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   Gold/Mining/EnergyOMEX - Odyssey Marine Exploration Inc

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To: TideGlider who wrote (47)3/8/2012 2:07:49 AM
From: MJ
   of 61
John Edwards had stock in OMEX several years ago. Don't know if he sold or
still holds and if it would have any connection. Doubtful, but who knows.

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To: MJ who wrote (48)3/8/2012 7:21:17 AM
From: TideGlider
   of 61
I don't know much about Edwards other than his trial stunts, haircuts, cheating etc. I don't know what family supposedly was forced to sell the painting for a few hundred dollars, but it certainly isn't the state departments job to attempt to retrieve it at the cost to other citizens that may have invested in Ocean Marine. The stock jumped from l;ow 2.90s to 3.11 yesterday. I am thinking of buying it. Just a few K shares.

Edwards was one of Kenney's pics lol Figures.

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To: TideGlider who wrote (49)3/8/2012 1:15:03 PM
From: MJ
   of 61
A few shares keeps one in touch with the history of ship wrecks and exploration being done----------had quite a few shipwrecks in the 1700's and 1800's in our seafaring ancestors .

Noted Edwards investment early on in his campaign for POTUS in 2006/2007-----wondered about it.

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To: MJ who wrote (50)3/8/2012 1:16:31 PM
From: TideGlider
   of 61
I love treasure hunting, metal detecting etc. I don't need shares for that, but they are interesting.

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To: TideGlider who wrote (51)3/8/2012 2:20:42 PM
From: MJ
   of 61
Must be relaxing, like strolling the beach for seashells.

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To: MJ who wrote (52)3/8/2012 2:51:55 PM
From: TideGlider
   of 61
Yep, except you can leave the beach and near everything is a target except new roads, buildings etc.

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To: TideGlider who wrote (53)3/8/2012 3:31:05 PM
From: MJ
   of 61
So true.

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To: MJ who wrote (54)4/12/2012 3:24:07 PM
From: TideGlider
   of 61
Odyssey Marine Exploration to Hold Conference Call on May 4, 2012 Press Release: Odyssey Marine Exploration, Inc. – 2 hours 23 minutes ago

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Odyssey Marine Exploration Inc.

Symbol Price Change
OMEX 2.95 +0.22

TAMPA, Fla., April 12, 2012 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (Nasdaq: OMEX - News), pioneers in the field of deep-ocean shipwreck exploration, announced today that the Company will hold a conference call with management at 10:30 a.m. ET (7:30 a.m. PT) on May 4, 2012, to discuss operations progress, 2012 recovery

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From: Glenn Petersen7/26/2013 5:59:44 PM
2 Recommendations   of 61
OT to OMEX, but interesting:

Team examining Gulf shipwreck finds 2 other

July 16, 2013

[iframe hideFocus="true" style="left: 0px; top: 0px; width: 300px; height: 266px; display: block; visibility: inherit; position: absolute; z-index: 100;" id="yom-ad-LREC-iframe" tabIndex="-1" marginHeight="0" src="" frameBorder="no" allowTransparency="true" marginWidth="0" scrolling="no"][/iframe]GALVESTON, Texas (AP) — Marine archaeologists made a thrilling discovery this week while examining a well-preserved shipwreck deep in the Gulf of Mexico — two other sunken vessels that likely went down with it during an early 19th century storm.

Much isn't known about the ships, including the flag or flags they sailed under and the year they sank about 170 miles southeast of Galveston. They came to rest 4,363 feet, or nearly three-quarters of a mile, below the surface, making them the deepest Gulf or North American shipwrecks to have been systematically investigated by archaeologists, the researchers said.

"What you're going to see and hear I hope will blow your mind. Because it has ours," lead investigator Fritz Hanselmann told reporters at a Thursday news conference in which the team revealed its initial findings.

"We went out with a lot of questions and we returned with even more. The big question we're all asking is: What is the shipwreck? And the answer is we still don't know," said Hanselmann, a researcher from Texas State University in San Marcos' Meadows Center for Water and the Environment.

During eight days of exploration that ended Wednesday, the scientists used remote-controlled machines to recover more than 60 artifacts from the initial shipwreck site, including musket parts, ceramic cups and dishes, liquor bottles, clothing and even a toothbrush. The artifacts, including china from Britain, ceramics from Mexico and at least one musket from Canada, will help researchers determine the ships' histories, Hanselmann said.

"Nationalities, cultures, all collide in these shipwrecks. We hope to return in the future next year with more work," he said.

Although they weren't allowed to retrieve artifacts from the two new sites under the terms of their agreement to examine the initial one, the researchers took thousands of photos and closely examined the wreckage of all three ships, which came to rest within five miles of one another.

Two of the ships were carrying similar items, and researchers believe they may have been privateers, or armed ships that governments would hire, Hanselmann said. The third vessel was loaded with hides and large bricks of tallow, suggesting that it may have been a prize seized by the privateers.

The artifacts are headed for preservation work at a Texas A&M University research facility.

"For now, there's lot of conjecture, lots of hypotheses," said Jim Delgado, the director of the Maritime Heritage Program for the National Oceanic and Atmospheric Administration. "We may have answered some questions, but we have a large number of new questions. But that's archaeology."

Delgado said the ships likely went down during the first two decades of the 1800s, which was a time of great upheaval in the Gulf region and in the New World, in general.

