Spain steals treasure from finders. US Govt. helps

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[TD="colspan: 6"] Revenue [/TD]

[TH="bgcolor: #F7F7F7, align: left"][/TH]
[TH="class: alignRight"]2006
12/31/06[/TH]
[TH="class: alignRight, width: 70, bgcolor: #F7F7F7, align: right"]2007
12/31/07[/TH]
[TH="class: alignRight, width: 70, bgcolor: #F7F7F7, align: right"]2008
12/31/08[/TH]
[TH="class: alignRight, width: 70, bgcolor: #F7F7F7, align: right"]2009
12/31/09[/TH]
[TH="class: alignRight, width: 70, bgcolor: #F7F7F7, align: right"]2010
12/31/10[/TH]

[TD="class: alignRight label, align: left"]Income Tax - Total[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]

[TD="class: alignRight label, bgcolor: #ECF7EB, align: left"]Income After Tax[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](19,088)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](23,833)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](24,841)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](18,628)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](23,343)[/TD]

[TD="colspan: 6"] Minority Interest and Equity in Affiliates [/TD]

[TD="class: alignRight label, bgcolor: #ECF7EB, align: left"]Net Inc Before Extra Items[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](19,088)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](23,833)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](24,841)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](18,628)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](23,343)[/TD]

[TD="colspan: 6"][/TD]

[TD="class: alignRight label, bgcolor: #ECF7EB, align: left"]Net Income[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](19,088)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](23,833)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](24,841)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](18,628)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](23,343)[/TD]

[TD="colspan: 6"] Adjustments to Net Income [/TD]

[TD="class: alignRight label, align: left"]Preferred Dividends[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"](1,555)[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"](107)[/TD]

[TD="class: alignRight label, align: left"]Misc Earnings Adjustment[/TD]
[TD="class: alignRight, align: right"]--[/TD]
[TD="class: alignRight, align: right"]--[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"](383)[/TD]

[TD="class: alignRight label, align: left"]Total Adjust to Net Income[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"](1,555)[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"](490)[/TD]

[TD="class: alignRight label, bgcolor: #ECF7EB, align: left"]Income Available to Common Excl Extra Items[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](19,088)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](25,388)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](24,841)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](18,628)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](23,833)[/TD]

[TD="class: alignRight label, bgcolor: #ECF7EB, align: left"]Income Available to Common Incl Extra Items[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](19,088)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](25,388)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](24,841)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](18,628)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](23,833)[/TD]

[TD="colspan: 6"] EPS Reconciliation [/TD]

[TD="class: alignRight label, align: left"]Basic/Primary Weighted Average Shares[/TD]
[TD="class: alignRight, align: right"]46,151[/TD]
[TD="class: alignRight, align: right"]47,139[/TD]
[TD="class: alignRight, align: right"]49,202[/TD]
[TD="class: alignRight, align: right"]56,212[/TD]
[TD="class: alignRight, align: right"]65,633[/TD]

[TD="class: alignRight label, align: left"]Basic/Primary EPS Excl. Extra. Items[/TD]
[TD="class: alignRight, align: right"](0.41)[/TD]
[TD="class: alignRight, align: right"](0.54)[/TD]
[TD="class: alignRight, align: right"](0.50)[/TD]
[TD="class: alignRight, align: right"](0.33)[/TD]
[TD="class: alignRight, align: right"](0.36)[/TD]

[TD="class: alignRight label, align: left"]Basic/Primary EPS Incl. Extra. Items[/TD]
[TD="class: alignRight, align: right"](0.41)[/TD]
[TD="class: alignRight, align: right"](0.54)[/TD]
[TD="class: alignRight, align: right"](0.50)[/TD]
[TD="class: alignRight, align: right"](0.33)[/TD]
[TD="class: alignRight, align: right"](0.36)[/TD]

[TD="class: alignRight label, align: left"]Dilution Adjustment[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]

[TD="class: alignRight label, align: left"]Diluted Weighted Average Shares[/TD]
[TD="class: alignRight, align: right"]46,151[/TD]
[TD="class: alignRight, align: right"]47,139[/TD]
[TD="class: alignRight, align: right"]49,202[/TD]
[TD="class: alignRight, align: right"]56,212[/TD]
[TD="class: alignRight, align: right"]65,633[/TD]

[TD="class: alignRight label, align: left"]Diluted EPS Excl. Extra. Items[/TD]
[TD="class: alignRight, align: right"](0.41)[/TD]
[TD="class: alignRight, align: right"](0.54)[/TD]
[TD="class: alignRight, align: right"](0.50)[/TD]
[TD="class: alignRight, align: right"](0.33)[/TD]
[TD="class: alignRight, align: right"](0.36)[/TD]

[TD="class: alignRight label, align: left"]Diluted EPS Incl. Extra. Items[/TD]
[TD="class: alignRight, align: right"](0.41)[/TD]
[TD="class: alignRight, align: right"](0.54)[/TD]
[TD="class: alignRight, align: right"](0.50)[/TD]
[TD="class: alignRight, align: right"](0.33)[/TD]
[TD="class: alignRight, align: right"](0.36)[/TD]

