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Re: frankie_fillet post# 3030

Friday, 04/15/2016 2:04:11 AM

Friday, April 15, 2016 2:04:11 AM

Post# of 3402
Frankie, I merely stated the obvious about your post.

As for the company supposedly digging a hole for itself I don't see it that way.
The circumstances of the U.S. Gov't allowing Spain to steal 1/2 Billion in treasure from OMEX in exchange for a favor for a political donor was unforeseen and out of the companies control. If the outcome of that had been in OMEX's favor we would not be having this conversation.
Furthermore, those unforeseen circumstances are the gamble any would be investor in this company or any other company who is a publicly traded stock takes.
Yes, maybe the company could take pay cuts in times of trouble and they may have. I do not know if they did or didn't, because when I invest in a company like this I do not care. A stock like this is like buying metal detector. If the metal detector finds something of great value then my investment in it paid off. If I find nothing with that metal detector then I was simply entertained with the prospect of a possible monetary gain for the cost of my investment.
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