"Empires were falling, Spain was losing its grip, France was selling what it has, Mexico becomes independent, Texas independent, Latin America becomes independent and the U.S. is beginning to make a foothold in the Gulf," he said. "So these wrecks are all tied to that, we are sure."

It's likely each ship was carrying 50 to 60 men and that none of them survived. Among the wreckage were telescopes and other navigational tools that survivors likely wouldn't have left behind if they could have helped it, the researchers said.

Delgado said the ship the team set out to examine was armed with six cannons and may have had two masts. Undersea images show the outline of a copper-clad, 84-foot-long by 26-foot-wide wooden hull.

A Shell Oil Co. survey crew notified federal Interior Department officials in 2011 that its sonar had detected something resembling a shipwreck. It also detected some other material.

"Like a medical ultrasound, interpreting can be difficult," said Jack Irion, of the federal Bureau of Ocean Energy Management. "This case is the same way. You can't tell if it's an historic shipwreck or just a pile of stuff."

A year later, a National Oceanic and Atmospheric Administration vessel examining seafloor habitat and naturally occurring gas seepage used a remote-controlled vehicle to briefly examine the wreck. Besides determining the ship's dimensions, the examination showed it to be undisturbed and likely from the early 19th century.

That ship has been dubbed the "Monterrey Shipwreck," adopting the name Shell had proposed for its development site.

Researchers have examined several other historically significant Gulf shipwrecks in recent years.

In 1995, after a more than decade-long hunt, Texas Historical Commission archaeologists found one of famed French explorer La Salle's vessels in a coastal bay between Galveston and Corpus Christi. The remains of the LaBelle, which went down in a storm in 1686, have been recovered and are undergoing an unusual freeze-drying treatment at Texas A&M. The ship is to be reconstructed next year and become a centerpiece of the Bob Bullock Texas State History Museum in Austin.

Earlier this year, researchers used special 3-D imagery to map the remains of the USS Hatteras, which was the only U.S. Navy ship sunk in the Gulf of Mexico in combat during the Civil War. The 210-foot iron-hulled ship went down in 1863 about 20 miles off the Galveston coast during a run-in with a Confederate raiding vessel. Researchers believe that heavy storms in recent years shifted the sea floor sand and exposed the wreckage, which rests 57 feet below the surface.

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From: Glenn Petersen11/24/2013 6:10:05 PM
   of 61
h/t scion

A 29-Year-Old Hedge Fund Manager Is Shorting A Deep Sea Treasure Hunting Company To Zero

Linette Lopez

Odyssey Marine Exploration Inc. (NASDAQ: OMEX) is a company that dives for ship wrecked treasure and sells it.

Ryan Morris is a 29 year-old managing partner of Meson Capital, a San Francisco based hedge fund with $15 million assets under management, and he's certain that OMEX is going all the way to zero.

The company, he says, is hemorrhaging money. In its quest for buried sea treasures, OMEX is coming up empty.

Morris doesn't usually short companies to zero — activist investing is more his forte — but the deeper he dug into OMEX, the weirder things got.

Founded in 1994 by Bob Hope's former PR manager, Morris says that OMEX insiders made unfulfilled promises to investors and collected over $20 million in cash while the company has lost over $180 million since 2000.

"I heard about it maybe a year ago and didn't pay much attention because it seemed so ridiculous," said Morris "Then around 6 months ago they [OMEX] disclosed that they set up all these off-shore entities off the coast of Panama and Bahamas, and it was just one of those things where every layer you peel back the onion is just more horrific."

Back in 2007, the company essentially peaked when it dug up the remains of a Spanish warship that sunk in 1804, Nuestra Señora de las Mercedes — OMEX called the site 'Black Swan'. Buried deep underwater were 594,000 silver coins, as well as a couple hundred gold ones, according to Bloomberg.

A big score, sure, until the Spanish government sued to get their booty back. Under maritime law, if a ship is sunk while doing its duty, everything on it belongs to its country of origin. So after a five year battle, OMEX lost its haul and was fined $1,072,979 in the process.

Last year, OMEX's CEO, Greg Stemm admitted that the company has spent more money on wrecks it hasn't found than the $2.6 million it spent on Black Swan. Naturally, investors were furious.

Back to Meson. The hedge fund's full 66 page OMEX take-down was published on October 31st of this year.

In response, the company called Meson's strategy a "short and distort," and wrote a letter to shareholders saying:

"Odyssey's management believes that it is in the best interest of our shareholders to remain focused on business rather than debating or responding to rumor and innuendo. However, due to the number of inquiries to the company, management felt it important to reaffirm and stand by the accuracy of all information which has been released by the company."

After that, OMEX called a conference call, but did not take questions.

Meson pointed out in a follow-up report, that OMEX didn't refute any of its statements about the company on the call: Questions related to how the company loses $20 million a year, and can spend $25,000 a day on its ships.

Or questions related to Neptune Minerals, Inc. Before Meson's report, OMEX claimed that Neptune was the source of $108 million in "off balance sheet value" for the company. After the report, OMEX issued a heavily revised 10-Q in which Neptune appears, to Meson, to be insolvent.

When you find a company like this, said Morris, "There's a lot of horror and befuddlement."

No one ever said treasure hunting was easy.

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