[TD="colspan: 6"] Common Stock Dividends [/TD]

[TD="class: alignRight label, align: left"]Div/Share-ComStockPrimIssue[/TD]
[TD="class: alignRight, align: right"]0.00[/TD]
[TD="class: alignRight, align: right"]0.00[/TD]
[TD="class: alignRight, align: right"]0.00[/TD]
[TD="class: alignRight, align: right"]0.00[/TD]
[TD="class: alignRight, align: right"]0.00[/TD]

[TD="class: alignRight label, align: left"]Gross Divid - Common Stock[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]

[TD="colspan: 6"] Pro Forma Income [/TD]

[TD="class: alignRight label, bgcolor: #ECF7EB, align: left"]Pro Forma Net Income[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"]--[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"]--[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"]--[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"]--[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"]--[/TD]

[TD="colspan: 6"] Supplemental Items [/TD]

[TD="class: alignRight label, align: left"]Interest Expense, Suppl[/TD]
[TD="class: alignRight, align: right"]306[/TD]
[TD="class: alignRight, align: right"]475[/TD]
[TD="class: alignRight, align: right"]196[/TD]
[TD="class: alignRight, align: right"]334[/TD]
[TD="class: alignRight, align: right"]516[/TD]

[TD="class: alignRight label, align: left"]Depreciat/Amort, Suppl[/TD]
[TD="class: alignRight, align: right"]3,140[/TD]
[TD="class: alignRight, align: right"]3,536[/TD]
[TD="class: alignRight, align: right"]2,618[/TD]
[TD="class: alignRight, align: right"]2,276[/TD]
[TD="class: alignRight, align: right"]2,162[/TD]

[TD="colspan: 6"] Normalized Income [/TD]

[TD="class: alignRight label, align: left"]Total Special Items[/TD]
[TD="class: alignRight, align: right"]--[/TD]
[TD="class: alignRight, align: right"]--[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]383[/TD]

[TD="class: alignRight label, bgcolor: #ECF7EB, align: left"]Normalzd Income Before Tax[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](19,088)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](23,833)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](24,841)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](18,628)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](22,960)[/TD]

[TD="class: alignRight label, align: left"]Efct/SpecItemsIncTxs (STEC)[/TD]
[TD="class: alignRight, align: right"]--[/TD]
[TD="class: alignRight, align: right"]--[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]

[TD="class: alignRight label, align: left"]IncTxsExcl ImpctofSpec Itms[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]
[TD="class: alignRight, align: right"]0[/TD]

[TD="class: alignRight label, bgcolor: #ECF7EB, align: left"]Normalized Income After Tax[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](19,088)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](23,833)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](24,841)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](18,628)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](22,960)[/TD]

[TD="class: alignRight label, bgcolor: #ECF7EB, align: left"]Normalzd Inc Avail to Common[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](19,088)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](25,388)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](24,841)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](18,628)[/TD]
[TD="class: alignRight, bgcolor: #ECF7EB, align: right"](23,450)[/TD]

[TD="class: alignRight label, align: left"]Basic Normalized EPS[/TD]
[TD="class: alignRight, align: right"](0.41)[/TD]
[TD="class: alignRight, align: right"](0.54)[/TD]
[TD="class: alignRight, align: right"](0.50)[/TD]
[TD="class: alignRight, align: right"](0.33)[/TD]
[TD="class: alignRight, align: right"](0.36)[/TD]

[TD="class: alignRight label, align: left"]Diluted Normalized EPS[/TD]
[TD="class: alignRight, align: right"](0.41)[/TD]
[TD="class: alignRight, align: right"](0.54)[/TD]
[TD="class: alignRight, align: right"](0.50)[/TD]
[TD="class: alignRight, align: right"](0.33)[/TD]
[TD="class: alignRight, align: right"](0.36)[/TD]
() = Negative Value
Values are displayed in Thousands

If you ask me. Even if they got all of the money... I don't think the investors would see much of a return on their investment. If every single penny from the 17 Million you estimate... With 73 Million Shares outstanding, that leaves about $0.23 per share profit (if every single penny went to shareholders)


They sure do lose a lot of money every year...

Let's not forget that they pay millions annually in salary. I'm sure that the people who work for OMEX are bummed, but sipping some Louis XIII and smoking some Habanos while they wallow in their sorrow.
 
The 500 million number came from a newspaper, not Odyssey as Odyssey has never put a value on the load. Also, over 99% of the total number of coins were/are silver, not gold.

As for the US Federal/Supreme court, they never ruled that the coins belonged to anyone, what they ruled that US courts did not have jurisdiction due to Sovereign Immunity of the ship which the courts held to be a war ship. Most of the historical facts show that the Mercedes was a Spanish mail ship more in the line of the Royal Mail Ships i.e. RMS Titanic than a state ship of war. However, for a number of reasons, some of them quid pro quo between the US State Department and Spanish Foreign Office, these facts were not given a full hearing. Then there is also the fact that the decedents of the original owners were found in South America and have not received compensation in any form.
 
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