Odyssey Report - Strange ...

tyler

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	Re: Odyssey Report - Strange ... « Reply #20 on: May 19, 2009, 07:51:19 pm »

hey nicer video and is the odyssey wat is on the treasure quest show

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JCPinCt

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	Re: Odyssey Report - Strange ... « Reply #21 on: May 20, 2009, 11:57:11 am »

We already know they have found an enoormus amount of treasure from the unknown wreck, but they can't show it or discuss it until it is settled in court. That may be years, so they have put a lot of money and time into finding this treasure, and it is lost money in expenses and time, if they don't get to keep it. It obviously isn't on the books as profit, and it was the major find for them last year, so it stands to reason that they would have a loss for 2008. All the workers, equipment upkeep, ship operations, legal fees, cost money. Until they get to sell something, they operate in the red. Sure they made money from the coins off the wreck off N.C., which was a well done excavation in that deep of water, and it was expensive, but that was a few years ago and since then they have bought a lot of very expensive and super equipment. The Zeus is a typical example. They are probably the foremost salvage company of their type ever assembled. I hope they win this mess and keep up the good work.

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Sue

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	Re: Odyssey Report - Strange ... « Reply #22 on: May 20, 2009, 08:25:09 pm »

Heres a long informative article in the news.

Gregg Stemm: is taking treasure from shipwrecks piracy?

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tyler

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	Re: Odyssey Report - Strange ... « Reply #23 on: May 21, 2009, 05:46:31 am »

intresting read

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	Re: Odyssey Report - Strange ... « Reply #24 on: May 21, 2009, 06:04:53 am »

Thanks Sue, that is a great article. It explains much of why they have a negative balance for last year. Also it even says what his pay is as the CEO of the company, and for me it is not outrageous by any means. The man has brains and knows how to use them to build a major business for which he should be paid. As for Spain, they haven't the money nor the brains in their govt. to search and find the wrecks they lost centurys ago, so they pounce and steal the hard drives from his computers so maybe they can learn where the ships are, then they file lawsuits to say "it's ours still", that is piracy to me. He is combining archeaology with profit, that is the way it should be, it gets done that way. Archeaology on its own only makes money for the hired archeologist, who will work very slow ( under the guise of it might get destroyed) as to give him his hardly deserved income. A large percent of everything found gets buried away in museum cellars or warehouses, and nobody but them, get to see most of it, except for what they take home and show their friends. I been downstairs in Peabody here in Ct., and they have cabinets full of stuff that no one gets to see, the items are in the thousands and there are simular items already on display. I would call that hoarding and the archeaology community is adept at it. Many of these items could be sold off to further private collections and have more small museums in the countrys, and it would give the museums and archeaologists money to do further excavations with, but no, it is a stupid hoarding community and that is where half their fault lies. They get what they sow. Odyssey is doing us a big favor by doing what goverments can't do, and deserve to make money at it. I enjoy seeing their results and hope they continue to reap the profits at the same time.

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ivan salis

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	Re: Odyssey Report - Strange ... « Reply #25 on: May 21, 2009, 10:22:59 am »

often most treasure companies are in the red * --- the cost of running things till they get a find are all red cost --- then they have to salvage it -- more red ink --then go thru the legal fighting over it --more red ink --- finally they get to sell their "finds" at long last --if they can find buyers that is willing to pony up for the stuff --- often due to the way it works fiscally --those who draw a pay check off the company while doing the work and still own a % of the finds do ok --the mere share holders with a % of the profiets "after cost" is deducted--are often shocked at how little is left over after all "the cost" are "factored" in. --- those that draw a nice check while looking for treasure are the ones --"living the dream" --- the share holders are often the ones --footing the bills for "the dream" to occur and seldom get the huge payoff they think they will.

for "payment of research info " in exchange for a % of finds -- for me the deal would be on the "gross" worth of finds --not "net profit" --- I know how numbers can be added up when "cost" are figgered up .

that said ---they run things honestly for a treasure hunting outfit --

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	Re: Odyssey Report - Strange ... « Reply #26 on: July 01, 2009, 04:51:21 pm »

good read intresting topics

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	Re: Odyssey Report - Strange ... « Reply #27 on: July 01, 2009, 05:16:19 pm »

As an Investor , you are played for a sucker . As a CEO you inherit the good life . Cornelius

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ivan salis

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	Re: Odyssey Report - Strange ... « Reply #28 on: July 03, 2009, 12:52:01 am »

investors in normal "treasure companies" pay the bills -- the workers live the life as "treasure hunters" the bosses often live well --- once the treasure is found --the big men in the company often get a good share --and sell off large amounts of stock their often holding as the price of it jumps on the news of a "big" find -- often the treasure is "split" up only to the stock owners of record at the time the find was "annouced"-- thus the folks are buying it thinking they will get a "cut of the treasure" not so --and after they find out they wil not be getting a cut of the treasure that was found the "new" owners often dump it (often at a hefty loss) the big men players "rebuy it" for a small % of what they sold it for --and get ready for the next "big find"--

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	Re: Odyssey Report - Strange ... « Reply #29 on: July 05, 2009, 02:24:27 pm »

Odyssey hasnt put the black swan find in the books and cant until they can make sales and have 100% legal undisputed ownership of it. They still have to market the coins, which is a process in itself and get premium pricing. With treasure quest and the publicity it should be easier for them than any other groups. But is a lot of coins to sell. If they have some legal findings in their favor plus the victory excavation agreement and sussex. It will eventually be a good year for investors. Look at all the high tech stocks in the 90s, all operating at a loss, burning money. Its speculative. Its an easy stock to speculate, you either believe they will capitalize on their finds of not.

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