The deadline for submitting bids to be a stalking horse bidder for the acquisition of the company’s operating businesses and its assets has been extended to October 9, 2017. According to the press release:
Premier expects to conclude the process by October 9, 2017. In the event that an auction is to be conducted, it is expected that such auction will occur by December 12, 2017, at which time other potential bidders will have the opportunity to bid against the stalking horse bidder.
Among other things, bidders are competing to own the most valuable, unique collection of Titanic assets ever offered for sale. The collection includes approximately 5,500 individual pieces that have been recovered from the wreck site over the course of seven deep sea dives; ownership of video footage, imagery, and other intellectual and personal property; and the opportunity to be designated “salvor-in-possession,” permitting the owner exclusive salvage rights to the wreck and wreck site. The portfolio of artifacts, with enhancements recognizing the value of the intellectual property, was appraised at $218MM in 2014. The auction of the collection is subject to approval of the US District Court for the Eastern District of Virginia, Norfolk Division, and the United States Bankruptcy Court for the Middle District of Florida (Jacksonville Division). For more information, please visit www.titanicartifacts.com.
For those who watch the calendar, today marks the official end of summer and the beginning of autumn with the equinox today at 20:02 UTC (US: 4:02 pm ET/1:02 pm PT). There are two equinoxes in the year: March and September. When these equinoxes occur the sun is directly on the equator, and the length of day and night is almost equal. In the Northern hemisphere, the September Equinox heralds autumn while in the South it is the beginning of spring.
For those of us in the North, it means a transition from summer to winter during this period. Days start getting shorter and nights longer. Depending on where you live, you will likely have moderate warm days followed by long and cooler nights. Harvests of many crops often take place during the fall and in the old days you would make preparations to store food for the winter. Harvest festivals are very popular and in particular Halloween. Pumpkins begin appearing along with all kinds of Halloween decor culminating, of course, in All Hallows Eve (Halloween) on October 31.
Unlike the Australian tycoon who could not even put a rivet to his dream of a Titanic replica, the Chinese are half done on their own version reports the UK Daily Mail.
The construction of a full-size replica of the Titanic in China is now half complete. Builders are said to be working around the clock on the £105 million tourist attraction in order to finish the project by the end of the year. Six out of the nine decks of the ship are said to have been built.
The copy of the luxurious passenger ship, which sank in 1912 killing 1,500 people, will be a part of a grand theme park in Sichuan, south-west China, and will be painstakingly reproduced.
According to press reports and interviews, the ship will be an exact replica but docked permanently as part of the Romandisea Seven Star International Cultural Tourism Resort. And it will also offer people the opportunity to stay aboard and experience what it was like back in 1912. Scrapped from the original plan was the idea of a sinking simulator. It was dropped after it got severely criticized by Titanic groups and descendants of Titanic survivors.
The ship is scheduled to be completed this and open in 2019.
No word if Clive Palmer plans to attend its grand opening.
1. Belfast’s Titanic Hotel Finally Opens After Birthplace Of Tragic Cruise Liner Is Transformed With £28MILLION Make-Over (Daily Mail, 11 Sep 2017) Chairman of Harcourt Developments, Mr Pat Doherty – who managed the project – welcomed family, friends, tourists and locals into the brand new site, which sat empty for thirty years. The dilapidated property, which is located on Belfast’s Queen’s Road, has been revived thanks in part to a £5million grant from the Heritage Lottery Fund. Inside the new Titanic, however, guests will be housed in 120 rooms over four storeys, each with a classic, maritime-chic design. Thankfully, however, many of the original architectural features have been retained. The famous Drawing Rooms, where draftsmen sketched their designs for the ill-fated liner, have been sympathetically transformed into a function room and a bar. One even features the same tiles that lined the Titanic’s swimming pool.
2. Titanic Voyage To Be Recreated On Sydney Harbour (Guardian News, 21 Aug 2017) Beyond Cinema will take up to 1000 passengers on a sightseeing cruise boat for a screening of James Cameron’s hit movie, which starred Leonardo DiCaprio and Kate Winslet from 1997. After buying tickets to first-, second- or third-class decks, they will dress up as if it’s 1912 and eat meals appropriate to their class, with actors on board helping simulate the experience of being on the Titanic. “We’re going to fully theme the boat itself and recreate the atmosphere of the early 1900s,” the company’s creative director, Aden Levin, says. “Everyone will be given instructions on what clothing to wear. “They’ll also be given different characters that they will be on the boat.”
2.On 17 Aug 2017, a default entry of judgment was entered regarding the French Titanic Artifacts. Premier was required to file adverse legal action to compel France to declare whether they claimed ownership of these artifacts. They did not respond so the court has entered a default judgment in favor of Premier Exhibitions. This will allow these artifacts to be put up for auction. Source:Andrew Shapiro,Equity Security Holders of Premier Exhibitions, Inc
As many of you are aware, hurricanes Harvey and Irma have caused tremendous amounts of damage to property and people. Some have lost everything they had and need to rebuild. I am asking readers of this blog to consider donating to help those who have suffered from these catastrophes. Anything you give will be greatly appreciated and help those in need.
Labor Day is a U.S. federal holiday observed on the first Monday in September. It became a federal holiday in 1894 to celebrate workers and their achievements. It has also become the “unofficial” end of summer as by this time schools have reopened and most summer vacations have ended. Both federal and state offices are closed along with schools. It is also a bank holiday as well and the stock markets are closed. However most retail stores stay open while most professionals (doctors,lawyers and others along with their support staff) get the day off.
Labor Day Weekend is here in the United States and that means summer is unofficially over. Straw Hat weather is still in play though. That is an old fashioned term in which men wore straw hats and summer clothing generally from May 15 to September 15. Then straw hats and summer clothing were put away and warmer winter clothing would be put on. Men were expected, even if it was warm, to wear heavy clothing right up to May 15. Today of course that tradition has faded though the hats remain. If you look back at photographs taken at ball games between 1920-1960, most men wore hats and even ties. My how fashion has changed. Today at most sporting events most wear casual clothing such as caps, jeans, and tee shirts. The only people who are dressed formally are league officials.
Summer of course is the warmest time of the year whether in the north or south hemispheres. Days are longer and when clocks are set an hour ahead, you seem to get more sunlight. It is really an illusion we are giving our ourselves. And once the Summer Solstice has come and gone, there a slow but steady decrease in sunlight. By September those seconds of less sunlight have become minutes. The sun is now setting earlier than it did and with the Autumnal Equinox people who left home at 6:30 am in sunlight will soon be in darkness. The days start to become cooler especially the more farther north you are.
Labor Day Weekend though is the time to have one final blast of summer before autumn and then winter sets in. People go out and enjoy a long weekend. Mostly it is a time to relax, go out and have some fun, and toast the end of summer. Retail stores are already clearing space for Halloween and having sales on summer goods. All the goods to be sold at Christmas are already in transit on ships to arrive at major ports and then transported to distribution centers. For now all that needs to be done is to enjoy this last hurrah of summer. Have a nice weekend everyone.