It's an offering prospectus, f'sure..a few points:
1. Not all the platinum and other valuables may be recoverable...that's the big question.
2. There will be intense negotiations as to the terms that investors get, and/or will demand. The original group has invested a lot of time and money already.
Let's say that they are looking for $10 mill to compete the recovery. Let's also assume, to make it simple, that the original group has already spent $10 mill.
They might offer terms like this:
Against whatever is recovered, we get our $10 mill back first, then you get your $10 mill back, then you get 10% of anything recovered above that.
An investor might demand an equal split n the first $20 mill..i.e. all costs are recovered first..and then a 25% share of anything above that.
And then they negotiate...
If you see any more on this, hope you'll post it and ping me..
It’s curious that they don’t specify if the platinum was considered US or USSR property at the time of the sinking. Also was this inside or outside of US territorial waters.
They also don’t include information as to the percentage of value that the salvage claim brought and perfected was set at by the court involved.
I can imagine if the spot price of platinum is at 1525 per troy ounce today, we are looking at something north of 2.6 Billion dollars in play here.
It’s my understanding that various claim-holders of ownership claims are all referred to as stake holders and I wouldn’t mind just a tiny 2%.