Monday, May 21, 2007

Company Finds $500 Million Undersea Treasure

Odyssey Marine Exploration Inc. (OMR), which is a small stock which trades on the American Stock Exchange and is in the business of finding and retrieving undersea sunken shipwrecked treasures, disclosed that they retrieved $500 million from a shipwreck last year, and they have just discovered another shipwreck off the coast of England.
This company currently has negative earnings, a stock market capitalization of about $314 million, and should be considered very speculative.

Author does not own the above stock.

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