Jeff K
16 years ago
Form 8-K for SOVEREIGN EXPLORATION ASSOCIATES INTERNATIONAL, INC.
--------------------------------------------------------------------------------
20-Mar-2009
Other Events
Item 8.01 Other Events
Sovereign Exploration Associates International, Inc. (the "Company") has filed a Form 15 today with the Securities and Exchange Commission ("SEC") to voluntarily deregister its common stock. The Company is eligible to deregister because it has fewer than 300 holders of record of its common stock. In filing the Form 15, the Company's obligations to file certain reports and forms with the SEC, including Forms 10-K, 10-Q and 8-K, are immediately suspended. The Company expects that deregistration of its common stock will become effective within 90 days.
The Company is deregistering because it believes that the incremental cost of compliance with the Sarbanes-Oxley Act of 2002 and other public company reporting requirements does not provide a discernable benefit to the Company and is not in the best interests of its shareholders. Factors influencing the Company's decision include the following:
- The high accounting, legal and administrative costs of preparing and filing periodic reports and other filings with the SEC in comparison to the size of the Company.
- The need for senior management of the Company to devote more time to the business of the Company.
- The need to maintain the confidentiality of sensitive business information that would otherwise require SEC disclosure.
- The already limited trading in the Company's common stock..
- The fact that current trading prices of the common stock make it unlikely that the Company could effectively use its common stock to compensate employees, raise capital or make acquisitions.
As a result of this action, the Company's common stock will cease to be eligible to be traded on the Over-the-Counter Bulletin Board. The Company's securities will continue to be quoted on the Pink Sheets, but the Company can make no assurance that any broker will continue to make a market in the Company's common stock.
The Tooth Fairy
16 years ago
Sovereign Exploration Associates International, Inc. Announces Positive Early Results in Nova Scotia Recovery Operations
NEWTOWN, PA -- (Marketwire) -- 09/19/08 -- Sovereign Exploration Associates International, Inc. (OTCBB: SVXA), a maritime asset recovery company, today announced positive early results in recovery operations off the coast of Nova Scotia.
The Company received a recovery permit for this site from the appropriate Nova Scotia Government officials earlier this year.
"We are excited about the coins and artifacts we have located at such an early stage in our operations, despite the challenging weather conditions brought on by the remnants of two hurricanes. In the last 3 weeks of diving, we have already discovered silver and gold coins, silverware, a large ingot, and other artifacts. We have also located several concretion areas that we believe contain additional valuable material, which the divers have simply not had the time to bring to the surface," stated Captain Robert Mackinnon, who heads Sovereign's Nova Scotia operations.
Peter Knollenberg, Chairman of SVXA, said, "Towards the end of August, the company initiated recovery operations on one of our more historically documented wreck sites, and which we believe contain a vast amount of coins and artifacts that have not yet been discovered. With an expanded dive crew, and new methods of detection which the company is employing, we believe this project will be significant, both in financial reward and historical contribution."
About Sovereign Exploration Associates International, Inc.
Sovereign Exploration Associates International, Inc. is a maritime exploration company that researches, digitally maps, records, and recovers and conserves artifacts from shipwreck sites. The Company is diversified into other marine related businesses. Through its wholly owned subsidiaries, Lavelle Holdings, Inc., and REDS Caribbean, LTD., Sovereign provides subsea marine consulting services and offshore project management services.
The Company cannot guarantee or give any other level of assurance that the shipwrecks or cargoes mentioned above will be located and/or recovered nor that a claim of ownership might be made against the shipwreck or its cargo by any sovereign authority or company. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXA has filed form 8-K if required. For more information on the company, please visit www.sea-int.com.
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as the term is defined in the Private Securities Litigation Reform Act of 1995. The company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release the Company will appropriately inform the public.
Company Contact:
Robert D. Baca
President & CEO
215.968.0200
DBrunner
16 years ago
The PCGS (Professional Coin Grading Service) site tends to bear out what you say.
