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Digest
Odyssey's odyssey
By TIMES WIRES
Published October 7, 2006
summer 2006: Company finds what it believes to be a 17th-century merchant ship that sank near the English Channel, possibly with valuable cargo aboard. Petitions a U.S. judge in Tampa for exclusive salvage rights. John Morris recovers and resumes CEO role. 2005: Company's first shipwreck museum opens in New Orleans - on the eve of Hurricane Katrina. Years-long negotiations to recover cargo of HMS Sussex, a 17th-century British ship thought to contain millions or billions of dollars in coins, are finalized - until a Spanish regional authority intervenes. Co-founder and CEO John Morris discovers he has cancer. Company loses $15-million for the year. 2003: Ending a years-long drought, company discovers wreckage of the SS Republic, a Civil War-era ship, off the coast of Georgia. Recovers tens of millions of dollars in gold and silver coins, thus replenishing coffers, credibility and stock price. But three-quarters of anticipated coins are never found.
[Last modified October 7, 2006, 00:47:36]
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