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<p>[QUOTE=&quot;midas1, post: 900058, member: 21309&quot;]This one really ruins my day/week/year/life.&nbsp;&nbsp; I traded Odyssey (OMEX) for years.&nbsp; Not so much as an investor but as entertainment.&nbsp; I made some money had I lost money that would be OK too. Over the years nautical treasure hunting has changed dramatically via international treaties.&nbsp; I believe all of these changes have gone against the salvers.&nbsp; Currently most industrialized countries signed these treaties except two one being the USA. However, all the countries recognize the treaties.&nbsp; &nbsp; Spain has one of the top nautical lawyers working for them.&nbsp; I don&#039;t remember the legal terms that explain how/why Spain won the cases and I don&#039;t remember the grounds for the OMEX appeal.&nbsp; (Personally, I&#039;d like for Peru to win their claim against Spain.)&nbsp; In any event, I believe the Black Swan (the Mercedes something) case will be tied up for years in the courts. </p><p><br /></p><p>Here&#039;s the link explaining the case against Spain, which I haven&#039;t read for along time.</p><p><br /></p><p><a href="http://www.shipwreck.net/blackswan.php" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.shipwreck.net/blackswan.php" rel="nofollow">http://www.shipwreck.net/blackswan.php</a></p><p><br /></p><p>EDIT:&nbsp; just read the grounds for appeal at the OMEX website: </p><p><br /></p><p><i>Black Swan</i>&quot; site may be&nbsp; associated with the <i>Nuestra&nbsp; Señora de las Mercedes</i>,,...&quot; </p><p>Though not on the website, some years ago, I read OMEX recovered a cannon from the site that was identified as a part of the <i>Nuestra&nbsp; Señora de las Mercedes</i>.&nbsp; It just goes on and on....&nbsp; ad nauseam[/QUOTE]</p><p><br /></p>

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