Their values for more common coins are said to be a bit on the fluffy side (like saying my 1872 I.H. penny is worth $90 when $80 would be closer).
But they have very serious values for 1804 Mint-State silver dollars--a coin year which did not enter circulation (but not because the British stole all of them 8 years later from the U.S. Treasury).
Serious values like $3,500,000 to $7,500,000, with the lower end much more likely. It depends on what kind of shape the coins are. None will be Proofs (the upper value).
Thanks for the info. I hadn't guessed they'd all be one year.
The Tooth Fairy
16 years ago
Sovereign Exploration Associates International, Inc. Announces Recovery Permit Approval for Valuable Site Off the Coast of Nova Scotia
Wednesday May 7, 8:30 am ET
NEWTOWN, PA--(MARKET WIRE)--May 7, 2008 -- Sovereign Exploration Associates International, Inc. (OTC BB:SVXA.OB - News), a maritime asset recovery and subsea construction management company, today announced it had received recovery permit approval from the appropriate Nova Scotia Government officials for one of their more valuable sites.
ADVERTISEMENT
"We are very pleased to receive the recovery permit for this area off the coast of Nova Scotia. We appreciate the cooperation and support from the proper authorities in granting us permission to proceed. We believe this site contains a large discontinuous assemblage of coins and maritime artifacts," stated Peter Knollenberg, Chairman of Sovereign.
Based on the Company's extensive research and reconnaissance dives it determined the larger portion of the wreckage site is in deeper waters. "Sovereign now has access to very experienced deep water hard-hat divers through our acquisition of an important ownership interest in REDS Caribbean LTD. The company is a commercial deepwater diving and engineering company based in Trinidad that now provides us with the in-house capability to perform deep water operations," explained Robert Baca, Sovereign's President & CEO.
"The combination of our first hand coastal knowledge, recent subsea mapping utilizing the latest developments in sensing technology, and the many reconnaissance hours spent on the site by our North American divers coupled with the deepwater experience of our REDS Caribbean divers has me very excited and optimistic about this recovery season. Never before has such a professional, technical and experienced team of divers, archeologists and curator been assembled here for such an important recovery operation. This is a very large project to bring history from the depths of the ocean to benefit the people of Nova Scotia, Sovereign and the general public at large," stated Captain Robert MacKinnon, who heads Sovereign's Nova Scotia operations.
About Sovereign Exploration Associates International, Inc.
Sovereign Exploration Associates International, Inc. is a maritime exploration company that researches, digitally maps, records, and recovers and conserves artifacts from shipwreck sites. The Company is diversified into other marine related businesses. Through its wholly owned subsidiaries, Lavelle Holdings, Inc., and Ocean King Overseas Limited, Sovereign provides subsea marine consulting services, offshore project management and engineering, procurement and construction.
The Company cannot guarantee or give any other level of assurance that the shipwrecks or cargoes mentioned above will be located and/or recovered nor that a claim of ownership might be made against the shipwreck or its cargo by any sovereign authority or company. Pursuant to Section 13 or 15(d) of the Security Exchange Act of 1934, SVXA has filed form 8-K if required. For more information on the company, please visit www.sea-int.com.
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as the term is defined in the Private Securities Litigation Reform Act of 1995. The company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release the Company will appropriately inform the public.
Contact:
Company Contact:
Robert D. Baca
President & CEO
215.968.0200
The Tooth Fairy
17 years ago
Videos of CEOs From National Investment Conference Presented by SCIA -- Southern California Investment Association in Newport Beach, CA
Southern California Investment Association, Inc. videos of CEOs and management presenting their pans for growth and opportunity may be viewed at www.sciaonline.org under View Recent Presenters.
