Spain steals treasure from finders. US Govt. helps

[HowardE]

Revenue
	2006 12/31/06	2007 12/31/07	2008 12/31/08	2009 12/31/09	2010 12/31/10
Income Tax - Total	0	0	0	0	0
Income After Tax	(19,088)	(23,833)	(24,841)	(18,628)	(23,343)
Minority Interest and Equity in Affiliates
Net Inc Before Extra Items	(19,088)	(23,833)	(24,841)	(18,628)	(23,343)
Net Income	(19,088)	(23,833)	(24,841)	(18,628)	(23,343)
Adjustments to Net Income
Preferred Dividends	0	(1,555)	0	0	(107)
Misc Earnings Adjustment	--	--	0	0	(383)
Total Adjust to Net Income	0	(1,555)	0	0	(490)
Income Available to Common Excl Extra Items	(19,088)	(25,388)	(24,841)	(18,628)	(23,833)
Income Available to Common Incl Extra Items	(19,088)	(25,388)	(24,841)	(18,628)	(23,833)
EPS Reconciliation
Basic/Primary Weighted Average Shares	46,151	47,139	49,202	56,212	65,633
Basic/Primary EPS Excl. Extra. Items	(0.41)	(0.54)	(0.50)	(0.33)	(0.36)
Basic/Primary EPS Incl. Extra. Items	(0.41)	(0.54)	(0.50)	(0.33)	(0.36)
Dilution Adjustment	0	0	0	0	0
Diluted Weighted Average Shares	46,151	47,139	49,202	56,212	65,633
Diluted EPS Excl. Extra. Items	(0.41)	(0.54)	(0.50)	(0.33)	(0.36)
Diluted EPS Incl. Extra. Items	(0.41)	(0.54)	(0.50)	(0.33)	(0.36)
Common Stock Dividends
Div/Share-ComStockPrimIssue	0.00	0.00	0.00	0.00	0.00
Gross Divid - Common Stock	0	0	0	0	0
Pro Forma Income
Pro Forma Net Income	--	--	--	--	--
Supplemental Items
Interest Expense, Suppl	306	475	196	334	516
Depreciat/Amort, Suppl	3,140	3,536	2,618	2,276	2,162
Normalized Income
Total Special Items	--	--	0	0	383
Normalzd Income Before Tax	(19,088)	(23,833)	(24,841)	(18,628)	(22,960)
Efct/SpecItemsIncTxs (STEC)	--	--	0	0	0
IncTxsExcl ImpctofSpec Itms	0	0	0	0	0
Normalized Income After Tax	(19,088)	(23,833)	(24,841)	(18,628)	(22,960)
Normalzd Inc Avail to Common	(19,088)	(25,388)	(24,841)	(18,628)	(23,450)
Basic Normalized EPS	(0.41)	(0.54)	(0.50)	(0.33)	(0.36)
Diluted Normalized EPS	(0.41)	(0.54)	(0.50)	(0.33)	(0.36)

() = Negative Value
Values are displayed in Thousands

If you ask me. Even if they got all of the money... I don't think the investors would see much of a return on their investment. If every single penny from the 17 Million you estimate... With 73 Million Shares outstanding, that leaves about $0.23 per share profit (if every single penny went to shareholders)


They sure do lose a lot of money every year...

Let's not forget that they pay millions annually in salary. I'm sure that the people who work for OMEX are bummed, but sipping some Louis XIII and smoking some Habanos while they wallow in their sorrow.

 

[Gilldiver]

The 500 million number came from a newspaper, not Odyssey as Odyssey has never put a value on the load. Also, over 99% of the total number of coins were/are silver, not gold.

As for the US Federal/Supreme court, they never ruled that the coins belonged to anyone, what they ruled that US courts did not have jurisdiction due to Sovereign Immunity of the ship which the courts held to be a war ship. Most of the historical facts show that the Mercedes was a Spanish mail ship more in the line of the Royal Mail Ships i.e. RMS Titanic than a state ship of war. However, for a number of reasons, some of them quid pro quo between the US State Department and Spanish Foreign Office, these facts were not given a full hearing. Then there is also the fact that the decedents of the original owners were found in South America and have not received compensation in any form.