BeaconEquity.com announces the publication of an article covering the court ruling that Odyssey (OMEX) must return 17 tons of treasure back to Spain, and the company planning to file a written objection.
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
“Odyssey Marine Exploration Inc. (Nasdaq: OMEX) saw its shares nearly halved last week after a federal judge ruled the Florida-based deep-sea explorers should give the 17 tons of shipwreck treasure back to Spain.”
Odyssey asserts the returning of treasure to Spain defies logic and reason; plans to file objection:
“Odyssey, addressing questions brought by intense international media coverage, made this statement, ‘Returning the coins to the Spanish Government when they never owned them defies logic and reason. We also disagree with the Magistrate's apparent assumption that a vessel was found at the site. Furthermore, the Magistrate accepted facts as presented by Spain without giving Odyssey an opportunity to cross examine witnesses at a trial.’ … But determined to win the battle, Odyssey said it will file its objection and will continue to vigorously defend its rights to what it has legally recovered and submitted to the jurisdiction of the court.”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
Beacon Equity Research
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