there is ligt ,,, it was said,,,let there be light
co. is making progress in undr and the light will be bright ,,, very soon

There may be a small glimmer of light for us shareholders here.

The following relates to the two public companies in which we are involved:

Admiralty Holding Company (ADMH) - This company, formed in the late 1980s by most of the same individuals involved with UNDR...was originally purchased as a shell. Management lost control during April 2004, only to once again regain it on 05-30-07. A public ( pinksheets) company, its CEO is Herbert Leeming. Management of our other company, UNDR, created a licensing agreement with ADMH during 2009 relating to ATLIS. When taking back control of this company, we inherited an enormous amount of debt that came from the hedge fund called NIR Group located in Roslyn, NY. NIR did fund additional monies to ADMH but they stopped funding just when it was quite important for them to do so and that has resulted in an ongoing lawsuit.

Additionally...a major portion of the monies NIR did fund UNDR after we took back control was used to repay much of ADMH's outstanding debts. For the last number of years, NIR has been investigated by the SEC, FBI, IRS and the office of the NY State Attorney General for fraud and illicit operations. This lawsuit is close to nearing an end and the assets of NIR are being handled by a trustee in the Cayman Islands...with whom we are working to finalize all aspects to what appears to be much to our benefit. At its conclusion, we will be able to figure out the most appropriate way in which to combine shareholders of ADMH into what has now become UnderSea Recovery Corporation (UNDR ). ADMH has a shareholder base of some 2,500 people. Most, if not all of these shareholders, already know about UNDR. At some point in time, ADMH shareholders will become UNDR shareholders, but this is a constantly moving target and we are not yet able to project when that will take place...but feel it will be sooner than later. In any event, it will either be merged into UNDR or shareholders will become UNDR shareholders on some yet-to-be-created basis.

UnderSea Recovery Corporation (UNDR) is our other public company and the main one in which we are involved and the one in which you bought shares. It was purchased as a shell seven years ago. I suggest going to the website that is continuously upgraded www.undersearecovery.com. Take a look and read-thru it. As with ADMH, Herbert Leeming is also CEO of this company.

OUR UNIQUE TECHNOLOGY
The main focus of UNDR is our technology known as ATLIS, currently owned by ADMH...which we also control 100%. We have complete operational control of this because of a licensing agreement (and our management also controls both companies that were party to this agreement). ADMH licensed this technology to LGAL during early 2009 and has complete and exclusive control of it. Besides...our scientist (originally the senior research physicist from Georgia Tech Institute of Technology) developed this technology. We currently have five patents.

Now that is some serious fraud! Trying to remember how this relates to ADMH? Didn't NIR file a suit against ADMH years ago?

http://www.sec.gov/litigation/complaints/2011/comp22106.pdf

Hey doinit,

i see mergers all the time where there are no audits.

If they take the assets, then they have to take the shareholders or risk legal issues from the SEC and ADMH shareholders.

I would think they would want to do the merger. That would out the assets in one place, and it also they would look very good in the eyes of investors.

o.k. on dat stuff. how would SS change?

will they actually merge them or will they move assets from admh over to undr
,,, doesn't a full auditing , etc. have to be done for a merger ??????

I suppose soon as we see that the NIR lawsuit is either thrown out, dropped, or settled.

Any 10 cents as to time frame for that,very ball park will do??

I spoke to the UNDR IR guy, and he says that they will merge ADMH and UNDR once the NIR lawsuit is over.

i believe so. i think just a license to UNDR.

Hey mick,

ADMH holds the patents last time I checked.

According to my account ADMH is FINISHED.

What a POS the company is.

sorry about you losing money ..I'm lucky, not much in this, so I can let it sit for ever if need be..

hope people got out,before the company took their money..

at pinks no longer got info there;

so ADMH IS in UNDR assets?

re;
re ADMH & LGAL (now UNDR) -

news yesterday won part one of suit...now for lgal? or undr?


Quote:
--------------------------------------------------------------------------------
Just seems the logical thing to me. Here's my line of thinking.

#1. ADMH holds the patents.

#2. Imo they will win the NIR Lawsuit. That would remove 5MM in debt all at once, and therefore could make them virtually debt free.

#3. As long as the lawsuit is active, I don't believe there is any way in the world they will merge the companies, or dilute the shares.

#4. As long as they owe the transfer agent money, they can do nothing to the shares.

#5. From the LGAL PR's, we know that ADMH is set to recieve 10% for use of the technology. That could be a whole lot of cheese (income) for ADMH, with very little overhead (expenditures).

#6. Any good news out of LGAL is good news for ADMH. Biggest advantange for the ADMH investor, however is that they cannot dilute ADMH.

#7. ADMH is a triple zero sub, but looks to only have about 300MM outstanding. That number certainly works for me.

Now, the one caveat I have to mention is that for ADMH to ever really do well, LGAL has to announce something good. If they do not then I think it unlikely that it will ever get out of the subs.

I'm not sure what it really means. I would read it as the stock symbol and trading privileges are revoked. There still has to be a company/entity that owns the patents and ship. I have to imagine that it will come back to life if/when things get rolling with UNDR. All IMO...this is new to me.

'Toast'...Dead-&-Buried...ADMH no longer exists !

My condolenscences 2 you guys...
I took a beating here last year myself.

Better luck next time & GL2us all !

So "revoked " means ..the stock is done ?

ADMH She's trading eom

UnderSea Recovery Corporation Announces Dismissal of Action by NIR Funds Against Its CEO

ATLANTA, Mar 25, 2011 (GlobeNewswire via COMTEX) -- UnderSea Recovery Corporation ("UnderSea") (Pink Sheets:UNDR) is pleased to announce that Herbert Leeming's motion for dismissal of the Complaint by the NIR Funds against him have been dismissed with prejudice by the Supreme Court of the State of New York, County of New York.
A similar motion has been filed by UnderSea to dismiss the Complaint by the NIR Funds against it, and the Company is confident that this motion will be granted.

In making this announcement, Mr. Leeming, UnderSea's CEO, stated: "I am obviously delighted with this ruling by the Court dismissing the claims by the NIR Funds against me. I am also confident that the claims against UnderSea will likewise be dismissed."

About the Company

UnderSea is engaged in the business of locating and recovering historical shipwrecks, primarily those from the 15th through 19th centuries, and other cultural resources (artifacts and other objects of historical and archaeological interest) from the world's oceans and large lakes by applying advanced technologies in an environmentally and ecologically responsible manner.

Forward-Looking Statements Caution:

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: UnderSea Recovery Corporation


By Staff

CONTACT: CONTACT: UnderSea Recovery Corporation
Bobby Goldman, Business Development Manager
212-628-8777
bobby777@rcn.com

(404) 826-1164
P.O. Box 28961
Atlanta, GA 30358

(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
-0-

INDUSTRY KEYWORD: Marine Transport
SUBJECT CODE: ENVIRONMENT
SCIENCE
LEGAL
Law & Legal Issues

ADMH : revoked :

http://www.sec.gov/litigation/admin/2011/34-64125.pdf

my bad - post corrected.

Oh..I do apologize..can you provide a link?

re ADMH -

they have both stocks in a real mess now. ADMH holds the patents, which are now in big jeopardy.

Correct. ADMH never filed termination of filing form. Thus suspended. Look at their filings. I think it is a 15d or something they needed to file if there were going to go dark.

It's put-up or shut-up time for Admiralty .

If they file Fins they have a chance .

If they won't file Fins there will be an SEC Lit Filing application to revoke .

Admiralty's choice .

Renee thanks. Seems things have changed with OTC.

I don't know anything about Admiralty , but if they were once an SEC reporting OTCBB and if they did not file to de-register from the OTCBB then that could be the SEC's context .

Pinks that do not file Fins for a few years also get the nasty warning to file Fins with the OTC or face revocation .

Companies that file nothing deserve to be suspended and revoked .

File ....no excuses !!

I thought ADMH is a pink sheet? Used to OTCBB that requires 10q and 10k file but not OTC? If a pink sheet OTC there is no requirement to file? So all that should happen is they stay on pinks?

Admiralty Holding was suspended for failure to file Financials since 2006 . No other charges were made by the SEC , but if Admiralty does not quickly file their delinquent Fins there will be an SEC Filing to a Judge to have ADMH revoked .

This is not the SEC's fault . The SEC should have suspended ADMH years ago for not filing Fins as they should do for EVERY security that does not minimally file yearly Fins .

Admiralty Holding Co. (“ADMH”) 1 (CIK No. 85684) is a delinquent Colorado corporation located in Atlanta, Georgia with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). ADMH is delinquent in its periodic filings with the Commission , having not filed any periodic reports since it filed a Form 10-QSB for the period ended September 30, 2006, which reported a net loss of $2,282,063 for the prior nine months.

One they do this like death sentence. Sec this and last year along with DTCC seem to be doing this more. One thing about Sec and DTCC they treat a stock as guilty even before any court or judge does. They punish like they are the judge.

SEC Suspension :

http://www.sec.gov/litigation/suspensions/2011/34-64067.pdf

http://www.sec.gov/litigation/admin/2011/34-64068.pdf

re ADMH -

still looking for an effect.

Creede thank you.

re ADMH & LGAL (now UNDR) -

Please explain the connection to ADMH and how this helps us. We never see any news for ADMH.

UnderSea Recovery Corporation Announces Haiti Update


ATLANTA, Feb. 17, 2011 (GLOBE NEWSWIRE) -- UnderSea Recovery Corporation ("UnderSea") (Pink Sheets:UNDR - News) announced today that it has received new assurances from high-ranking Haitian officials that it will be awarded the much sought after national permit to search for and recover historic shipwrecks in Haitian waters. However, UnderSea was advised that it would need to wait for the issuance until the new President of Haiti is elected. The run-off presidential election is now slated for March 20, 2011, with election results expected to be announced in mid-April and the newly elected President expected to take office shortly thereafter.

