Lonnie Devereaux

Odyssey Marine Strikes Major Deal with Discovery Communications

You don't need to have a good case in these matters, to tie things up legally for years. All you need are deep pockets and persistence. They may settle out of court, at some point, but OMEX will get a pittance, if they're lucky, or still in business.

Odyssey Marine Strikes Major Deal with Discovery Communications

One more little thing. This company lost $23 million last year, so what's $2 million from Discovery worth. This company will have to issue more stock to cover it's losses and to keep paying its lawyers. Buying this stock is not a call option on anything. Don't delude yourself.

Odyssey Marine Strikes Major Deal with Discovery Communications

The legal battle could drag on for decades. Try reading Ship of Gold, to gain some perspective on the legal hurdles that must be overcome; they're daunting.