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Odyssey Marine Exploration Inc. Message Board

  • johnfox188 johnfox188 Jun 15, 2012 8:27 AM Flag

    No news means bad news..the co. again

    has failed the stockholders...ships at sites for almost two weeks and no news as to their progress.....what a shame for the loyal and trusting longs..shame, shame, shame on management.

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    • Actually, that's technically not true. On the business update of 04 May 2012, Gordon stated that due to regulatory restrictions, the company cannot make statements until the UK gov gives it the needed approvals. In addition, keep in mind that under US rules, materially negative information needs to be revealed to the market.

      In addition, if you think about it logically, if bullion had not been found off the coast of Ireland, the Seabed Worker would already have been brought back to Cork (as it is paid on a daily charter basis for a 90-day term) rather than being scheduled to return on 20 Jun 2012.

 
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