In making this announcement, Herbert C. Leeming, UnderSea's CEO, stated: "We are fully confident that our perseverance and hard work in Haiti will pay off this spring with the issuance of the permit. Assuming that to be the case, we still believe we can get in Haitian waters on a major shipwreck project this year, which is our primary objective. Additionally, we are now setting up meetings with other Caribbean countries with a view to securing other permits."

About the Company

UnderSea is engaged in the business of locating and recovering historical shipwrecks, primarily those from the 15th through 19th centuries, and other cultural resources (artifacts and other objects of historical and archaeological interest) from the world's oceans and large lakes by applying advanced technologies in an environmentally and ecologically responsible manner.

Forward-Looking Statements Caution:

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



Contact:

UnderSea Recovery Corporation
Bobby Goldman, Business Development Manager
212-628-8777
bobby777@rcn.com
(404) 826-1164
P.O. Box 28961
Atlanta, GA 30358

Thanks nuke. Just a matter of time before ADMH starts getting some attention, imvho.

UnderSea Recovery Corporation ("UnderSea") (Pink Sheets:UNDR) is pleased to announce that its reporting status has been upgraded to "Current Information" on the OTC Pink Market, the highest level of the OTC Pink Market.

As a result, the Stop Sign and "No Information" caveats from our trading symbol have been removed and replaced with the "Current Information" designation and symbol.

UnderSea was able to achieve this upgrade by posting a detailed disclosure document (our Initial Information and Disclosure Statement), together with financial statements for the past three years and an Attorney Letter with respect to Adequate Current Information, on the OTC Disclosure and News Service in compliance with the OTC Markets Group's rigorous "Guidelines for Publishing Adequate Current Information."

One indication of the trading benefits and market value typically associated with such an upgrade is documented in a comparison of "Current Information" companies with "No Information" companies, in terms of annual trading volume. Last year, the average trading volume for a "Current Information" security was 73 times greater than the average volume for a "No Information" security ($45,000,000 as compared with $617,000).

In making this announcement, Herbert C. Leeming, UnderSea's CEO, stated: "We are truly delighted with our upgraded reporting status and the greater transparency which will result from this achievement. We are fully confident that our new status will enhance investor confidence in UnderSea and enable us to more readily access institutional and individual sources of capital and expand our stockholder base. We also plan to move forward with registering with the SEC later this year."

About the Company

UnderSea is engaged in the business of locating and recovering historical shipwrecks, primarily those from the 15th through 19th centuries, and other cultural resources (artifacts and other objects of historical and archaeological interest) from the world's oceans and large lakes by applying advanced technologies in an environmentally and ecologically responsible manner.

Forward-Looking Statements Caution:

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: UnderSea Recovery Corporation
Bobby Goldman, Business Development Manager
212-628-8777
bobby777@rcn.com

(404) 826-1164
P.O. Box 28961
Atlanta, GA 30358

http://www2.barchart.com/quotes/stocks/admh

UNDR doing well today.

News out for UNDR:

http://www.otcmarkets.com/stock/UNDR/news?id=26651&b=y

re ADMH -

thanks realcockney.

I'm feeling pretty confident that sooner or later that "TPL effect" will happen for ADMH, since UNDR seems intent upon putting out news and otc reports.

Excellent analysis

re ADMH/UNDR -

per page 9 of this document, UNDR expects to sign an agreement with Haiti by the end of Q1 2011.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=43605

re ADMH/UNDR -

imo ADMH is the mother ship.

Here's my line of thinking.

#1. ADMH owns the patents.

#2. Imo they will win the NIR Lawsuit. That would remove 5MM in debt all at once, and therefore could make them virtually debt free.

#3. As long as the lawsuit is active, I don't believe there is any way in the world they will merge the companies, or dilute the shares.

#4. As long as they owe the transfer agent money, they can do nothing to the shares.

#5. From the LGAL PR's, we know that ADMH is set to recieve 10% for use of the technology. That could be a whole lot of cheese (income) for ADMH, with very little overhead (expenditures).

#6. Imo, any good news out of LGAL is good news for ADMH. Biggest advantange for the ADMH investor, however is that they cannot dilute ADMH.

#7. ADMH is a triple zero sub, but looks to only have about 300MM outstanding. That number certainly works for me.

Now, the one caveat I have to mention is that for ADMH to ever really do well, LGAL has to announce something good. If they do not then I think it unlikely that it will ever get out of the subs.

I bought a little yesterday also ..strange trading stock..

loading up.

Surprised it took so long to hit actually. There were 6 filings released by UNDR the sister ship, which had massive volume today.

http://www.otcmarkets.com/stock/UNDR/financials