We don't want Titanic 2012, etc. In fact, I don't want this company to continue to operate into next quarter. It's worth much more under a liquidation than a going concern. Once they get the court decision, they should just sell the artifacts and return cash to shareholders. Honestly.
If i remember right:
- in the last quarter they reported a net income of 1,1 mln;
- in july 2007 their market cap was over 500 mln;
- by 8/12/2011 they will receive 110 mln (cash or not)
- 4/12/2012 titanic will celebrate his 100h anniversary.
In this situasion is clear that the artifacs's value is more than 110 mln (looks the latest auctions).
In my opinion in 2012 the titanic's fever will explode and prxi will touch new max