Odyssey Marine Exploration, Inc. (OMEX)

The 'Black Swan" treasure was never part of OMEX' balance sheet.

They may very well end up with it, despite a magistrate's reccomendation.

"Is there a psychic on board'-'hello"? Maybe greed or opportunity got to this one, ~without ever thinking "shark frenzy!"

A magistrate is not a judge (as being reported) and his decision is not a court ruling or order; it is merely a recommendation to the judge. With all the attention this case is getting, the judge will look long and hard at the facts and law before making a ruling with his name on it.

This one is not my usual CAPS pick, but it does have a shot at a reversal of the outrageous decision by the Federal Magistrate who stole their their shipwreck treasure and gave it to Spain, which did nothing over the last 206 years since the wreck to show an interest in finding the ship or its contents until somebody else went to all the expense and trouble to find it for them. What a travesty; a perverted joke that should be overturned and may well be. Folk hero and treasure diver Mel Fisher of "Atocha" fame got his day in court and won it all in a Supreme Court reversal in 1986 or thereabouts. Is a wreck from 1803 so recent that the concept applied to the 1622 wreck is so radically different?
Anyway, that $400,000,000 will improve Odyssey's balance sheet some, since it is larger than its book value by ten times over. Worth a risk.
Buried treasure is more fun to follow than "suits" on Wall Street day after day.
Buy!

Losing the Spanish treasure hurt but they have reasonable grounds for appeal. A reasonable gamble at this point.

playing the rebound

They seem to have a lot of discoveries that they are just waiting to monetize, the half-billion of Spanish gold being the biggest but riskiest.
I don't like all the preferred stock they've issued, but it doesn't look too terrible to my untrained eyes. I could be wrong, and all those future profits I'm looking at will belong to the preferred holders.
I bought some at $3.51. Very speculative!

Expect several good finds will start to pay off over the coming year.

i bought 500 shares 4 or 5 years for .50 a share and sold for 5 something a few years later. they will not have a have a large problem getting custody of most of the hms victory"s find as the uk and many peoplle whose name starts with sir are very interested in this find. and a possible billion worth of gold goes a lon way even if split a few ways

MTA,STV,8>50,Min21>63,C>mxH3.1,Price<10

If you are reflexively against/short this stock/company, you don't understand them. If are long this company and haven't read Kinder's, "Ship of Gold", then you are foolishly/uninformedly long. I think this speculative play is ready to buy.

Doing the math on the ship wrecks they already, have it doesn't seem like existing finds are paying the current bills. This stock a lotery ticket which most of the time doesn't pay off.

The event that takes the longest time is the legal issues. Who owns what, where, when. They ( OMEX ) has an excellent legal staff and will win out over time. Millions of dollars and Dabloons involved, so I see big increases at the end of each trial phase.

etrade screener -- low ratings, 1 of 5 cramer doesn't like...

This one looks to be turning around in the next 3-6 months. Even if Spain is awarded the capture, OMEX will receive anywhere from 60-90% of the award just for finding it. Not to mention, the other 2 wrecks they just discovered as well.

This stock was picked by TMFTwitty in the 2008 TMF Stockpicking Contest.

MARINE EXPLORATION COMPANY INVOLVED WITH DISCOVERY OF SHIPWRECKS WITH GOLD, SILVER, AND NEW DISCOVERIES

about to break

Speculative, but a long term play -- and spikes up occasionally for big gains.