Tuesday, 22 December 2015

OMEX Morphs into MOS

A good piece by Andy Brockman on the recent transformations (or not) of Odyssey Marine Explorations into "Magellan Offshore Services"('OMEX Offloads Shipwreck Risk to Coin Dealer' thePipeLine December 23, 2015).
This latest regeneration sees Odyssey Marine Exploration’s shipwreck business transformed from the NASDAQ listed reality TV action heroes of Discovery’s much missed infomercial series “Treasure Quest,” to becomes a mere jobbing service provider, paid on a costs plus percentage basis, just like the rest of the marine salvage industry. [...] [as] an “affiliate” of California based rare coin dealer and wholesaler Monaco Financial LLC called “Magellan Offshore Services”. 

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