The Wall Street Journal is reporting that a equity holders and lenders behind Premier Exhibitions have made a $17.5 million offer to acquire the company. The entities involved are PacBridge Capital Partners Ltd., as well as funds affiliated with Apollo Global Management LLC and Alta Fundamental Advisers LLC and other equity holders as well. The papers were filed with the court on 15 June 2018. According to the Wall Street Journal:
The prospective buyers will hold the sale process open to other qualified bidders, with Aug. 8 as the proposed bid deadline. If other interested bidders come forward, an auction would be held on Aug. 13.
This is a very interesting turn of events. Up till now all attempts to sell the artifacts have failed to materialize (including the more recent famous one by James Cameron). Whether this will bear fruit or wither on the vine remains to be seen. You can view the document here.
Source:Titanic Artifacts May Soon Join Apollo, Alta Portfolios (Wall Street Journal, 20 June 2018)
Today is the Summer Solstice in the Northern Hemisphere. For those below the equatorial line, it is the Winter Solstice. The June Solstice usually takes place between June 20-22. For those in the Northern Hemisphere, it usually is the longest day of sunlight as the North Pole tilts directly towards the sun. Which translates into more sunlight particularly the further north you live. For those more closer to the North Pole (Alaska, parts of Canada, and Scandinavian countries)the sun literally never sets during this time of year. Of course the reverse is true in the Southern Hemisphere. They get less sunlight on the June Solstice and the closer you are to the Antarctic Circle means less sunlight or total night.
The coming of summer is usually a time for celebration in many cultures. Festivals in Northern Europe celebrate summer and the fertility of the Earth. Bonfires are lit and homes are decorated to mark the festival. Many cultures honor the sun in some fashion. Modern day pagans and druids also celebrate the day with their own festivals and many go to Stonehenge in England to witness the first rays of summer.
Titanic postcard with eerie message written by maid goes up for auction (New York Post, 19 June 2018) A postcard written by a maid on the Titanic to a friend which said “wish you were here” is expected to fetch more than $26,000 at auction.
Sarah Daniels wrote to pal Nell Green on April 11, 1912 – four days before the doomed liner hit an iceberg and sank which resulted in 1,503 lives lost. The pencil-written postcard, which bears a black-and-white picture of the Titanic, was addressed to Miss Green of Birmingham, England. The card has a post stamp of Queenstown, now Cobh in Cork, Ireland, which was the port from which mail written on board was posted.
-The postcard will be auctioned as part of a lot on July 18, 2018 by Warwick & Warwick Auctioneers.
Premier Exhibitions Update:
The Lawsuit is filed….After obtaining permission to pursue legal action, the Equity Committee of Premier Shareholders has filed suit against Mark Sellers, Sellers Capital, Daoping Bao and others alleging breach of fiduciary duty, a hasty merger with Daoping Bao without proper consideration of the merger, other opportunities, proper accounting review of Dinoking among other things. In short, you guys did a lousy job of running the company and an even more lousy job with merging with DinoKing. And now we want the shareholders, who lost equity in all of this, to get compensation. Ought to be interesting to watch. You can read the complaint here.
Summer is here and kids want to play? How about a Titanic Bouncy Slide?
The recent Taste of Charlotte festival usually has little controversy. This year for the event there was an inflatable slide in the shape of the sinking Titanic. It struck many as odd and in some cases offensive reported Fox46. Now this slide has been around for a while so it is nothing new. And while some did not like it, others had no problem having fun. Fun or tacky? Well I have said it before, if you turn tragedy into something like this you are bound to not appreciate that 1,500 died on a cold April night in 1912.
Source:Fun or Offensive? ‘Sinking Titanic’ slide at Taste of Charlotte turns heads (Fox46,12 June 2018)
Premier Exhibitions Update-On May 25, 2018 the Bankruptcy Court granted the Equity Committee legal standing to pursue claims against current and former officers and directors of Premier Exhibitions. In short it means they have the ability to demand they pay damages to help reduce the outstanding debts of the company. Since they have retained counsel, it means they expect it will result in litigation to determine whether they are liable and if so, how much they will have to pay.
