In Ovations Holdings Inc. (INOH)

[Raider21]

The boat has never left the Ocean World Marine since the day we left her over two years ago. Actually, above the water line, she appears decent. Most of the machinery has deteriorated from not being run and maintained. I am told that allot of the on deck equipment (and other things) have "walked off". It's a "dead ship". Probably better meant for commercial scrap than for refurbishing. Whoever would buy it faces a nightmare of legal problems for transfer of ownership which then brings in the ABS fines and many other problems. I am also told that if by some miracle the ship was ever to be brought back to the U.S., a Jones boatyard in Miami would be in line for filing litigation on unpaid bills. I doubt the Stryker people have any involvement in this but I don't know.