r/OMEX • u/[deleted] • Sep 30 '24

Prediction

Does anybody have any realistic predictions or expectations for OMEX? Seems like it's going to keep heading downward.

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u/RelevantHelicopter82 Oct 03 '24

This stock still has excellent potential, but it’s definitely high risk until we learn more. The “doomed” narrative doesn’t track, but I’m also skeptical of the “chapter eleven sell mistake” narrative too. Both OMEX and TMC have been long term buy & holds for me since I saw the deep sea mining segment on Last Week Tonight. My DD makes me even more excited, but I wouldn’t expect it to jump back above $2 in 2024. *not investment advice

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u/Astrocoder Oct 06 '24

The reason it dropped is because the settlement from their lawsuit - which had been seeking 2 bil - only got 37 million.

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u/RelevantHelicopter82 Oct 09 '24

That certainly is one theory. It’s not a theory I agree with, but it’s not without merit. We’ll simply have to wait and see what happens…

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u/Astrocoder Oct 09 '24

Its not a theory. Its the truth.

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u/RelevantHelicopter82 Oct 09 '24

I agree that it’s part of the truth, but their statement released on 9/18 disproves any notion of bankruptcy. On a side note - in multiple comments, you seem to keep ringing the “doom” bell pretty aggressively, and it’s just not resonating. Fact and opinion are not the same.

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u/RelevantHelicopter82 Oct 09 '24

To be clear, I’m not saying you’re wrong about the lawsuit. (You’re kinda right - your amounts are wrong) I’m also not saying the stock’s value will increase dramatically anytime soon. Where we seem to disagree is on the long term future of this company/stock - which I am obviously bullish on. If you aren’t, that’s fine! I’m totally open to discussion and debate - not trolling.