Odyssey Marine Exploration Inc (OMEX)

[Getitgogone]

Recovery of HMS Victory is hampered by stormy relations

http://www.independent.co.uk/news/science/archaeology/recovery-ofhms-victory-is-hampered-by-stormy-relations-10019242.html

This is just one of many links that have been hitting the airwaves since last Thursday.First off I'm glad I sold for a small profit on my last trade and currently not considering taking another position here until I see some absolute positive developments with Odyssey.Maybe another trade but not holding my breath for anything substantial from them.In my opinion their about to get creative again but not sure what form that will take.As well I am just tired of their insulting shareholders thinking they are too stupid to figure out their dodge right,dodge left,status quo repetitive management tactics.

The facts are very clear but I don't think so clear to those that are still wearing rose colored glasses.What Kevan Jones stated for the most part is factual whether the longs want to see it that way or not does not matter.In other words just because a person does not believe something to be true does Not make it not true and vice versa.If a person looks at all of the statements with clear eyes you cannot come to another conclusion other than Odyssey is a mess financially and their shallow promises are simply "wishful thinking" spelled out in press releases.

What really has me despising Odyssey and their current operations is.....there are no operations.

The Dorado discovery was mothballed under the guise of saving the company money etc...... Odyssey has done nothing to create revenue for I believe at least 4 months now.Mark Gordon and Greg Stemm have created diversionary tactics for years and always come up with something to save the day when they run out of money.

I'm also beginning to think that Greg actually dumped the CEO position onto Mark G because he saw this coming.What is "this" that is coming? Well ...either major dilution at a lower price than where it currently sits (because when they cut a deal to sell stock the buyer always gets a discount to current price), or Bankruptcy and insolvency.

There are just too many things to discuss that Odyssey has not done,has not completed,has puffed up as if something was a done deal that never came to fruition.

I've always said that I love what they do but they just can't seem to make it ...they can't create recurring revenue on a continuous basis.They've had I think maybe 2 profitable quarters in their entire 18 year history.

As well I disagree that the yahoo Odyssey group is any better than the regular yahoo message board,maybe in some ways,but for the most part on both of the boards it is primarily a hodgepodge of longs who vehemently attack any conversation that remotely presents a reality check on the facts surrounding Odyssey.Most of the time it is an attempt to suppress information that is factual, yet negative about Odyssey.Yes I'm saying Gar and Ryan and Jones are pretty much accurate....much more accurate than longs that have too much money invested here to see things clearly.If people really want to discuss Odyssey and the facts they should do it here on this board where attacks on individuals is NOT tolerated ,where facts can be defined and people can give and share information properly.The fact that no one seems to want to discuss anything of value on this board leads me to believe that most simply want to have the ability to attack others or they are simply comfortable with those of "their own kind" on certain other boards.

Will there be another pump for Odyssey,,,Will the share price rise again?...probably.........could be tomorrow according to some but I don't care if it does.You can make money trading the stock here until the facts finally catch up with the share price and it can come in so many different forms I personally at least am afraid to own it right now.

If anyone doesn't like what I'm saying it doesn't bother me in the least,you can't argue with the truth,,,,well not with legitimate argumentation tactics anyway.You can disagree but their is more proof out there that Odyssey and their business plans are not working and Christ on a crutch for the last time .......WHAT makes them think they can sit on their ass all winter and do nothing to increase revenue and survive as a company? Seriously..........I'd rather the SOBs' make flower pots and sell them all winter,at least they would have a chance at making a profit.

I wouldn't say they are a scam as some ,,,,,but pretty damn close .....making...giving....producing ...NOTHING for shareholders while they continue to pay theirselves fat salaries in the 6 digits along with stock out the wazoooo.....

At What point does it end? When do shareholders finally say enough is enough.

Hey....I'm not telling anyone to buy or sell....good luck making that decision......but I am saying that Odyssey has not done enough for shareholders and continues to arrogantly do whatever the hell they want without any oversight or repercussions from their inaction.

Oh well...I could go on for hours and hours about specifics but really I don't care enough to.......I have been in and out of this stock and much of it was on hope for the last 8 years .....made some ,,lost some.....but I just am not that interested anymore and wanted to get a few things off my chest.Its just been very frustrating and continues to be ,,,,wish all,,,,, good luck on your investments.


Just remember

"You don't drown by falling in the water; you drown by staying there."