Odyssey Marine Exploration, Inc. (NASDAQ:OMEX)
The Company is engaged in the archaeologically sensitive exploration and recovery of deep-water shipwrecks throughout the world.
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Finding more treasure with more in the pipeline. HMS Sussex should be next.
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This company has the technology to mine for gold in sunken treaseures and seems to have the sophistication to extend there core business into entertainment.
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Claims that treasure found are worth fortunes are silly when they are based on historical prices of rare coins. If you find tons of what were once rare coins, they aren't rare any more. The >$300 million market cap for this stock is just silly.
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has capital it needs; there are hundreds of valuable shipwrecks yet to be recovered; management has proven itself; it has great media contacts; high profit margin for recovering and selling coins compared to other industries; there is virtually no present viable competition.
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UNLIMITED OPPORTUNITIES FOR MORE SUNKEN TREASURES USING MODERN TECHNOLOGIES. aGREEMENT WITH dISNEY VERY INTERESTING.
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Let us not forget here, even in the hype of their recent finding...these guys are treasure hunters! Give me a break. No reliable revenue stream. You may be better off rolling the dice at the craps table than investing in OMR.
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Wild speculative stock. This is a specialist treasure hunting company who owns the very high tech equipment they use and are in control of as many variables as possible. The next project is ready to go and the take is likely to be spectacular. This is a small field and they are basically the only players. They have a sound marketing strategy for the spoils and are still reaping benefits from the last recovery. www.Shipwreck.net
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If your investment strategy involves "hidden gems", why not pick a company that actually looks for real hidden gems -- at the bottom of the ocean?
OMR has developed technology to enable it to explore for sunken treasure. It has made arrangements with foreign governments to retreive lost treasure and will keep much of what it finds.
The company just got the go ahead from the English and Spanish governments to try to retreive a large haul from what is believed to be the HMS Sussex, a ship that sunk in a storm in 1694.
It's an unusual company doing an unusual type of business. But, then again, there have been a tremendous number of sunken ships that have carried vast welth over the ages.
If the company makes a big score, this stock could take off, and make for a great Return On Investment. Or, as we in the pirate-sunken-treasure business say, -- a great AARRRRRGGHH-O-I.
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OMR has an excellent business plan. There is billions in shipwrecks. The agreement with Spain means that HMS Sussex will yeild its fortune to OMR within 18 months.
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Too costly and too risky of an operation to be a succesful stock pick. Fun company though.
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Found and recovered Gold and Silver Coins from the S.S.
Republic Shipwreck. Makes a lousy 2 dollar stock. In search
of a 3 or 4 handle.
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