Mel Fisher Expedition Investment opportunity

[fmblizz]

I have been concidering buying into the Mel Fisher Expedition. The minimum fee is a 1/8th share for the amount of $10,000.

Anyone in this forum have any oppinion on this venture?? I know that they have been diving on both the Atocha and the Margaite for quite a few years now and for me 10k is nothing to sneeze at.

Any oppinions on this topic would be greatly appreciated.

fmblizz

[Trembull]

I know that they have been diving on both the Atocha and the Margaite for quite a few years now

fmblizz

My two cents
Hey If you got the coin, Then go with them after sunken coin..
They have a third wreck there starting
http://www.melfisher.com/Investors/InvHome.asp

[Jason in Enid]

If you want to do it for the experience, and you can afford it, then go for it. Read the fine print. The most you will get back is something equal to your entrance cost. So you won't ever "hit the jackpot". The best you can hope for is to break even.

[aquanut]

Save your money.
Aquanut

[jeff k]

Save your money.
Aquanut

DITTO!

[CanadianTrout]

So you won't ever "hit the jackpot". The best you can hope for is to break even.

How does that work? I mean if you're a millionaire and get your jollies with shipwrecks etc then whatever, right?

But if it's an "investment" as they advertise, does that not imply a potential "return". So they are asking for your money but can only promise, at the best, to give back only what you put in? How does that work?

I'm surprised anyone "invests"...

[Teredo Navalis]

Better chance with buying a lottery ticket. Word is they are struggling and become desperate.

[mad4wrecks]

For answers to specific questions about the investment, possible return etc...I would go directly to the Fisher organization and not rely on information you may get here. They will be straight forward with you.

I do know investors may dive on the wreck sites, sift for emeralds, get personal tours of the museum and participate in other activities in Key West...experiences that many current investors have described as "priceless."

Tom

[CanadianTrout]

Thanks Tom, good solid honest info

[cornelis 816]

Aquanut gave you the best advice . I would add , that when you have that kind of money go do some diving yourself . If you want a place to dive , why not check the south west coast of Florida . Especially the area to the north west of the Marquesas . Just my idea . Cornelius

[dagfoto]

yup .. take the money and spend it here ..

http://coins.ha.com/common/search_re..._catalogbrowse

[FISHEYE]

The fishers inflate their coin and artifact prices to sell.Save your money and invest in a small crew working the 1715 fleets or some other wrecks.If you invest with anyone other than the fishers you will get a higher return.10k with the fishers will last about 3 days blowing holes and other expenses.10k with a small crew would last 2 months and 100 holes later plus many finds.

[cornelis 816]

Hey Fisheye , you said it my man . Cornelius

[Hangingfor8]

The 1715's wrecks still have a lot of wealth to be found. Our group was privately funded by myself and my partner this year, but we might be willing to take on an investor. If you're interested PM me and we can talk about the details.
Will

[cornelis 816]

I advice anybody before investing in any venture to ask for : do you have a permit ? How much have you found on the claim ? What percentage of new founds are mine ? Have this notarized ! Cornelius

[Hangingfor8]

Cornelius is right. Well said.

[graffixgirl]

The 1715's wrecks still have a lot of wealth to be found. Our group was privately funded by myself and my partner this year, but we might be willing to take on an investor. If you're interested PM me and we can talk about the details.
Will

If I had the money I would put my money on hangingfor8. I was with him the day he found a rolex that never made banner. Honest as the day is long. and relentless and obsessive compulsive about details and research. He is right about the 1715 swag!

[saltydog1733]

and here comes graffixgirl out of left field! hangingfor8....nice 'ringer.'

[Hangingfor8]

I've hunted with Graphixgirl and she's a good person. I respect her and I'll gladly except her praise.

[Bum Luck]

If you want to do it for the experience, and you can afford it, then go for it. Read the fine print. The most you will get back is something equal to your entrance cost. So you won't ever "hit the jackpot". The best you can hope for is to break even.

1985 was the jackpot year for investors, you never know when the next one comes.

Diving with the team as an investor is a great experience, but if $10 grand is a lot for you, pass it up - but don't put it in my stocks either - you'd be better off with Mel.