Discovering the Truth Behind Odyssey Marine Exploration OMEX

Ryan Morris of Mason Capital Partners recently published an investigative research report on Odyssey Marine Exploration Co (OMEX) in which he believes that the company is worth zero. Today, the company is losing money and has a market cap of approximately $200 million.

Odyssey describes itself as the world leader in deep-ocean shipwreck exploration, searching the globe’s vast oceans for sunken ships with intriguing stories, extraordinary treasure and precious artifacts spanning centuries of maritime travel.

Mason Capital is short the stock and posted its 66-page investigative research on www.omextruth.com.

I don’t have any involvement with the company meaning that I am neither long or short and have zero interest in taking any positions in the stock. However, I find the report fascinating. The company is responding to the report and will soon hold a conference call in order to keep investors from panicking and selling the stock.