Ault Glazer & Co., Inc. - (PINKSHEETS: AULT) - www.aultglazer.com;
Big Apple Consulting USA, Inc. - www.bigappleconsulting.com;
BioFuels Energy LLC - www.biofuelsenergyllc.com;
BOOMj.com (Video not available at request of CEO) - (OTCBB: BOMJ) - www.boomj.com;
Earth Biofuels, Inc. - (OTCBB: EBOF) - www.earthbiofuels.com;
Go Healthy, Inc. - www.go-energy-recovery.com;
IDGlobal Corp. - (PINKSHEETS: IDGJ) - www.idglobalcorp.com;
Integrative Health Technologies, Inc. - (PINKSHEETS: IHTI) - www.ihtglobal.com;
JJ Pharma - www.jjpharma.com;
Leading Ventures - www.leadingventures.com;
Signature Devices, Inc. - (PINKSHEETS: SDVI) - www.signaturedevices.com;
Sovereign Exploration Associates International, Inc. - (OTCBB: SVXA) - www.sea-int.com;
TexCom, Inc. - (PINKSHEETS: TEXC) - www.texcomresources.com;
US Farms, Inc. - (OTCBB: USFI) - www.usfarmsinc.com - (video not released);
Jairek Robbins, Peak Performance Strategist - www.tonyrobbins.com - spoke on physiology used by the world's top achievers.
About Southern California Investment Association:
SCIA National Small Cap Syndicate is a comprehensive national organization developed to facilitate stock support and capital formation for small and emerging-growth companies. The alliance consists of almost 200 influential member firms plus associates including FINRA broker/dealers, bankers, investment advisors, analysts, market makers, venture capitalists, fund managers, media and accredited investors. The syndicate provides equity and debt financing, institutional and retail stock support, market making, and mergers and more. The SCIA syndicate has been instrumental in funding over $100 million per year since 2000 and has introduced many of the good companies available in the markets.
2008 SCIA Conference Schedule Continues: Saturday June 14, August 9. October 11 and December 13. Companies desiring support or funding are invited to register at least one month in advance.
Gold Sponsors:
Continental Stock Transfer & Trust Co., Great Value with Flawless Executions, www.continentalstock.com; Corporate Capital Advisors, IPO's, Reverses, PIPE's and Capital Solutions www.capitalforum.org; Tow Law and Associates, Capital Formation, Mergers & Acquisitions, www.towlaw.com;
Associate Sponsors:
Corporate PR & Media Value Leader, Marketwire, www.marketwire.com.
Bronze Member Club:
Preferred Corporate Services, Inc. - www.prefrd.com;
Securities Compliance Control, LLC - www.sccllc.net.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Expect the Best
Cherry Lassen
CEO
949-922-3003
Email Contact
PepsiMan
17 years ago
Court finds permit refusal for treasure hunters unfair
Last Updated: Thursday, April 3, 2008 | 12:03 PM
CBC News
A legal decision has revived the hopes of a treasure hunting company in Cape Breton that wants to dive for a wreck possibly containing artifacts plundered from the White House nearly 200 years ago.
The Nova Scotia Supreme Court has ruled that Le Chameau Exploration Ltd. and its partners should have been given an opportunity to argue its case before it was denied a recovery permit.
The company wants to explore a site off Nova Scotia that is believed to contain the wreck of HMS Fantome, a British naval vessel that escorted ships from Maine to Halifax in 1814.
Fantome is said to have carried silver and china looted from the White House during the War of 1812.
An application by Le Chameau to dive off Prospect was opposed by the British government, and the Nova Scotia Museum subsequently refused to issue a recovery permit.
Gary Cursano, lawyer for Le Chameau, said Britain claimed it had jurisdiction.
"They argued that the Fantome was a British ship, therefore, if it sunk in Nova Scotia waters in 1814, then because it was a naval vessel, then they would still have jurisdiction and rights over the ship," he said Wednesday.
In a written decision, the court said the British claim should not have been accepted without question and the company should have been allowed to state its case.
Le Chameau is waiting to hear when it can do so.