Shareholder Input Needed on Important Arbitration Matter in Odyssey Marine’s Claim vs. Mexico (NASDAQ:OMEX)

Rhea-AI Summary

Green River Asset Management has published a report urging Odyssey Marine Exploration (OMEX) shareholders to engage with management on the critical topic of pre-award interest. The report highlights that the arbitration award is heavily influenced by this rate, yet Odyssey's experts have proposed a pre-award interest rate that covers only half of the incurred costs. Shareholders are encouraged to familiarize themselves with these issues to advocate effectively for their financial interests. The report aims to provide them with essential analysis and independent insights.

Positive

• None.

Negative

• Experts' proposed pre-award interest rate only covers 50% of incurred costs.

BALTIMORE--(BUSINESS WIRE)-- Green River Asset Management has published a report requesting that shareholders provide their input to Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) (“Odyssey”) management on the subject of pre-award interest. The article can be found at https://greenriverassetmanagement.wordpress.com/

The report notes that pre-award interest is an area of critical importance to shareholders because OMEX’s ultimate arbitration award is extremely sensitive to this rate. Yet, Green River’s research indicates that Odyssey’s quantum experts have requested a rate of pre-award interest that only covers half of the costs incurred over the pre-award period.

Shareholders in Odyssey and subsidiary Exploraciones Oceanicas need to familiarize themselves with issues around pre-award interest and provide their input to management because it is in their best interest to do so. The report will help shareholders quickly get up to speed on the matter by providing both analysis and independent sources of information.

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/20210910005287/en/

Bill Atkinson

443-797-4150

bill@atkinsonstrategic.com

Source: Green River Asset Management

FAQ

What is the report by Green River Asset Management about Odyssey Marine Exploration (OMEX)?

The report urges OMEX shareholders to provide input on the critical issue of pre-award interest, which affects the arbitration award.

How does pre-award interest impact Odyssey Marine Exploration (OMEX)?

The rate of pre-award interest is crucial as it significantly influences the ultimate arbitration award that OMEX may receive.

What did Green River Asset Management find regarding Odyssey's pre-award interest rate?

They found that Odyssey's quantum experts proposed a pre-award interest rate that only covers half of the costs incurred during the pre-award period.

Why is it important for OMEX shareholders to provide input to management?

It is important because shareholders need to advocate for a favorable pre-award interest rate that affects their financial return from the arbitration.