View original document here.
View materials on the case here.
New Details on Secret Navy Mission Where Titanic Was Found-Some years ago it was revealed Titanic was discovered as part of a secret Navy mission that Ballard was on. He was sent on a mission to try to find out how two U.S. nuclear submarines had sunk. Using new submersible technology Ballard found those wrecks and the approximate location of Titanic. The National Geographic Museum in Washington D.C. reveals more of the details of that secret mission. “Titanic: The Untold Story” delves into the many details that have not been publicly revealed until now.
In 1985, Ballard’s mission was to dive to depths of 9,800 feet using a towed camera system called Argo to find and document the imploded remains of the Scorpion. The objective of the mission was to locate the submarine’s nuclear reactor and nuclear weapons and to gain evidence to help determine what led to her loss. After concluding his successful investigations of the Scorpion, Ballard used the final 12 days of his expedition to discover the RMS Titanic at a depth of 12,540 feet. The following year, while the public was enthralled and distracted by the discovery of the Titanic, Ballard returned on a second classified mission to the Thresher and Scorpion.
Visitors will view artifacts, materials and photographs from the U.S. Navy Archives, and see the submersible Alvin that dived to Titanic. They will also see a variety of Titanic related artifacts from the National Archives and movie memorabilia from 20th Century Fox.
Today is Memorial Day, a day set aside to remember those who gave all to serve this country. At national cemeteries and smaller ones around the country, flags and flowers have been placed to remember them. We also remind ourselves that freedom is not easily granted, often requires great sacrifice. President Lincoln made note of this in his famous 1863 Gettysburg Address:
But, in a larger sense, we can not dedicate, we can not consecrate, we can not hallow this ground. The brave men, living and dead, who struggled here, have consecrated it, far above our poor power to add or detract. The world will little note, nor long remember what we say here, but it can never forget what they did here. It is for us the living, rather, to be dedicated here to the unfinished work which they who fought here have thus far so nobly advanced. It is rather for us to be here dedicated to the great task remaining before us—that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion—that we here highly resolve that these dead shall not have died in vain—that this nation, under God, shall have a new birth of freedom—and that government of the people, by the people, for the people, shall not perish from the earth.
If you have studied Titanic long enough, you are sure to come across various conspiracy theories. They vary from the supernatural (mummy curse) to the exotic (the Iluminati). And some that are even a stretch for conspiracy theorists to wrap around (like time travel or German submarine sinking Titanic). Then there is the switch theory.
What is the switch theory? That White Star switched the ships so that the actual ship that sank was Olympic not Titanic. The reason varies on who is making the claim. Some years ago Robin Gardiner made the claim in his book Titanic:The Ship That Never Sank? that it was done so that White Star could collect damages on the new ship.
The underlying reason for the switch is the HMS Hawke collided with Olympic in 1911. Olympic was determined to be at fault and Lloyd’s of London refused to pay the claim to White Star. So they decided to switch ships and sink Titanic to claim insurance. Of course the planned sinking went awry and you know the rest.
The book is still out there and has some believers on You Tube and elsewhere repeating it as fact to this day. Enter into the fray Myles Power who decided to take on this claim on his YouTube channel. And it certainly has gotten a lot of interest as newspapers like the Daily Star reporting on it. Power spends a lot of time going through the claim and debunking it. At last check it had over 37,000 views and growing.
I read the book when it first came out and shook my head after I closed the last page. It ought to have been an alternative history book. He is not the first nor likely the last that has come up with wildly speculative (and sometimes entertaining) conspiracy theories. In the age of the Internet though, Gardiner is finding that his claims can be debunked for the whole world to see. No word from Gardiner on what he thinks about all of this. He is probably hoping you will spend money at Amazon to buy his book. Check out your local library and see if you can check it out for free.
