated below that.. it is the dd of balamidas so...
t/y for all your work and effort into this bro
Posted by rickpic on :
All buys at the ask!
Posted by clintonj on :
still have 800,000 shares to unload once the treasure is discovered.MMMMM...maybe my shares are the undiscovered riches...Rick send the diggers my way!
Posted by rickpic on :
I have a funny feeling that what you see left at .0005 is all theres gonna be at .0005! Once there gone there gone! This is way over sold at this level and there buying in big time! Posted by jmichael7 on :
agreed.. chart update
Posted by rickpic on :
But don't just take my word for it! Go look at the time and sales for today! Posted by jmichael7 on :
..anyone here able to fill at .0004 today? ..nothing here...
Posted by rickpic on :
I added 2m at .0005 earlier!
Posted by johnny14511 on :
i see rick
Posted by rickpic on :
We have two filing coming here
a form 4 Benificial change of ownership
and
an 8k in reference to the PR and further detail of it!
and If I were the new ceo I would want to touch base with my shareholder via a PR as well!
Posted by rickpic on :
There moving out! One less at the ask of .0005! Posted by HossTrader on :
Another one upped their bid to 0004
Posted by rickpic on :
The volume here is 4/1 at the ask! Shares are thin and it isn't gonna take much more buying presure before it moves higher!
Posted by tech1 on :
I'm with you Rick; looking forward to a big rise.
Posted by HossTrader on :
quote:Originally posted by prefect: Interesting...
So Ameritrade, lets you trade pennies after hours? How about pre-market?
Sorry, just catching up on the whole thread. But a lot of those after hours are just the MM's cleaning up and keying it all in. It had to be placed before the close.
Posted by rickpic on :
Yes HossTrader it was placed before the close and filled at 16:02
Posted by jmichael7 on :
just bought 1 million at .0005
Posted by WarpedMind on :
rick,
how long do you think you will hold this? what is your exit strategy?
thanks.
Posted by rickpic on :
Don't know but I will make a profit when I sell!
Posted by WarpedMind on :
that's a good strategy.
generally, historically, it appears that my strategy is to lose money... I'm gonna have to rethink this. :-)
Posted by clintonj on :
Warped some people sell 2/3 on the 1st breakout and hold the rest for free or sell the balance (1/3) when it moves higher still looking for additional gains...then again some of us just go down with the ship named "hope she'll go back up"
Posted by WarpedMind on :
Thanks for the ideas, Clinton. What do you think that this stock will do?
Posted by gohigh on :
What usually happens is if you take the quick 10%, 20%, or 30% gain, the thing ends up going up 1300% or something. And of course, if you hold out for the big one, you usually end up kicking yourself when it goes up 50% and then goes back below what you paid for it.
Posted by WarpedMind on :
ah... sounds like you've been where i am.
Posted by gohigh on :
I think we all have, Warped. Greed and fear is what drives the market. Always has, always will.
Posted by tech1 on :
WTH? Stalled at 5 and back to 4. Is there that much resistance to leaving 5? I saw ARCA dropped his ask.
Posted by rickpic on :
Looks like we have some end of the day buying going on here! Posted by HossTrader on :
Finishing at 5 on pretty average volume would be a good end to the week.
Posted by gohigh on :
Yes, it is stalled. We're going to need some patience on this one. And I've reread all the posts on this thread and am optimistic. This company is not dead in the water, so to speak, like so many other companies trading at under .01. Remember, the sky is the limit on the upside, and it's almost as close to ZERO as it can get. Good trading.
Posted by redneck woman on :
Rickpic, which online broker do you use?
I've been trying to sell some shares for about an hour at .0005 and can't get them to go. Wish they would buy mine.
Posted by rickpic on :
woman that because theres 6 MMs on the ask at .0005!
Posted by rickpic on :
35,820,000 very nice hand!
Posted by HossTrader on :
No, this company is definitely NOT dead in the water. And even though it has sunk to some pretty low depths, I think we will be able to salvage more than we put into it if we just suck it up. I just treasure all the support here.
Posted by gohigh on :
So ricpick, according to your own numbers, you now own 8.3% of all the shares!? You're pulling some weight with this company now my friend.
Posted by clintonj on :
very well "punned" Hoss
Posted by clintonj on :
Warped ask me earlier where i thought this could run to. on a six week chart after good pr was released we breached the .0020-.0025 level. i suspect we get near that once truly good prs come over the wire...but i'm selling into those higher legups and buying the pullbacks because i feel this to be more than just a scalpers day trade.
