Attracting Investors WW2 Salvage

[neilcox1204]

Hi All,

i have a project ongoing to salvage some WW2 German Items from a shipwreck, the project will be covered by the History Channel.

I have some investors already but has anyone on here got any experience in attracting new investors and what is the best way to structure the financial side of thing with regard to return on their investment?

I was thinking of setting it up so i sell 20 shares at a fixed price and a % of the profit would be split between these 20 shares. Any other suggestions on the best way to do it are welcome.

 

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[ToddsPoint]

What do you think is on the ship worth salvaging? Gary

 

[neilcox1204]

What do you think is on the ship worth salvaging? Gary

Some very rare German vehicles and equipment.

 

[Mackaydon]

Do you have a boat, equipment, crew, permit to salvage, permit to sell the artifacts?
Do you have a lawyer who will prepare contracts? Do you have a budget?
Have you been to the wreck? How have you appraised what might be salvaged?
The 'pie' contains only 100%; how do you propose to slice it up between, the government, equipment suppliers, the owner of the salvage vessel, the investors; and key people in your group including yourself?
Don.....
Welcome to treasurenet !!

 

[Crow]

Some very rare German vehicles and equipment.

Is it German World War II steamer Karlsruhe by any chance?

Crow

 

[BillA]

almost certainly, can you imagine the lawsuits to derive?
equipment my but
t

nc may get his footage, the investors ulcers

 

[Treasure_Hunter]

Hi All,

i have a project ongoing to salvage some WW2 German Items from a shipwreck, the project will be covered by the History Channel.

I have some investors already but has anyone on here got any experience in attracting new investors and what is the best way to structure the financial side of thing with regard to return on their investment?

I was thinking of setting it up so i sell 20 shares at a fixed price and a % of the profit would be split between these 20 shares. Any other suggestions on the best way to do it are welcome.

Just FYI, please remember TreasureNet can not be used in any way to raise funds for a project. Asking advice is allowed, soliciting funds in any way is not.

 

[GoDeep]

Hi All,

i have a project ongoing to salvage some WW2 German Items from a shipwreck, the project will be covered by the History Channel.

You already have a signed contract with the History Channel, before even securing the funds and means to recover it?

 

[neilcox1204]

You already have a signed contract with the History Channel, before even securing the funds and means to recover it?

I have funds in place from some investors but maybe looking to add a couple more, what im really after is advice from other people who have done these kind of projects about how they actually structured the payout to investors say for instance one investor want to put in $100,000 and another half of this amount, also do i offer them a fixed return % or a share of the final profit of the project.

As the vehicles are rare they could sell for much more than the figure i have put on them value wise.

 

[neilcox1204]

Is it German World War II steamer Karlsruhe by any chance?

Crow

No its a different vessel, i do know about the Karlsruhe though.

 

[neilcox1204]

Do you have a boat, equipment, crew, permit to salvage, permit to sell the artifacts?
Do you have a lawyer who will prepare contracts? Do you have a budget?
Have you been to the wreck? How have you appraised what might be salvaged?
The 'pie' contains only 100%; how do you propose to slice it up between, the government, equipment suppliers, the owner of the salvage vessel, the investors; and key people in your group including yourself?
Don.....

Welcome to treasurenet !!

I Have permits and I purchased the salvage rights to the wreck. Already have a core salvage team in place as the project has taken 5 years to get to this point.

 

[neilcox1204]

Fully Understood about the rules on here, looking for advice on here only.

 

[Mackaydon]

If you offer your investor(s) a 'fixed return' (a guaranteed return), are you offering them collateral in a form they can easily obtain and sell to get their 'fixed return' in the event your project produces no net income?
If I were a potential investor, I'd want to approve how "net profit" is defined before investing $.
Don....

 

[RTR]

What condition will these "vehicles" be in after 80 years on the ocean floor

 

[Mackaydon]

What if additional capital is required, what 'piece of the pie' will that investor receive or would it be an unsecured loan, backed by your financial statement.

I would not prioritize the return to one investor over another investor (though you may choose to guarantee an investor his return from your slice of the pie or personal assets.) Otherwise, each investor would participate proportionately in whatever 'net' is realized.
Don....

 

[Doubter in MD]

Consult a lawyer/law firm to work out the details. You're going to need them anyway.

 

[Mackaydon]

CROW, do you think the real target on your suggested vessel is the 'Amber Room'?
Don....

 

[Tpmetal]

CROW, do you think the real target on your suggested vessel is the 'Amber Room'?
Don....

Wouldn't that be cool, would have loved to see that in its original form.