This IMO is a very accurate read on the Odyssey Buisness model

[arctic]

http://seekingalpha.com/article/339551-the-best-way-to-play-odyssey-marine-and-shipwreck-exploration


http://jadedconsumer.blogspot.com/2012/02/odyssey-marine-best-seen-on-tv-not-in.html

 

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[Alexandre]

"A look at OMEX' financials show that despite the success it has actually achieved in finding things at the bottom of the sea, the only real treasure it's found has been in investors' pockets.

Meanwhile, OMEX's personnel have the greatest treasure of all: they get to chase their lifelong dreams of finding sunken treasure while being paid a fat salary from someone else's money. What could be better?

Recall Warren Buffett's advice for making money? "The first rule of investing is don't lose money; the second rule is don't forget Rule No. 1." You can't lose short-term and expect long-term excellence. When you see an "opportunity" like OMEX, which is driven by hope rather than math, run. Grab your valuables first, of course, but run.


Well, nothing new here.. it's a TH firm, after all..

 

[VOC]

Most of the investors in OMEX do so because they want to be part of the project and for the thrill and excitement of what they do, also with a very slim chance that one day they might hit the “big one”.

Thousands of people go to Casino's, bet on horses, or buy flash cars that de-value by the day, or sink fortunes in running boats for fun, or self-funding the many other expensive hobbies out there.

People are not as dumb as you think when they invest in a Treasure Hunting company, they do it because they want to do it, and they know there is always safer but more boring stock that they could buy.

Look at the on-going Atocha project to see that investors are still keen to feel part of it.

Its normally only academic Underwater Archaeologist that are devoid of any passion for the subject, and who would not invest any of their own time or money into a shipwreck project without some tax payer funded institution picking up the tab !

 

[Oceanscience]

Most of the investors in OMEX do so because they want to be part of the project and for the thrill and excitement of what they do, also with a very slim chance that one day they might hit the “big one”.

Thousands of people go to Casino's, bet on horses, or buy flash cars that de-value by the day, or sink fortunes in running boats for fun, or self-funding the many other expensive hobbies out there.

People are not as dumb as you think when they invest in a Treasure Hunting company, they do it because they want to do it, and they know there is always safer but more boring stock that they could buy.

Look at the on-going Atocha project to see that investors are still keen to feel part of it.

Its normally only academic Underwater Archaeologist that are devoid of any passion for the subject, who would not invest any of their own time or money into shipwreck project without some tax payer funded institution picking up the tab !

Well spoken, VOC.

On the other hand, I must admire Alexandre's courage to come to this forum, hostile to him, to express his views.

The UK seem to have a very workable system. Do we know of any other country that has a workable system.

 

[VOC]

“On the other hand, I must admire Alexandre's courage to come to this forum, hostile to him, to express his views”.

I do as well, except that they are not his views at all, they are the brain washed views of the likes of Dr. Filipe Castro etc. (they are not allowed to have their own veiws as he has previusly stated: "The Portuguese one (APA), for instance, will remove you from the profession if you fail their deontological code").

It is just like those weird religious sects and organisations, all the brainwashed on the inside believe every word they are told by their teachers, and that what they do, and the way they live their life is the only way, whilst everyone on the outside know's that they should be preaching and doing something compleatly different.

Maybe Alexandre posting on here is a cry for help, and he really wants to be rescued from the company he keeps !

Anyone up for being his savour and offering him a real job, with some real underwater archaeology to do ?

 

[capt dom]

Most of the investors in OMEX do so because they want to be part of the project and for the thrill and excitement of what they do, also with a very slim chance that one day they might hit the “big one”.

Thousands of people go to Casino's, bet on horses, or buy flash cars that de-value by the day, or sink fortunes in running boats for fun, or self-funding the many other expensive hobbies out there.

People are not as dumb as you think when they invest in a Treasure Hunting company, they do it because they want to do it, and they know there is always safer but more boring stock that they could buy.

Look at the on-going Atocha project to see that investors are still keen to feel part of it.



Its normally only academic Underwater Archaeologist that are devoid of any passion for the subject, who would not invest any of their own time or money into shipwreck project without some tax payer funded institution picking up the tab !

Well spoken, VOC.

On the other hand, I must admire Alexandre's courage to come to this forum, hostile to him, to express his views.

The UK seem to have a very workable system. Do we know of any other country that has a workable system.

Very well stated.

It is being even a small part of "the passion of the event", to be part of a genuine "adventure"
that most folks take the plunge - even if only financially! Undersea exploration is just that - exploration.
It is not archaeology! Aspects of this fledgling off-shoot of anthropology can be useful tools to the
undersea explorer but one must always remember where the school of archaeology stems from....

It {arkeologie} once was called Egyptology, which grew from the age old past time also known as grave robbing
which turned into a hobby of the rich and "selected" upper crust.

Which they still think they are!

They truly think their shlee doesn't stink!

 

[arctic]

Most of the investors in OMEX do so because they want to be part of the project and for the thrill and excitement of what they do, also with a very slim chance that one day they might hit the “big one”.

Thousands of people go to Casino's, bet on horses, or buy flash cars that de-value by the day, or sink fortunes in running boats for fun, or self-funding the many other expensive hobbies out there.

People are not as dumb as you think when they invest in a Treasure Hunting company, they do it because they want to do it, and they know there is always safer but more boring stock that they could buy.

Reading the followups with no disrespect that old saying "A sucker is born every minute" comes to mind. Greg Stemm who pays himself over $750,000 a year salary compensation, a company that is in the red if you are an investor, what do you think of this.

