Meson Pushes OMEX Short Over Delayed Environmental Report

Meson Capital Partners LLC, led by Ryan Morris, is continuing its short campaign against Odyssey Marine Exploration Inc (NASDAQ:OMEX), this time arguing that the environmental report (EIA) for its Oceanica project has been intentionally delayed to give the company more time to raise capital.

“We believe OMEX has chosen not to file the EIA because they know it will expose the project as environmentally and economically unviable: most mining projects die in this phase,” Meson Capital writes.

Oceanica EIA delayed by more than a month

The Oceanica project is a phosphate mining operation off the shore of Mexico that...