Where I live in the greenwhich/new york area, there is a lot of buzz about this already.
Lots of wealthy people out here want to either buy this outright or form groups to do so. Based on the conversations I've heard this weekend this company will probably get $300 to $400 million which would put the shares well over the $6 to $8 dollar range.
I wish the company would give more info. Can people buy the artifacts before the april 15th anniversary and auction? I know a few people who would rather already own the artifact collection ahead of time so that they could announce the opening of a new titanic wing in their name at a certain museum on the 15th with all the Titanic Anniversary fanfare.
Once the publicity kicks in after January 1st this is going to get crazy, i really hope that the company makes the bids public so that we can watch this unfold!
We have been with mark sellers since his Morningstar days and I dont think he is being untruthful. With the non titanic portion worth maybe .50 to 1.0$ per share and the titanic stuff maybe upwards of 4$ per share why would present stock holders bail out in these largevnumcer of shares unless they don,t trust the estimate or know something the rest of us don't. My shares are tied up in sellers capital so I could not sell now anyway but this bothers me.
There are rumors including a stock picking letter that say there is a single fund that is winding down and having to sell it's position.
I've been watching the same person sell for 8 weeks, this is just one person selling. This gives us a good chance to buy what we want before the PR kicks in. He didn't hold more than 2 million shares so he should be out of shares in the next couple days.
I don't think hedge funders or much of anyone else for that matter knows about this yet and I don't think they will until after the holidays.
Pretty easy to build a fact based thesis here, no need for hype. The hype would be that the company could recieve a crazy bid, like 800 millions for the assets. But we don't need that, even if they just go for the appraised value the upside here is massive.
Its funny. This stock has been dead for SO long...i think it will end up shocking people what the % return will be from this price in 60-120 days. Its insane actually. I think its probably 80% WORST case and could easily be 200%! amazing. stay tuned! what a bargain it is now with this cat out of the bag and obviously more to come.
I'm hoping that so few people know about this that there will still be some time to buy. Hopefully we have a little while here with people on vacation. Once the company kicks in the media it will be too late.
I'm also hoping they will announce more details about the auction, i'd like to attend!