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Microcap & Penny Stocks : RMS TITANIC INC (SOST) -- Ignore unavailable to you. Want to Upgrade?

To: DavidCG who wrote (107)	8/15/1998 11:47:00 PM
From: eugenic1	Respond to of 217

Do you know that the pe ratio of this bb otc stock is around 5! The revenues and earnings are interesting. 2Q ending 8-30-97 revs=1.01 mil eps 0.815 mil .05/sh 3Q ending 11-30-97 revs=1.399 mil eps 1.2 mil! .07/sh 4Q ending 2-28-98 revs=1.8 mil eps 1.38 mil .08/sh 1Q ending 5-30-98 revs=2.56 mil eps 1.34 mil .08/sh With the Boston exhibit opening 7-1-98 and continuing through Nov. 98, the 2Q should be very interesting. The exhibits in Japan will cover 6 locations and last about a year. The company now has 11.9 mil cash, with 3 mil debt. A market cap of 23 mil. hmmm.

To: DavidCG who wrote (107)	8/16/1998 10:34:00 PM
From: Michael Paul Langley	Read Replies (1) \| Respond to of 217

Museums worried Titanic's artifacts could be for sale By Viva Press TORONTO, Aug 14 (Reuters) - How would you like to own a first class cup and saucer used on the Titanic? What about an Edwardian ring found on the shipwreck? According to some museums, owning artifacts from the storied liner isn't as far-fetched as some might think. While the raising of a large piece of the hull of the Titanic this week has recently attracted the media spotlight, many museums across North America say they wouldn't display it or other artifacts being brought up in the current excavation. ''We wouldn't show any of their stuff if they put it on tour to come here,'' said Dan Conlin, curator of marine history at the Maritime Museum of the Atlantic in Halifax, Nova Scotia. His museum is not the only one. No member museum of the International Congress of Maritime museums or the Council of American Maritime Museums in North America would display Titanic artifacts that have been raised ''until it was absolutely determined that at the conclusion of the tour the artifacts would not be sold,'' said James Delgado, Chair of the Archeology Committee for the International Congress of Maritime museums. Delgado's cause for concern that the artifacts now being raised out of the North Atlantic is based on RMS Titanic (SOST - news) Inc.'s financial situation. ''RMS Titanic, in their most recent series of filings with the U.S. government, have indicated that they're very seriously in debt,'' Delgado, also executive director of Vancouver's Maritime Museum, told Reuters in a telephone interview. ''They are working to get out of debt but are still several million dollars in debt...it would suggest that the artifact collection could be in danger of being sold off.'' RMS Titanic's assets as of May 31, were $11.9 million while they had total liabilities of $3.1 million, said Allan Carlin, the company's counsel. RMS Titanic, which owns the Titanic's salvage rights, firmly denied it has any intention of selling its artifacts and Carlin called such rumors an ''absolute falsehood.'' ''It is our mission to keep those artifacts in one collection for exhibition. The artifacts will not be sold,'' Michelle Rollman, assistant to RMS Titanic President George Tulloch, told Reuters from the office in New York. Still, those in the museum business are nervous about prospective sales. Delgado points to the coal being sold by RMS Titanic as one of the reasons he is distressed about the potential sale of the artifacts themselves. RMS Titanic has been selling ''authentic'' coal found on the shipwreck for about a year. ''The Titanic coal is not considered an artifact because an artifact is considered something that is man made,'' explained Rollman. ''Coal is a naturally occurring mineral and it's not considered an artifact. It's the only thing we sell from the wreck site.'' So far several thousand pieces of the coal have been sold, at $14.99 a piece with a maximum of two pieces allowed per person, said Rollman. The coal can be purchased by calling the company or visiting their website: (http://www.titanic-online.com). ''On the surface it doesn't bother me much,'' Delgado said. ''But it is a toe in the door. After the coal, what then?'' The company, which also sells replicas of the artifacts it has raised, stressed rumors to sell the original artifacts themselves were unfounded. Some of the replica artifacts include a first class china set, White Star Line cufflinks, and a faux-pearl necklace for sale. It's not that RMS Titanic is making money from selling the story of the ''unsinkable'' ship that struck an iceberg in the North Atlantic on April 15, 1912, killing more than 1,500 of the 2,200 people on board that worries the museums, said Delgado, ''what we hope doesn't happen is that the artifacts end up being sold off because of financial difficulties or because it's a private commercial venture.'' ''Given the fact that they're in debt there is some concern,'' said Delgado. ''Let's say George Tulloch and his group are ousted by unhappy lenders, the lenders could then turn around and sell the artifacts.'' "That worries me," he added. Jerry Ostermiller, executive director of the Columbia River Maritime Museum in Oregon which is part of the Council of American Maritime Museums, shares Delgado's fear that the artifacts may indeed be sold. ''I think in the long run that's going to be their ultimate fate,'' Ostermiller told Reuters on Friday. ''What will happen is these wrecks will invariably be picked apart and their collections scattered and end up in private hands for very selfish reasons.'' RMS Titanic, which has given a verbal commitment not to sell, told Reuters it plans to abide by that ruling so that it can maintain sole rights to salvage the site. In the meantime, more than two million people worldwide have visited the more than 5,000 artifacts raised by RMS Titanic currently being shown in museums in Boston, New York; Hamburg, Germany; and Long Beach, California.