posted
How am I looking for .0003 buy? How many are in line to buy it at that price? Do I have a chance still? I'm still sitting on .0003. L2s anyone please?
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
I don't think anyone knows. We are hoping for some numbers confirming the quality/value of what they have actually found. Until then though, there hasn't been much movement at all on this one.
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there's been a few insider trades submitted today and yesterday (form 3 and form 4)... Why is it that they are submitted today but the trades are dated 11/2 or some older than today date? Don't these have to be submitted BEFORE the trade and not after the fact? I'm confused... can someone explain how these work?
Also, I kind of have a theory. Is it possible that SVXP has been holding off on news because various insiders are accumulating shares right now and they want to keep the price down until they've acquired their shares... once they have their shares, THEN they release their PRs, etc. and are ready for the ride?
I'd be interested to hear your thoughts please.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
Warped... you might have to look at how svxp got here. Created by cali by buying up marine salvage company, svxp might still be considered a sub of cali, even though the name change. The cali boys are running the financial behind the scenes because of their holdings in new company svxp... nothing mysterious or insidious here, just every day biz. The marine company itself looks solid, but you have to wonder what cali originals are thinking about with this merger. Is it another frontloading gig, do these cali guys really think a long profit run in salvage? Hopefully, the insiders aren't going to short all that stock they're buying up. It's legal, as long as the issues exists. We'll have to see what the pps is next week. Sometimes new issues just run up on interest alone. We'll see.
s5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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posted
LOL! Your reputation precedes you stockster . Thanks for your reply!
If stockster promises to behave himself, will you please give me your opinion of my question Rick?
Can someone explain to me how this works though... as far as why paperwork is submitted after the fact, not before, on these trades. I'm sorry stockster, I still don't understand.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
Sorry Warped, I was commenting on your 2nd paragraph about pr controlling. Hey, I'm not the one saying anything about owning percents of the comp Rick. No one can prove that about you so it's a wasted statement. So, I'm innocent on that one. WM, it does sit kind of uncomfortable that there is a delay, but seems normal routine. I'm a cali transfer holder. Had cali before salvage venture. I tend to look at company histories for r/s, multiple name changes and such. Also if a purchasing company issues heavy numbers of c stock right away. It also is interesting that a higher percent of penny companies have been filing about the Brehmen german exchange, naked shorts and creating shell companies who issue stock with no income or profit.
[ November 18, 2005, 01:14: Message edited by: stockster5 ]
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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Item 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS.
(a) Effective October 21, 2005, the Company changed its name from CALI Holdings Inc. to Sovereign Exploration Associates International Inc. (b) Effective October 11, 2005, the Company increased the authorized common shares of the Company to 250 Billion shares. That is a substantial o/s right from the get go. Well, now we have to wonder what to deduce from that. Your guess is as good as mine. Hey, I'm just a guy getting slapped upside the head with 2 more r/s and name changes in one week. Talk about seasick. S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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posted
AND, I'm not being negative, just bringing some DD about company backgrounds, Ricpick brings us all the cool and exciting stuff about the marine company, I'm looking in the wings.
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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posted
On a side note, just have to share this... My defenseman on my thursday over 100 (Hockey league goes by age) which was tonight. Just informed us he took a new position in Chicago. When I asked him what he'll be doing he said he's been a day trader for a decade full time and some company wanted to incorporate his trading systems that he designed in with their company. Isn't that the coolest synocracy. The guy's been sitting next to me all season, and if I knew this I would have been bugging the bejeebers out of him. He's going from 10's of thousands to millions of dollars per day of trading... the best part is he said he would give me some of his techniques and strategies. He trades stock, commodities and plays the pennies for grins. S5
-------------------- Eagles may soar, but weasels don't get sucked into jet engines....
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Newtown, Pa. -- The Canadian coast wreck site of a possible British gunboat believed to have been carrying White House and Capitol Building valuables looted by soldiers who invaded and burned the Washington, D.C. landmarks during the War of 1812 is being surveyed by divers, archaeologists and conservators from Artifact Conservation & Recovery, Inc. (ARC), a portfolio company of Sovereign Exploration Associates International, Inc. (SEAI), a Pennsylvania-based firm.
ARC has been conducting an archaeological survey of the site off the coast of Halifax, Nova Scotia, under an official Treasure Trove licensing agreement with the provincial government. Under the licensing agreement, the province will receive a 10 percent royalty on any official “treasure” recovered, including specie and artifacts. The remaining artifacts will belong to ARC.
The focus of the exploration has been the location where it is believed the Fantome, a French brig captured by the British in 1810 and used as a gunboat during the invasion of the Chesapeake in 1814, went down on November 24, 1814, three months after British troops invaded Washington, D.C. Surviving manifests for the Fantome indicate that it was carrying valuables taken from the White House and Capitol Building when it was lost on a reef of rocks near Prospect, some 20 miles southwest of Halifax, while escorting a convoy of ships.
