My STX just keeps on climbing with no discernible end in sight. I guess I'll just continue to ride this pony and collect my nice dividend. Looking forward to the day that OMEX is doing this.
I'm surprised the guy hasn't done just what you infer. He must not know what is being said about him.
We could easily dispel all this by having all those who have been accused of being someone else submit a post at a predetermined time. I guess someone could submit a post under a different alias within a minute, so maybe have each submit three posts under their alias spaced one minute apart. Then it would be difficult to maintain the proper spacing and jumping back and forth between aliases. Everyone would have to be using the same time source. Hardly worth the effort, though. Let them believe whatever they want.
Why would one agree to an extension at a higher price? Wouldn't they just go ahead and exercise at the lower price? I suppose an extension would be warranted if funds were coming up short.
The only way the option holder would allow the option to be moved to a later date would be to lower the price. If Odyssey did that, then the option holder could just go ahead and exercise at the lower price. I guess they could just delay the date at the same price. What would be the reason for doing that? I can't see giving a later date at a HIGHER price.
Yep, I know that, but it wasn't true a month ago when I posted. Looks like you are lagging a month behind on replying to posts.
You guys are funny!! I played high school football all through high school, graduated in '56 and college in '61. Had to retire the old jock after high school. A knee injury during my last high school game as a senior prevented me from playing college ball. The sports medicine then wasn't the caliber it is now. That was a great decade to live through, wonderful memories.
I know what you meant, but your sentence structure makes it appear that the village idiot is the one being given credit for the qualifications. Your point did get across, however.
Don't discourage the poor guy. He's completely harmless if it keeps him off the streets and away from the parks, playgrounds, and schoolyards. Totally harmless even to the board if you put him on ignore. Although there is something to be said to giving him a tad of attention. Otherwise, he might wander outside and do some harm. One response from one person per day should be sufficient.
Generally, it tracked the market today. It has done better overall than the NASDAQ over the last three days.
Already have those you are responding to on ignore. Now that you are filling the board with useless responses, you can join them. It gets old after a while.
OR, they could just raise their target a little higher now! Maybe their target was conservative in the first place.
Not as rusty as I thought. The crossover is when the expenses are half of the salvaged value. i.e., an 80/20 split after expenses is better than a 90/10 if the expenses are high. That would be the safer way to structure the contract when there is the possibility of expenses being large (no one had ever done this before).
90/10 with Odyssey paying all the expenses out of their 90 would have been a better outcome for Odyssey, but still a good deal at 80/20. There is a crossover somewhere in there as to which is better as the expenses go up. i.e., they could completely negate the 90%. I'm retired from doing those complicated calculations as my brain has gone rusty! LOL
I think the confusion here is allocating the proportionate share of the expenses towards UK's share and then saying Odyssey has $27M they have to allocate to their share.
It is six of one and half a dozen of the other. Suppose the total recover was $100M with $20M in expenses.
Split it 80/20 and then deduct the prorated expenses. Odyssey ends up with $80M- .8x$20M=$64M and the UK ends up with $20M-0.2x$20=$16M.
This is absolutely the same net to both parties as deducting the expenses and then doing the 80/20 split of the remainder. i.e., for Odyssey, ($100M-$20M)x0.8=$64M.
lt would be double dipping to deduct expenses twice for Odyssey.