Maybe my view of the stock market has been tainted from seeing too much "legal manipulation" by large brokerage firms like Oppenheimer,Wedbush.etc. and in OMEX case specifically certain unnamed outspoken shorts.
I guess I just don't understand the MGMT of this company and their appearance of a lack of ability to keep the fires burning under their stock when they have a good thing going.
They allow the shorts for a year to denigrate the stock to below 1.00 levels.Then when they finally get some news that moves the stock north,they don't follow up with anything to maintain or continue to increase the interest in their stock.
Performance is the #1 short killer and increaser of value in any stock.The fact is Omex performed very well this last summer and their future earnings are looking brighter all the time.Since a stocks share price is mostly based on looking out into the future and their future is starting to show much improvement through reduction of costs (I.E. eliminating a huge monthly cost of Dorado Discovery),,,,,,the eventual monetization of SSCA,Oceanica and now Victory they have all the right things in place to change the current perception of the share price and what it should be.(I.E. it is undervalued)Share price is forward looking and is currently not where it should be due to all kinds of deception within the market.
What OMEX MGMT doesn't have is the fortitude or ability to capitalize on the positive events and/or add to these events with giving shareholders and the public at large more insight into their specific plans to keep a fire burning under the stock.
When the stock was maintaining price at 1.30 a share range for two days on the 28th and 29th they blew it in my opinion.That would have been the opportune time to release something...anything that they might have in their arsenal of positive events or positive information that could have been brought forward to the public.
Am I telling them to "manipulate" the stock ,,,,,,,well not exactly, but since it is legal for others to slam the stock at will with speculative,uninformed,misleading and completely irrevelant mis-information or dis-information ,wouldn't it be prudent to as I say ...keep the fire burning.......to give more information that might at the very least support the share price or increase it while it does have the attention of wallstreet instead of letting it roll back and die on the vine of disinterest? Giving the public Factual information is not manipulating the stock.
While I'm at it I've said it before and will say again that I think they are too secretive about their operations ...what they are doing and when they are doing it.For instance no one knows what they are doing right now with the Explorer off the coast.We as shareholders are left to only speculate and wonder.
I would love to see on board live video feeds at intervals they could control.If they are searching for something and they have video footage ...why not generate more of a buzz around the stock by allowing shareholders in to view what they might be doing.
People say that "other" companies don't give shareholders a daily report of everything they are doing ....while that is true OMEX is unlike other stocks or companies.The interest in their company is ADVENTURE....INTRIGUE......THE UNKNOWN......TREASURE.........PIRATES ,,,,,ARCHAEOLOGY,,,,,etc,etc, WHY not capitalize on that by allowing insight into their operations?
I don't believe "security" is at all a hindrance to the things that I'm talking about.I do believe it is an excuse to NOT engage shareholders on a new level;,,,,to change the old routine ,humdrum....process of recovery or archaeological discovery they have shown in the past.They need some fresh concepts to enjoin shareholders into their operations.They need to start being more creative and interact with them more by allowing them to see what they are doing ,while they are doing it.They would/could always have the ability to shut down video feeds if that is one of the things they are doing and they find it necessary to not share something with the public.
It's not just video feeds though........sure they are on facebook but the updates there are lame and add no real value to the stock or to shareholders.(Usually a guessing game as to what you think something is for the most part).Whoopeee!!! Last one was Trivia Tuesday to guess what the bristles on a toothbrush were made of.Facebook would be a good place to at the very least show NEW video feeds from current operations.
Odyssey could quite possibly follow on the footsteps of GoPro in that they could create their own video channel on operations......they need to come into the 21st century and stop being lazy with their marketing of the company and what they do.
Marketing? What marketing?
I'm not the professionals that they are,,,I don't have the answers;I'm simply bating ideas.Recall years ago they had treasure hunt games etc. to entice shareholders interest ......there are many ways and things they could do.
Where is the Discovery channel? Why has there not been a show on the Gairsoppa? I just don't understand the lazy marketing they do for the company and for shareholders.
A lot of mixed feelings here about this as an investment that is for sure.Anyone who says they wouldn't appreciate more information in a timely manner from OMEX is being disingenuous to say the least.
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