Curtis Sprouse, COO of SEAI, says that no actual wooden ships from the period are left on the site, having long since disintegrated. The company hopes to find what remains of the ships’ historic cargo. Although items clearly linked to Washington, D.C. and the British Navy – including American coins and buttons from officers’ uniforms – already have been recovered, Sprouse says that neither the company’s independently retained chief marine archaeologist, James Sinclair, who worked on the wreck of the Titanic and other historic sites, nor its independent conservator, Ian Cross, is prepared to say the site of the Fantome itself has been pinpointed. The involvement of both Sinclair and Cross in the project has been approved by the Province of Nova Scotia. The company is dedicated to a careful, responsible excavation, he said, and has a 25-year record of meticulous marine exploration.
“We believe that the preservation and presentation of history is of utmost importance. We are proud of the approach we take to these sites,” Sprouse said. The War of 1812, often called “The Second American Revolution,” was prompted by British interference with U.S. sea trade with Europe. On August 24, 1814, British soldiers invaded Washington and looted and burned key government buildings, including the Capitol and White House. President James Madison’s wife, Dolley, managed to save a full-length portrait of George Washington and a few other possessions before fleeing the presidential mansion just prior to the soldiers’ arrival.
After the sacking of Washington, the British forces turned their attention north to Baltimore, whose famed clipper ships had harassed the British Navy and commercial fleet. British warships – including the Fantome – invaded the Chesapeake Bay. They unsuccessfully sought to bombard Baltimore’s Fort McHenry into submission with a relentless barrage of rockets, bombs and cannon fire from September 13 to early on September 14, 1814. The successful resistance of Fort McHenry – signaled by the sight of its mammoth flag still flying, inspired Francis Scott Key to write “The Star-Spangled Banner.” It is not known if the Fantome participated in the famous bombardment, but it retreated with the rest of the British flotilla following its failure to defeat the American troops on land or sea near Baltimore. British naval records describe the Fantome as “a fine French corvette brig letter of marque...with ports for twenty heavy carronades”, a short gun half the weight of an equivalent long gun. It carried a crew of 74. Although its role in the bombardment of Ft. McHenry is not clear, it did participate in the British attack on the Maryland city of Havre de Grace on May 2, 1814. Excavation of the possible Fantome site is just one of the projects being conducted by ARC and Sea Research, Inc. (SR), both portfolio companies of SEAI. ARC has been recovering substantial artifacts from the site of the wreck of Le Chameau, a French ship whose loss on August 27, 1725 may have altered the history of France’s colonies in Canada. Originally known as CALI Holdings, Inc., SEAI is a Business Development Corporation firm headquartered in Newtown, Pa. It became a public corporation in October (OTC BB: SVXP).
About Sovereign Exploration Associates International, Inc. Sovereign Exploration Associates International, Inc. (OTCBB:SVXP) is a Business Development Company under the Investment Company Act of 1940 undertaking shipwreck exploration and recovery initiatives. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXP has filed Form 8-K. 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.
---------------------------------------------- James Cavan Sr. VP, Business Development and Institutional Relations Sovereign Exploration Associates International; OTC BB: SVXP (603)236-2936
-------------------- May your trading build your character as well as your portfolio.
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posted
Sorry, I can not post the link. That is what I got in my email box today. I got it by signing up on the website at this link: http://www.sea-int.com/Contact/Register.asp
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posted
(Another one in my box today; this one was an attached PDF.)
Posted on Fri, Nov. 18, 2005
Shipwreck may hold loot from 1812 Washington By Edward Colimore Inquirer Staff Writer
Buttons from the uniforms of British officers and U.S.-minted coins.
The simple evidence found by a Newtown, Bucks County, company in the rough waters off Nova Scotia might not be conclusive, but together with the maritime record it makes a compelling case for the discovery of a historic treasure:
The wreck of the HMS Fantome and escort vessels, carrying valuables looted from the White House and Capitol by the British during the War of 1812.
Divers, archaeologists and conservators from the Newtown-based firm have been quietly working at the site over the last year and are preparing to begin full recovery operations.
The Fantome's manifests confirm it held the Washington plunder when it sank with several other ships in a convoy on a rocky reef near Prospect, about 20 miles southwest of Halifax.
Locals have long called the area Fantome Cove, said Curtis Sprouse, chief operating officer of Sovereign Exploration Associates International, based in Newtown. SEAI owns the company now surveying the site, Artifact Conservation and Recovery (ARC), also of Newtown.
Sprouse said the experts could not say with certainty that they had found the Fantome until they had fully evaluated artifacts and recovered others. The wooden ships at the site have long since disintegrated.
"But you can find cannon; the Fantome had unique cannon," he said. "You also will find a ship's bell, plaques and silverware with the impression of the ship."
ARC has been conducting a survey of the site under an official Treasure Trove licensing accord with the provincial government.
The province will receive a 10 percent royalty on any official treasure, including artifacts. The remaining items belong to ARC.
"We've been very quiet about this for a year while we did operations and raised funds for the work," said Sprouse, adding that the retrieval could continue for a year. "We have been examining the site and determining how we will do the recovery."
A Canadian filmmaker, John Wesley Chisholm, hopes to make a documentary about the site. He has criticized the operation and wants to change the law to prevent historic items from falling into private hands.
Sprouse said the team was conducting the recovery in a "scientific and highly professional manner." "We believe that the preservation and presentation of history is of utmost importance," he said.
Contact staff writer Edward Colimore at 856-779-3833 or ecolimore*phillynews.com. To comment, or to ask a question, go to http://go.philly.com/askcolimore.
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