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Registration Statement of Treasure Hunters Suspended Based on Valuation and Accounting Issues

In the Matter of Seahawk Deep Ocean Technology, Inc.

1993

Successful litigation of a stop-order proceeding against an incorporated treasure hunter that had registered shares of common stock offered for sale by it and by certain shareholders. The SEC alleged that Spanish-colonial era artifacts recovered by the company and listed on its balance sheet and in other financial information were overvalued.

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Registration Statement of Treasure Hunters Suspended Based on Valuation and Accounting Issues

In the Matter of Seahawk Deep Ocean Technology, Inc.

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