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<p>[QUOTE="midas1, post: 819625, member: 21309"]I've been buying selling Odyssey MArine stock (OMEX) for years. Their treasure hunting business model has proven to be a failure. They find PM treasure only to lose it in the courts. Salvaging treasure is become more difficult because of international treaties.</p><p>For the last couple of years it's been bleeding big time. It's so low I'm going to ride it out 'til the end. The only winner I'm aware of is the BOD and Greg Stemm, CEO. I still follow the happenings of their two specially designed treasure hunting ships the Explorer and the Alert. OMEX has a fanatic following that defends all of their missteps and fumbles. A couple of years ago they discovered a wreck and recovered 1/2 billion in coins only to lose them to Spain in court. It's still in the courts, on appeal, (some argue they have no grounds to appeal) but the odds are really against OMEX. Getting PM for the ocean sounds like a OMEX play.</p><p>Bon Voyage.[/QUOTE]</p><p><br /></p>
[QUOTE="midas1, post: 819625, member: 21309"]I've been buying selling Odyssey MArine stock (OMEX) for years. Their treasure hunting business model has proven to be a failure. They find PM treasure only to lose it in the courts. Salvaging treasure is become more difficult because of international treaties. For the last couple of years it's been bleeding big time. It's so low I'm going to ride it out 'til the end. The only winner I'm aware of is the BOD and Greg Stemm, CEO. I still follow the happenings of their two specially designed treasure hunting ships the Explorer and the Alert. OMEX has a fanatic following that defends all of their missteps and fumbles. A couple of years ago they discovered a wreck and recovered 1/2 billion in coins only to lose them to Spain in court. It's still in the courts, on appeal, (some argue they have no grounds to appeal) but the odds are really against OMEX. Getting PM for the ocean sounds like a OMEX play. Bon Voyage.[/QUOTE]
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