Posted by HossTrader on :
quote:Originally posted by clintonj: very well "punned" Hoss
Well, I thought it was funny! Posted by gohigh on :
I've only been following this company for a month, but it looks to me like CALI was trading around .05 just six months ago (compared to .0005!) That was a 100 times where it is today! I can only guess that bad news brought this stock down. So come on everyone, let's bring that booty up!!!
Posted by rickpic on :
gohigh
I guess I am at that! I like sunken treasure! The pirate in me said to plumder the booty, before another scull and cross bones could get to it!
Fair voyage mates!
Posted by rickpic on :
could this be the Sea Research Inc listed as part of this merger? If so you guys are gonna be very happy!
Sub Sea Research team finds Notre Dame de Deliverance treasure wreck Powered by CDNN NewsWire
PORTLAND, Maine (5 Aug 2005) -- Underwater explorers who've examined the wreck say their research indicates that it's the Notre Dame de Deliverance — a 166-foot, armed merchant vessel of French origin. The research includes surveys of the site by state-of-the-art remote sensing devices, ROV's and divers, a study of historical records, and the discovery that a few silver items — including a crucifix, plate and some coins — were brought up years ago by other salvagers. Recent underwater video footage is now being analyzed to determine the best procedure for recovery.
Greg Brooks and John Hardy of the Sub Sea Research states "It was one of the richest ships ever lost," they estimate the value of the Deliverance's trove could be between $2 billion and $3 billion. The Deliverance departed Havana on Halloween with an armed escort of seven or eight smaller, schooner-like vessels according to Brooks' research in Cuba and elsewhere. The ship soon met a fate that Brooks now believes was remarkably similar to what befell the Atocha and its hapless crew in surrounding waters 133 years earlier.
The hurricane struck the night after the ship left Havana, its eye passing over Havana to the southwest. The escorting ships reportedly were able to survive the storm and sailed across the outer reefs to eventually anchor on the northwest side of the Marquesas Keys to ride out the storm until the following morning, according to a research report prepared by Brooks and Sub Sea researcher Edward Michaud.
An incomplete manifest of the Deliverance cargo that was on board at the time of sinking declares those riches to include 17 chests packed with nearly 1,200 pounds of gold bullion, 15,000 gold doubloons, six chests of gems, and more than a million silver pieces. That doesn't count contraband or any valuable belongings of passengers.
Before he hunted sunken treasure, Brooks built swimming pools for a living. Over a decade ago, after 19 years in that business, he cashed out to find his fortune. Brooks' principal partner and fellow investor is John Hardy, a former National Aeronautics and Space Administration engineer who currently runs a La-Z-Boy Furniture Gallery in South Portland.
Brooks says he's personally spent a million dollars so far in the hunt for treasure that he believes has led him to the Deliverance. He's helped make ends meet doing salvage work for insurance companies. Brooks, who is married and has an 18-year-old daughter, has plans to create a shipwreck museum and aquarium in Portland.
Sub Sea Research's primary recovery vessel is the 105-foot M/V Diamond, a converted U.S. Navy torpedo retriever that's currently docked on Stock Island near Key West.
About Sub Sea Research LLC:
Sub Sea Research LLC is a privately held limited liability corporation based in Portland, Maine. Founded in 1984 by Greg and Kathy Brooks and joined by Lois and John Hardy as principal partners in 1993, the company has achieved a continued steady success rate in locating and recovering researched historic shipwrecks worldwide and continues to develop the Shipwreck Institute of Maine Project, as well as a planned maritime museum in Haiti. For more information, visit www.subsearesearch.com. Posted by rickpic on :
48m traded and the ask is backing down! Could run today! Posted by WarpedMind on :
now at .0004. Man, I wish I had some cash to buy more.
Posted by crockett on :
Hey guys I was looking to jump in this one as my fist buy. I'm looking to spend about $250 on this stock.
I see the bid price is now at 0.0004 so that would roughly put me at 625000 shares if my math is right.
What I'm wondering is, when trying to buy I'm having to put a limit price in. What would I need to enter as that price to be able to buy?
would I put the bid price?
Posted by clintonj on :
you could try for .0004 but probably won't get filled for aday or more. if you are impatient you will get filled at .0005 now!
