Replies to post #24710 on In Ovations Holdings Inc. (INOH)

[Raider21]

I received an up-date to this that was provided by the Ramos law firm. MEI has somehow filed an appeal to the court and if accepted this could drag out for months, even a year. We are all frustrated and disgusted but the marina now owed over 100k US will probably step into this picture legally. They too want their money. The difference for them is that the vessel is in their marina, tied up to their dock. Big difference. They are also aware of this being a renegade boat without current documentation and insurance. Regardless of the legal situation, the real liability is how much longer will the Hispaniola stay afloat? Anyone who wants to contest this opinion, just call a couple of commercial dry dock shipyards and ask what they think the status would be of an aluminum hulled ship that hasn't been dry-docked for inspection and maintenance in now over five years. Even worse, no below water-line hull anode replacement in two years while connected to shore power electric supply. Very sad situation. Goldberg really knows how to run a company and preserve its asset. Now, thats very much my opinion.

[Peggy]

Not sure if that rustbucket was MEXP's largest asset or not. Word on the street is that the CEO holds that distinction.

Anyone hear anything more about the huge business deal with GE? Seems to have gone quiet. Hmmmmm.

[G Bert]

Does anyone know if the boat is tied up at Ocean World Marina? I figured once the Russians put foot on the pier and saw the floating heap, maybe they at least enjoyed some theme park fun so the trip wasn't a total waste. The view on Google maps has a vessel there that might be the same one.