The lack of any meaningful news has certainly hurt any investor sentiment to purchase up shares in OMEX the past month. Likely it has led to a few getting out, therefore the price decline. However, the overall promise of OMEX remains firmly intact going into the next several months. The 10Q out next week (presumably) will give an update. It should reflect the recoveries for the G and Mantola commencing later this month with Seabed Worker. Victory will play its course out, but should be nearing a conclusion. The minerals side is also close to news as to valuation.
I do agree that OMEX could indeed show a q1 profit if the Oceanica investment is accounted for in the expected manner. There should be a healthy gain on the securities that were sold for $15million.
There has been buying interest in this 2.80-2.88 range and my guess is we will see a pop back over $3 early next week in anticipation of a positive 10Q and progress updates ijn it.