New Research Describes Odyssey Marine’s Strong Position in Arbitration vs. Mexico (NASDAQ:OMEX)

Rhea-AI Summary

Green River Asset Management's report on Odyssey Marine Exploration (OMEX) emphasizes the strength of its investment case. The report suggests that Odyssey could win its arbitration Claim, with potential awards ranging from $500 million to $3 billion. Despite OMEX's market capitalization being around $70 million, the report notes that shares reflect less than a 10% chance of achieving an average arbitration outcome. The latent value in Odyssey's shares has attracted seasoned litigation investors increasing their stakes.

Positive

• Potential arbitration award between $500 million to $3 billion.
• Current market cap of around $70 million undervalues arbitration prospects.

Negative

• None.

BALTIMORE--(BUSINESS WIRE)-- Green River Asset Management has published a report on Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) (“Odyssey”) entitled, “Odyssey Produces Smoking Gun in Bombshell Filing; Mexico Stretches for Defense.” The article can be found at https://greenriverassetmanagement.wordpress.com/

In the article, Green River outlines the arguments made by Odyssey and Mexico in their respective legal filings and concludes that the investment case for owning Odyssey equity remains strong.

Green River believes that OMEX is likely to win its arbitration Claim on merit and that an award in the range of $500 million to $3 billion is probable. With OMEX trading at a market capitalization of ~$70 million at the time of publication, shares are discounting less than a 10 percent probability of an average arbitration outcome.

The latent value in Odyssey shares expressed by Green River explains why seasoned litigation investors, such as Drumcliffe LLC, FourWorld Capital Management, and Two Seas Capital have increased their stakes in Odyssey’s equity.

Forward Looking Information

This Press Release may include "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause outcomes to differ materially from those in the forward-looking statements are set forth in "Risk Factors" in Part I, Item 1A of Odyssey’s Annual Report on Form 10-K for the year ended December 31, 2020, and Odyssey’s other filings with the Securities and Exchange Commission. The possible outcomes of the matter described herein will depend upon unpredictable future events, many of which are beyond Odyssey's or Drumcliffe’s control and, accordingly, no assurance can be given that any desirable outcome will occur.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210903005285/en/

Bill Atkinson

443-797-4150

bill@atkinsonstrategic.com

Source: Green River Asset Management

FAQ

What does the Green River report say about Odyssey Marine Exploration (OMEX)?

The report states that Odyssey's investment case is strong, predicting a likely win in arbitration with potential awards between $500 million and $3 billion.

How does OMEX's current market capitalization affect its investment outlook?

OMEX's market capitalization is approximately $70 million, suggesting that the shares are undervalued, discounting less than a 10% probability of an average arbitration outcome.

Who are the investors increasing their stakes in OMEX?

Investors such as Drumcliffe LLC, FourWorld Capital Management, and Two Seas Capital have increased their stakes in Odyssey's equity.

What are the potential risks associated with OMEX's arbitration outcome?

The outcome of the arbitration is uncertain, relying on unpredictable future events beyond Odyssey's control, as indicated in the forward-looking statements.