Posted by crockett on :
ok that's what I wasn't sure about I was guessing .0005 would probably get it filled but I'm not on the up and up on how everything works yet.
thanks for the reply
btw this one is down -20.00 now, so you think there is a chance it could get filled at .0004?
Posted by tech1 on :
There's a chance, but I think it's slim; there are a lot of people ahead of you with a .0004 bid.
Posted by WarpedMind on :
Think there will be any movement upwards today? Any news or anything planned that anyone knows of?
Posted by tech1 on :
The .0005 wall doesn't look very big right now. I think if that breaks, there will be some big movement. I don't know of any news, but if they come across a sunken ship, or if the company referred to in Rick's post is part of CALI, I think that would help a lot. Bottom line...Rick's heavy in this, I've got a couple million shares, and I know several others on this board are in as well: I expect some good movement in the next couple of days.
Posted by rickpic on :
tech1
All I'm waiting for is an announcment of the ships they are already diving on! I have info I have been able to gather online that looks really good!
Rick
Posted by tech1 on :
Rick, I hear you. It's going to be awfully tempting to hang on to some of this stock for the long haul, but there sure are going to be some quick profits in the near future.
Posted by rickpic on :
I'm a very strong believer in the soon to be great profits here theary! Posted by rickpic on :
Big buys hitting the ask here in the last 20 minutes! Posted by prefect on :
wooohoo I finally got something...too bad it was only 30,000! LOL!
Posted by crockett on :
quote:Originally posted by rickpic: Big buys hitting the ask here in the last 20 minutes!
so you think we should just go for the ask and not .0004
I haven't gotten anything at .0004 so far
Posted by rickpic on :
7 mms sitting at the bid of .0004 I dought your gonna get filled there today and if news hits you can say bye bye to the number!
Posted by prefect on :
another 228,500
still a long way to go to my 1.5 mil for the day...
Posted by gohigh on :
Someone got it at .0004 at the very end. Who's selling their shares at .0004? Nobody on this board, I presume.
Posted by crockett on :
Where do you guys check what people are buying them for?
Posted by tech1 on :
Crockett, if you have an online brokerage account, you're real-time quotes should be showing you. If not, check out something like www . otcbb . com. Enter the symbol and click quote, then click the market depth tab - you'll see a listing of recent purchases and price, as well as the current ask and bid.
Posted by WarpedMind on :
You guys probably already have this, but just in case you don't:
BTW, I'm thinking about calling them today. If I do, are there any particular questions you'd like me to ask?
Posted by WarpedMind on :
Any suggestions? Or would someone with more experience (i.e. rickpic, etc.) like to call instead?
Posted by clintonj on :
.0003x.0004 have a buy order in at .0003 i'm going head to head with rickpic for majority ownership of the Co.LOL
Posted by WarpedMind on :
Go CJ Go! :-)
Posted by rickpic on :
Good luck with the .0003 buys I hope you get filled and soon. I have spent the last 4 days digging up treasure on this company and you will be highly surprised at the magnatude of the assets under this companies possetion! The Man who started Sovereign Exploration Inc is listed below and you can start your DD from there.
There is no conection between Sea Research inc and Sub Sea Research, but what we hold is even better!
Holding every single share till the PR's hit the fan!
Posted by clintonj on :
no sellers yet at .0003, and if i'm to gain controling interest over you (rickpic) i gotta get my shares at 3 Posted by rickpic on :
Enjoy the chase CJ! Posted by rickpic on :
There are going to be only a handfull of lucky shareholders owning the lions share of what is available in the float of this company. 432m is what was outstanding as of last Thursday per the Chief Opperating Officer of Sovereign Exp Inc and they had to control 51% of that in order to exicute the recent sale of 90% of the shares from CALI to Sovereign without a public proxy which leaves ony 216m or less shares in the float, of which I own 35,810,000 (So Far) now do the math to see whats left. By the way I also know others who are holding 10m+ shares and will not sell at this level. So when I say enjoy the chase its because no matter what the MMs show for a PPS. I know that the shares available to us are almost gone from the float. ARCA little game this AM with jumping the ask with 9 MMs on the BID at the same PPS is why it dropped and ARCA's client (buyer) will be buying everything offered at .0004 I suspect, but slowly so that those who are weak will continue to give them up at that PPS!
Rick
Posted by tech1 on :
I've got 2 million shares (greedily grabbed some at this .0004 discount), and I sure won't be giving the up for a while yet either.
