Odyssey Marine Exploration (OMEX) nets $8.75M on a $10M early exercise of an option held by Mako Resources to purchase 8M shares of Oceanica Resources, S. de R.L., owned by Odyssey. The exercise price of $1.25/share, discounted from an original $2.50 in order to facilitate this transaction, represents a 25% increase over the price Mako paid for the 15M shares of Oceanica it bought in February. Mako still holds an option to buy another 7M shares of Oceanica at $2.50 before Dec. 31. (PR) [View news story]
Shares are off 1.5%, although I'm no expert on OMEX, but I guess all eyes are on at what price Mako will exercise its remaining option. (Nice to meet you Mr. Jackson).
It's Time To Buy J.C. Penney Before The Winds Of Change Come Blowing In [View article]
Highly Doubt The basis Of Your Point...Stock Pops On CEO Ousting And renewed Confidence In Its Old Ways...It's Time For Johnson To Stop Teaching This Old Dog New Tricks
It's Time To Buy J.C. Penney Before The Winds Of Change Come Blowing In [View article]
@Mr. Kelly, Thanks For The Vote Of Confidence As Always.
@BornIn87, If either of these things occur, the stock will surely pop. Johnson isn't doing what he was supposed to do and retail sales numbers say it all.
Odyssey Marine Exploration (OMEX) nets $8.75M on a $10M early exercise of an option held by Mako Resources to purchase 8M shares of Oceanica Resources, S. de R.L., owned by Odyssey. The exercise price of $1.25/share, discounted from an original $2.50 in order to facilitate this transaction, represents a 25% increase over the price Mako paid for the 15M shares of Oceanica it bought in February. Mako still holds an option to buy another 7M shares of Oceanica at $2.50 before Dec. 31. (PR) [View news story]
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It's Time To Buy J.C. Penney Before The Winds Of Change Come Blowing In [View article]
It's Time To Buy J.C. Penney Before The Winds Of Change Come Blowing In [View article]
It's Time To Buy J.C. Penney Before The Winds Of Change Come Blowing In [View article]
@BornIn87, If either of these things occur, the stock will surely pop. Johnson isn't doing what he was supposed to do and retail sales numbers say it all.
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