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Odyssey Marine Exploration Inc. Message Board

  • whiskerpole3 whiskerpole3 Dec 1, 2013 8:27 AM Flag

    Already spinning

    Stepping back from the rhetoric, we should be able to move past the Meson attack. All the company really has to do is deliver on the expectations they have previously raised for shareholders, and I think they will in short order. If they come out with the yearend results expected such as a profitable quarter, projected cash on hand, and per chance assay results at the same time, things will get better. In fact I would focus on moving up the assay results, as opposed to wasting resources on a mud throwing contest with Meson, which ultimately hits everyone. They announced their strategy to short this to zero, so they are doubtful to begin with, and vulnerable to real results that debunk that narrative. Things have not really changed since Meson, the underlying issue of shareholder value was already well entrenched, with expectations that is about to end.
    So end it, already.

    I don't trade this stock, but took some off the table not because of the Meson arguments (not new), but because of the impact of short to zero. I was warned here not to do that because it would cost to much to get back in. I ignored that warning, and eventually replaced those shares at a lower price, so I bought a few more as things settled down. De facto, I can now say I have traded this stock and made money, and be telling the truth.

    We will soon know how this plays out, so I am going to sit back see what happens in January. The wheel of fortune is already spinning.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I am still curious how the company will produce
      revenue for the first and second quarters of 2014???
      Any ideas???

      Sentiment: Buy

      • 4 Replies to mistercoupon2003
      • Given the comments from management on interest in the Dorado Discovery's new equipment, I would expect charter revenue in Q1. You could have the commodity wrecks start earlier than promised, i.e. Q2 instead of Q3. You could have the HMS Victory given the go ahead. You could have gains on sales of Neptune or Oceanica stock. But its not GAAP revenues per se that matter its demonstrations of value. The G silver was pulled up in Q3, but the revenue is not until Q4, etc. If Odyssey brings a JV partner into Oceanica, then there may or may not be revenue, but there would be a demonstration of value.

        Sentiment: Strong Buy

      • The same way they always 'produce' revenue. First it was another series of preferred stock, up to G now?

        It appears now they have resorted to selling shares in newly created subsidiaries, touting things like, get this 'undersea mining'!!!!

        Look at the success of Neptune!
        When that was sooo successful, they dropped it and created Oceanica!

        Try as they may, they keep trying to add some sort of value to the Company. The next MAKO exercise, if it happens this year, will certainly be interesting as well.

        The Meson report has certainly alerted the SEC. This combined with the lack of disclosure to the SEC on the Contempt charges will likely result in some correspondance from the SEC.

        Meanwhile, sit and watch as it sinks down to $1.50 by mid Dec.

      • They will likely produce services revenue in the first two quarters.

      • It may start in 3rd quarter with commodity wrecks and then
        a continuous stream of revenue from commodity wrecks and
        Mining revenue for years to come!!! Possibility a historical
        wreck along the way!

 
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