Odyssey Marine New Direction

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8/14/2016 Tampa Bay Times

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Please go to the link above for the full story.

In part states:

For more than two decades, Tampa's Odyssey Marine Exploration has reveled in its reputation as a swashbuckling, deep-ocean treasure hunting enterprise.

Odyssey has hauled tons of gold and silver from centuries-old U.S., Spanish and British ships sunk deep in the Atlantic Ocean and adjacent waters. The company has enjoyed the limelight of more front page stories over the years in the New York Times than most major U.S. corporations and far more than any other business in the Tampa Bay area. It has been the focus of long sagas in magazines like The New Yorker and was profiled by a National Geographic staffer in the 2005 book Lost Gold of the Republicabout what was then the richest monetary and archaeological marine salvage in American history. In 2009 the Discovery Channel launched a reality show called Treasure Quest with 12 episodes devoted to Odyssey Marine's shipwreck adventures.

"Shipwreck stuff was cool," Odyssey Marine CEO Mark Gordon said in a sit-down interview this summer. "The acid test is when your teenage daughter asks you to come to school day and tell them what you do."

Lately, the coolest dad around now looks more like the Maytag repairman sitting by a phone that does not ring. Odyssey Marine's forlorn Tampa headquarters sits back in a too-quiet office building on W Laurel Street, its second floor space eerily lean on employees. Tight times in the past year forced cuts in office staff to 22 from more than 40.

NOTE: Towards the end of the article three other companies in the Tampa area are discussed.
 

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seekerGH

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Jan 25, 2016
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What are they talking about? $80 per share ?

Nine years ago, when the company was in the thick of high-profile underseas treasure finds, Nasdaq-traded Odyssey basked in a stock price topping $80. This year, its sub-$4 shares briefly spiked at $9 in April after Odyssey took a draconian move of converting every 12 shares to one in order to raise its stock value. But shares have since sunk again, now trading between $2 and $4.
 

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