Posted by rickpic on :
man did those MMs move fast 3 at .0004 x 6 at .0005
Posted by crockett on :
quote:Originally posted by rickpic: Good luck with the .0003 buys I hope you get filled and soon. I have spent the last 4 days digging up treasure on this company and you will be highly surprised at the magnatude of the assets under this companies possetion! The Man who started Sovereign Exploration Inc is listed below and you can start your DD from there.
There is no conection between Sea Research inc and Sub Sea Research, but what we hold is even better!
Holding every single share till the PR's hit the fan!
thank's for the info.. with what you have dug around and found, where do you see this one going? My guess being you are buying so much you must have found some sort of good info.
Posted by rickpic on :
I gave you what DD I had to share. As I said prior here I've spent 4 days and every waking hour digging up the dirt and you can bet it all that I'm waiting for a PR with great antisipation! The info I went after primarily was in small town newspapers and Public Gov docs, but I will let the company do there own announcments when they feel the time is right!
Posted by MasterQuinn on :
hey we're up 900% today LOL... Fat fingers
Posted by rickpic on :
I suspect that that will not be concidered a fat finger trade in the near future! I'm not kidding guys!
Posted by gohigh on :
Are "fat finger" trades corrected later on, or did someone actually get away with selling at .004 a share?
Posted by gohigh on :
I'm trying to sneak in another million shares at .0003, but it doesn't look like it's going to happen.
Posted by rickpic on :
Bring on that PRE Market PR and lock out everyone who wasn't listening is what I say! Let the chase begin! Posted by prefect on :
wow rick you are pretty confident about this one I hope it pans out for you.
Posted by WarpedMind on :
as long as we don't have any reverse splits in the future... I've never been the victim of this yet... and I hope it doesn't happen here. I hope we get some good pr tomorrow.
Posted by rickpic on :
Big Changes in the ask side of the L2 after hour! Look out in the AM!
Posted by Nile on :
how high do you see this going rick?
Posted by rickpic on :
Here another lil tid bit of DD for you guys to sink your teeth into!
C.B. wreck hunters reveal treasures Riches worth hundreds of millions in waters near Sable Island
By TERA CAMUS / Cape Breton Bureau
MAIN-A-DIEU - A share of sunken treasure recovered off the coast of Cape Breton this summer was handed over to the province Friday.
Officials with Le Chameau Explorations Ltd., a treasure hunting company based in Cape Breton, delivered dozens of precious gold, silver and copper items, including coins, sword handles, silverware, crosses and pieces of ships. The items were recovered during the summer from several wreck sites off Cape Breton and near Sable Island.
"These wrecks are worth hundreds of millions," a soft-spoken Capt. Bob MacKinnon of Le Chameau Explorations said last week in his lab.
Nearby, staff and marine archeologists quietly and carefully packed the goods recovered so far for shipment.
The treasure was discovered in 2002 from an area that some treasure hunters have called the richest shipwreck site in the world.
Mr. MacKinnon said parts of Nova Scotia's coastline are among the richest in the world based on the number of wrecks, estimated to be in the thousands.
The province takes a 10 per cent share of all goods recovered from such wrecks. Le Chameau Explorations and its shareholders get the rest to sell at auction houses, mostly in Europe or the United States.
This summer's find included newly minted New England gold coins from the 1700s. The coins, the size of a loonie, were found near a French wreck containing gold coin lost in the 1800s when heading for Louisbourg.
Some of the gold coins, which glistened on the counter in Mr. MacKinnon's lab, are in near-perfect condition, except for a few dings along the edges.
While the coins are in good shape, time is taking its toll on other treasure, some of which is at risk of being forever lost on the ocean floor.
"It's a very harsh environment," Mr. MacKinnon said of the sea.
"Most sites are covered with heavy stone, some as big as this building. The sea can easily pick up stone the size of this building and move it."
Marine archeologist Duncan Matthewson of Florida said Nova Scotia's southern and eastern waters are full of wrecks because of the low shoal that follows the rugged shoreline.
"They can't survive very long," he said of the wooden vessels that wrecked in the harshest of seas.
"Every recovery tells us about the ship and the maritime history of the area. . . . Some sites are not just one ship, but there may be as many as three ships from different periods so we're trying to work out the sequence of events. . . . It's like being like Sherlock Holmes under water."
To continue its treasure hunting, the company plans to hire another 50 workers next summer to join the staff of 20, which includes many scientists like James Sinclair, the first archeologist to visit the Titanic when she was found.