 

[signumops]

Depends upon where you got the info, how it was calculated, and whether the originators have a hidden agenda. Are they funded by George Soros for example, or perhaps Goold for another. Anybody in the theater can scream "FIRE"!

However, one ring of truth...

"The State of Florida now holds a huge trove of artifacts from the Atocha, where it sits in bins in a warehouse and on every inventory grows a little smaller as people with access decide that the State of Florida won't miss just this one little bit. At least, according to the sources available to the Jaded Consumer. If you want to see anything from the Atocha, you need to visit the private museum established by Mel Fisher. The State of Florida's zeal for wrecks seems chiefly directed into a dragon-like avarice to hoard gold rather than a desire to educate the public about the history of Florida"

 

[signumops]

VOC:
The ongoing rub for archaeologists is that treasure hunters (read 'public at large') see archaeologists as treasure hunters, but archaeologists don't see treasure hunters as archaeologists. Treasure hunters, like archaeologists, are in it for the finding of a "thing", be that what it may. Thereafter, the motives diverge, with the archaeologists tending toward a hoarding behavior, while the treasure hunter tends toward a divestment behavior. One hunts for the sake of the hunt, whereas the other hunts for the sake of the overall collection.

 

[arctic]

Depends upon where you got the info, how it was calculated, and whether the originators have a hidden agenda. Are they funded by George Soros for example, or perhaps Goold for another. Anybody in the theater can scream "FIRE"!

The salary info was 2010. Here is latest compensation and it is over $1,000,000.00
And I do not believe FORBES has any agenda, do you?

 

[signumops]

Since I am still in the treasure finding stage myself, and not an investor, I would not offer an opinion on Forbes. I will look into it. I perceive Forbes as the Kelly Blue Book of nosey accountants. However, being a poor man, I have no need to read it. But, I might start. Maybe I'll get rich!

 

[signumops]

Forbes LLC struggles to stay afloat in the media business. Randall Lane, one time editor for Newsweek left there in 2011 to take over Forbes as chief editor.
John Kerry is a Forbes grandson, by the way, and his cousin Lalonde in France, is green to the gills (probably immaterial, but interesting, none the less).

Forbes seems to have a habit of letting contributors and advertisers run their publications. Smacks of PAC's to me, especially so in view of Newsweek's pink slant.
I quit wrapping my fish with Newsweek... they rotted overnight.

 

[Panfilo]

I find the articles posted by Arctic, (Seekingalpha.com) to be very badly researched, biased, with little objectivity and total ignorance for the subject matter. Where are the figures now public associated with the HMS Victory(one billion plus$!)? The Gairsoppa? Odyssey’s ventures into ocean mining?

How much is Greg Stemm's salary reflects his ability, leadership, talent and proven success as determined by the board of Directors. I sure hope when they pull out the Victory he and all of his team get a big fat bonus for having made such a historical deal with the British government that will prove to be a working model that might send Alexandre and the rest of his archeo-nazis friends to the hospital.
Panfilo

 

[jeff k]

Re: This IMO is a very accurate read on the Odyssey Business model

I find the articles posted by Arctic, (Seekingalpha.com) to be very badly researched, biased, with little objectivity and total ignorance for the subject matter. Where are the figures now public associated with the HMS Victory(one billion plus$!)? The Gairsoppa? Odyssey’s ventures into ocean mining?

How much is Greg Stemm's salary reflects his ability, leadership, talent and proven success as determined by the board of Directors. I sure hope when they pull out the Victory he and all of his team get a big fat bonus for having made such a historical deal with the British government that will prove to be a working model that might send Alexandre and the rest of his archeo-nazis friends to the hospital.
Panfilo

The poster obviously has an anti Odyssey agenda, and probably has more than one alias on TN.

Will the real poster please stand up!

 

[Alexandre]

I sure hope when they pull out the Victory he and all of his team get a big fat bonus for having made such a historical deal with the British government that will prove to be a working model that might send Alexandre and the rest of his archeo-nazis friends to the hospital.
Panfilo

First, they have to find if there is anything in the Victory.

Then they have to prove its theirs for the taking.

Then they have to actually pull it off.

It ain't over till the fat lady sings, panfilo, and I have a very nasty surprise for Odyssey should they find that gold...

 

[VOC]

"It ain't over till the fat lady sings, panfilo, and I have a very nasty surprise for Odyssey should they find that gold... "

Alexandre, were you born Nasty and Vindictive or did they teach you that at University ?

 

[Vox veritas]

"It ain't over till the fat lady sings, panfilo, and I have a very nasty surprise for Odyssey should they find that gold... "

Alexandre, were you born Nasty and Vindictive or did they teach you that at University ?

VOC, we had a good University from OME! Sad reality!

 

[VOC]

VOC, we had a good University from OME! Sad reality!

What has OME ever done to you personally or to your people !

They have never done anything illegal whatsoever, it is just your thieving government is trying to get something for nothing without letting the ownership matter be properly discussed in a court of law !

You should direct your venom towards your government for making Spain look like a greedy state , and not towards a corporation that’s following the International Laws of the Sea.

 

[jeff k]

Re: This IMO is a very accurate read on the Odyssey Business model

"What has OME ever done to you personally..."

They wouldn't pay his extortion attempt.

 

[MORE AND BEYOND OSSY]

VOC, we had a good University from OME! Sad reality!

What has OME ever done to you personally or to your people !

They have never done anything illegal whatsoever, it is just your thieving government is trying to get something for nothing without letting the ownership matter be properly discussed in a court of law !

You should direct your venom towards your government for making Spain look like a greedy state , and not towards a corporation that’s following the International Laws of the Sea.

" What has OME ever done to you personally or to your people" Stealing Spanish Property my English friend, The English know how to do that very well !
Ossy