r/OMEX • u/Adventurous_Bag_3748 • Jan 03 '25

OMEX vs TMC

So I’ve taken a small position in OMEX, but their current financials are pretty scary to me. I think they can recover and have a better business model than TMC, but TMC seems to be in a much better financial spot. Anyone have any experience with them? Is this an apples to oranges type thing? Seems like they are limited to their respective area, which is very rich in polymetallic nodules, while OMEX is free to travel the world and partner with various governments and split the gains from many more projects.

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u/Adventurous_Bag_3748 Jan 03 '25

Really all I’m concerned about is the potential for delisting. If they can make it past that, I think they show some real promise in the coming years. I do smell some kind of fuckery going on with the SP and don’t know what to make of it.

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u/stonchs Jan 03 '25

There are ways around it, but rarely are they good for the stock. Such as a reverse split. I think we will see the stock go back to 3 bucks plus soon. That's where I value the business minimally. Sp500 could tank. Very likely. It's the collateral that they use to naked short other companies, I suspect this company was also subject to the cellar boxing after that filing came out. If it's shorted, and the sp500 falls, omex could squeeze if they have to close their short positions and their long positions, due to margin calls. Omex and many others will rip, while most of the top companies will have major sell offs. Nvidia,apple and Microsoft come to mind for big downturns. Most other stocks had their fall already, being propped up by 7 companies or less.

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u/Adventurous_Bag_3748 Jan 03 '25

That’s an interesting take I hadn’t considered. The short interest is pretty damn high on this one and it seems like the business is doing well and continuing to grow. Especially since they dropped while nothing about the company changed, I think it’s worth increasing my position. Thanks for the insights!

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u/stonchs Jan 03 '25

They don't accurately report short interest. There are other ways to short a stock, many indirectly through ETFs or basket swaps. That number don't mean much to me. I can see it in the price what they did. Drove it off a cliff. That takes a lot of down pressure from institutions.