Next summer, Mr. MacKinnon's company, along with American parent Sovereign Marine Explorations, hopes to get the green light from the province to begin searching several other sites as well, including that of the 1822 wreck of L'Africaine near Sable Island.
That ship arrived in Martinique on Oct. 17, 1821, and departed for France loaded with riches, mostly gold and silver bullion, at the time she sank months later.
They also plan to go after the wreck of the steamer ship State of Virginia, lost in July 1874, along with her sizable stash of gold and silver, some of which has already been recovered near Sable Island.
The team also plans to continue piecing together the history of Le Chameau - the ship from which some of this summer's treasure was recovered. The wreck of the French pay ship is mixed in with the remains of two other colonial-era ships, one of which was Le Triton.
Le Triton, owned by the Spanish, was captured with its riches when heading for Spain near Nantucket Island, Mass., on July 4, 1711, by the English frigates Kingston and Leostoff. According to historic documents, Admiral Hovenden Walker, commander of the British fleet, sent orders to not proceed to Britain with the prize capture but instead stay near Cape Breton to await orders.
Seven of 11 ships sent by the admiral to patrol Cape Breton that month in September were lost in storms between Main-a-Dieu and Louisbourg. Some of the goods sent Friday were positively identified as belonging to the Triton.
Among the wreck sites the company has pinpointed for recovery next year includes an area near St. Paul Island that's believed to hold rare gold coins and other precious goods stolen from the White House during the War of 1812.
"If we can get to it (the Washington wreck site) . . . items recovered below could go up over $1 billion in value," Mr. MacKinnon said with a smile.
According to historians, British forces in the war ransacked the national capital and burned the White House, but not before filling several of their ships with riches for the return voyage home.
Many of those ships heading overseas stopped in Halifax but were lost in heavy storms just south or east of the province.
Do you guys have any idea what artifact from the original WHITE HOUSE would be worth today? If not you should think about just what kind of news this is both financialy and historicly! Posted by crockett on :
Chasing sunken treasure can be a very costly venture. I've personally worked on a boat that was part of the discovery of the St Johns Wreck in the Bahama's.
So sometimes you can win big but still lose as in the wreck above. No real treasure but it was a great historical find.
One thing is nice about these wrecks is the Spanish kept meticulous records on what was aboard these vessels. You can literally go to historical libraries and look up a lot of the data about these ships, assuming you know the name of it.
Posted by rickpic on :
Crocket
I think they are well beyond the chase stage here as they have recovered artifacts and assesed values on 15 wrecks that they hold claim to!
Rick
Posted by crockett on :
quote:Originally posted by rickpic: Crocket
I think they are well beyond the chase stage here as they have recovered artifacts and assesed values on 15 wrecks that they hold claim to!
Rick
yea I know which is why I like this one Posted by clintonj on :
i see some sells came through at .0003 but i haven't gotten filled yet, but i willlll!
Posted by Thorn on :
.0004 could go any time now; better grab what little is left.
Hey, Ric, where's that PR? (jk)
Posted by rickpic on :
Thorn
I'm sure that the company will come with PR when they are ready and that will be the end of this level! This is pre PR accumulation time and those who see whats here are doing just that! For the most part I know the buyers at .0004 and they aint selling down here! Posted by rickpic on :
CALI new symbol!
12:26 10/27/2005 CALI CALI Holdings Inc. Common Stock SVXP Sovereign Exploration Associates International, Inc. Common Stock **
Posted by HossTrader on :
If anyone is short, this will bring on the squeeze. Any fears of a r/s with this change?
Posted by rickpic on :
none listed and if there doing that its useualy right there with the symbol change
Posted by rickpic on :
Thats what was holding up the PR! They wanted to release the PR's under the new symbol! Posted by WarpedMind on :
Is the changing of the symbol usually a good or bad thing (or does it make any difference in the marketplace)? Also, shouldn't the date be 10/26 in your headline, Ric? Why is yours a day ahead?
Posted by WarpedMind on :
Interesting sidepoint... the 52 week high was on 10/27/04. Coincidence?
[ October 26, 2005, 14:07: Message edited by: WarpedMind ]
Posted by rickpic on :
because tomorrow is the day the symbol changes and it is being changed because a new company owns it and they do buisness in a different field from what CALI did!
Posted by WarpedMind on :
ah. good reason... good sign! :-)
Posted by MasterQuinn on :
rick, where did you see this stock symbol change thing, I can't find it.
Posted by rickpic on :
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