Odyssey Marine returns 17 tons of silver coins (1 viewing) (1) Guests
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Odyssey Marine returns 17 tons of silver coins Posted at 2012/02/28 03:39
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Odyssey Marine returns 17 tons of silver coins by Jane Meinhardt
Seventeen tons of silver coins recovered from a sunken Spanish ship by Odyssey Marine Exploration left MacDill Air Force _base_ on the way to Spain.
An appellate court ruling last year paved the way for the silver to be released to Spain after several years of litigation over whether or not Odyssey (NASDAQ: OMEX) would keep the treasure found on a shipwreck code named Black Swan.
When the U.S. Court of Appeals in Atlanta affirmed a lower court ruling ordering Odyssey to release the silver to Spain on Sept. 21, the Tampa company’s stock dropped 44 percent, falling to $1.80 before closing at $2.16 in trading that day.
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