FYI: Here is a post I did back in 2014 that goes through many of the various theories about Titanic sinking including the conspiracy and supernatural ones.
Relative of Titanic survivor accused of cowardice clears his name (5 May 2018,Hereford Times) Documents and letters written by Sir Cosmo and his wife, a famous fashion designer of her day, came to light in a cardboard box lying for over 100 years in a solicitor’s offices. “I received a phone call out of the blue saying they had found a box with my family name on it and would I like to have it,” said Sir Andrew. “Of course, I said yes.” The find reveals not just the events of that night, which show beyond doubt that the Duff Gordons acted quite properly, but also includes a long list of Lady Duff Gordon’s possessions.
World-renowned Titanic expert Gowan passes away (6 May 2018, Corsicana Daily Sun) “Phil was arguably the top Titanic passengers and crew expert in the world.” Trower said Gowan’s research of the people was groundbreaking in that he was the first to come up with concrete numbers, that are now called the Gowan Numbers. His research revealed that 1,496 people died on the Titanic, and 712 survived. His research was duplicated by others who came up with the exact same numbers, so his are considered the Gold Standard now, Trower said. “We could sit down to dinner as we did in 2013, and Phil could regale us with stories about the passengers, those who lived and died — his knowledge was limitless,” he said. “We could talk on the phone, in person, via email … but he hated text messaging. Refused to do it. He’d never have the same story twice — he had that deep of a knowledge of the stories.”
On 6 May 1937 the German passenger airship Hindenburg caught fire and was destroyed while trying to dock at Naval Air Station Lakehurst near Lakehurst, New Jersey. Of the 97 passengers and crew, 35 perished and one worker was killed on the ground.
Airships were a popular way to travel. They were comfortable and often afforded their passengers the ability to see things that passengers of airplanes would not often see. The Germans had perfected the use of airships while the United States suffered humiliating crashes that confounded designers. The German Zeppelins used hydrogen for many years without any major incident until 1937.
The event was caught on newsreel and on radio. Herbert Morrision’s radio coverage is classic and you can listen to at History.com. You can also listen to this one on YouTube which points out that Morrison’s voice was much higher than normal due to the tape recording speed (he was known for his deep voice). His actual audio report sounds different when you hear it as it ought to have been. A British Pathe newsreel of the disaster be viewed here.
While sabotage was suspected, neither the American or German inquiries concluded that was the cause. The American report concludes:
The cause of the accident was the ignition of a mixture of free hydrogen and air. Based upon the evidence, a leak at or in the vicinity of cell 4 and 5 caused a combustible mixture of hydrogen and air to form in the upper stern part of the ship in considerable quantity; the first appearance of an open flame was on the top of the ship and a relatively short distance forward of the upper vertical fin. The theory that a brush discharge ignited such mixture appears most probable.
The many theories that continue to persist are:
Mythbusters examined the incendiary paint hypothesis and concluded it did not cause the catastrophe. Many believe the most likely reason for the explosion is that a tiny tear in the fabric or an exposed piece of metal was the entry point for static electricity to ignite the hydrogen. Hydrogen would never be used again for airships after this.
Airships faded from use though the famous Goodyear blimps over sports and other events are used to film the events below. And with the desire to conserve our environment these days, helium filled airships may yet return as a means of travel.
According to Richmond News, Titanic:The Artifact Exhibition will be at the Lipont Centre in Richmond, Canada from 23 June 2018-11 Jan 2019. The newspaper reports that that Lipont was selected because of its spaciousness and convenient location. Toni McAfee, executive director of Lipont Centre, told the newspaper: “At Lipont Place the Titanic exhibition will find a natural home allowing both the venue and the exhibition to make their debut in Metro Vancouver,” says McAfee. “We look forward to welcoming all visitors, local and international, to the magnificent space and this world-class exhibition.”