With business travel to Florida pending in early February, I thought it might be an interesting fantasy to consider a visit to Key West and Mel Fisher's laboratories. Well, it's do-able. I did identify myself as a member of Pearl-Guide.com with a special interest in natural pearls, and was authorized to post this information here.
Here's how it works: Mel Fisher's continuing recovery of treasures from the Atocha and Sta Margarita is financed by an investment plan, $80,000 per year per share, with the maximum annual number of shares being 150 (there are 35 shares still available in the current campaign). Minimum investment is 1/8 share, or $10K. Treasure is randomly allocated at the end of the investment cycle, paying 100% to investors until their investment level is reached, thereafter at 65/35 in favor of Mel Fisher, Fisher's treasure offered for sale to the public through Fisher outlets.
With 6,000 to 8,000 pearls between 150 investors, even random allocation will assure investors of at least a few pearls, and there are apparently systems in place for investors to trade their allocations. No mechanism appears to be in place for the investors to actually choose the pearls they would receive. Such a process could not occur until the pearls are offered for subsequent resale.
I have been invited to view the pearls in the Key West laboratory. Should I change my travel plans? Would anyone want to join me?
Steve