The International Business Times reports of new developments regarding the mysterious object found beneath the ocean near Sweden. As earlier reported, the "UFO" was found by the Swedish company Ocean Explorer led by businessman Peter Lindberg.

Although Lindberg stated that he had no interest in exploring the underwater object, he and his team speculate that it might have been a building that was built during the ice age. They say that the "partially destroyed" structure might have had a lower entrance level with a "honeycomb" center.
Ocean Explorer is currently conducting a fundraiser in hopes that others might make a further study of the object. "Original polo shirt from Ocean Explorer Team" are on sale on their website via PayPal.