Odyssey Marine Exploration Inc (OMEX)

[ap17]

I see approval soon, then double digits.

On January 25, 2017, Odyssey Marine Enterprises, Ltd. (“OME”), a subsidiary of Odyssey Marine Exploration, Inc. (“Odyssey”), received a notice of conversion from Epsilon Acquisitions LLC (the “Lender”), relating to the Convertible Promissory Note, dated March 18, 2016 (the “Note”), in the principal amount of $3.0 million made by OME in favor of the Lender.
Pursuant to the notice of conversion and in accordance with the terms of the Note, the entire $3.0 million of principal, plus any unpaid interest, will be converted into shares of Odyssey’s common stock at a conversion price of $5.00 per share on the date that is 75 days from OME’s receipt of the notice of conversion."
Alonso Ancira converting debt to become an equity holder. He committed before any rulting from Semarnat. What does that say? Also, anyone worried about debt maturities at end of March need worry no further. Unless they think that Alonso wants to wipe hiimself out.