Replies

Interesting call
I would not short the stock though since you would be buying into it at some point. I would simply pass on both it and the coins/artifacts. They are certain to be overpriced for years. Later, when the market is saturated, you will see them come down in price on a venue like Ebay.

interesting post from yahoo/OMR message board posted 2 hrs ago:

Project renamed to Black Hole (6 Ratings) 22-May-07 07:28 am
Where is it? Can’t tell you
How much is it worth? Can’t tell you
We recovered 500,000 coins, only 6,000 have been restored.
Are there claims? there probably will be
Are you partners with Disney? umm.. yes.
Is the timing with the movie a coincidence? no no.. just VERY fortunate
How much did you make last year? $5M- about the same as a gas station
You are burning cash at $23M a year, how will you support yourself? We may have to scale back operations.
Will you make $500M off the haul? Well, there are legal, SG&A costs, marketing, etc.. so thats a GROSS figure.

This is all taken from the famous Q&A and various PRs out there.

Rate it:
awful/not related to \pooraveragegoodexcellent

just FYI:

John Edwards Stakes Claim on Pirate Booty

By Brett Arends
Mutual Funds Columnist

snip......Even less well known is who owns OMR.

Biggest shareholder: New York-based Fortress Investments, a private equity and hedge fund manager. Senior adviser and major investor: John Edwards.

Edwards’ personal financial disclosures show he’s an investor in the exclusive Drawbridge Global Macro Fund, which owns the 9.9% stake in OMR.

http://www.thestreet.com/_yahoo/funds/followmoney/10358370.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA