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haysaw

09/24/08 2:04 PM

#20798 RE: PATCOcontroller #20797

I believe the RD-01 results went down with the ship on its cross-Atlantic journey. Neither Jerryd, nor myself, are aware of her (the ship's) name, but may she rest in peace.

Currently, Odyssey Marine Exploration (NasdaqCM: OMEX) is being contracted by Cortex to retrieve the data from the sunken ship, along with all the other gold and precious cargo it contained. Of course, Cortex will be offering financial incentives to expedite the search and recovery.

No enemem, the dog did not eat it! :)
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ombowstring

09/24/08 4:10 PM

#20801 RE: PATCOcontroller #20797

PATCO --

We're waiting on RD-01 results, which could come any day now, or maybe within a few weeks. These results should have a significant impact on the share price, good or bad.

We're also waiting to hear the results of partnership efforts by Roger and company, which should come by the end of the year, hopefully sooner rather than later. Cortex will have about $3.3 million in the bank by the end of December so financing needs will have to be addressed in one way or the other (hopefully by means of a partnership and not a PIPE) in the relatively near future.