"The treasure must be accessible to Spain on Tuesday the 21st and by February 24th it has to be transferred to Spain," an official at the federal court in Tampa told AFP.
Melinda MacConnel, Odyssey's general counsel, said the Spanish government might have won a legal battle but they hurt their chances of ever again recovering sunken treasure.
"Spain has been very short-sighted in this case," MacConnel said in a statement. "They have not considered the high cost of storage and conservation of these coins, but more importantly they have failed to consider that in the future no one will be incentivized to report underwater finds. Anything found with a potential Spanish interest will be hidden or even worse, melted down or sold on eBay."
A team of 26? Geesh!
"In preparation for the fact that the treasure could be transported on Friday, a team of 26 people is already en route to Florida aboard two Spanish military transport planes."
Read more: http://latino.foxnews.com/latino/lifestyle/2012/02/21/spain-begins-reviewing-salvaged-treasure/#ixzz1n7db0QEt
LOL the LOOT
"Tonight, we're told experts from the Spanish Culture Ministry are looking at the loot at a warehouse in Sarasota."
MacConnel is of course the losing counsel at each instance, not much to brag about, so those are sour grapes on her part to be sure. BS is unquestionably a black eye for the company and its management, they blew half a billion on what should have been a forseeable outcome given the consistent findings of the legal process. Okay, so let's go from here, but I will tell you, credibility is damaged right now and they need to do something to repair it.
Like pay shareholders, or at least commit to doing so in no uncertain terms. IMHO.
"credibility is damaged right now and they need to do something to repair it.
Like pay shareholders, or at least commit to doing so in no uncertain terms. IMHO". Note the premarket action.....