1. It was announced just before the Easter holiday that Premier Exhibitions is merging with Dinoking, a Canadian company that produces the “Dinosaurs Unearthed” exhibit. Premier will acquire all outstanding shares and its principal shareholder Daoping Bao will take over as president of the combined company. The deal is subject to shareholder approval in August. According to terms of the deal, Dinoking will become a subsidiary with 47 percent of the voting stock. Now we understand why there was a reverse stock split.
Source: Merger On Deck For Titanic Exhibitor Connected To Hopcat Owner Mark Sellers(6 April 2015, Mlive.com)
2 Folks who live in Killough in Northern Ireland are not happy with plans to modernize the lighthouse at St John’s Point. The lighthouse uses a 6 ton lamp with mercury to light the way for seafarers but authorities want to replace it with an LED lamp. Though the light itself is automatic, its mercury is a cause for a concern. So it must go even though it poses no harm to anyone since the light is atop the lighthouse and the only people who might be at risk would be the occasional person doing routine maintenance. Locals do not want an ugly LED lamp in the lighthouse that once saw Titanic pass by. Ellen Peter says: “If that were to go, all you would have would be a thing like a bicycle light or an airport landing light.”
Source: Campaign To Save Titanic’s Guiding Light(5 Apr 2015,Sky News)
Hobbies are great things to have. They help us from being bored and sitting around the television or the computer all day. Traditional ones like stamp or coin collecting sometimes lead to bigger things. Or in the case of John Siggins of the UK to turn a shed into a replica of Titanic’s dining room. Siggins, who works as as railroad engineer, has been working on this project for many years. It began when he got a blanket once owned by a Titanic survivor given when boarding Carpathia. That started him acquiring items from Titanic’s sister ship Olympic. And then slowly converting his shed into a dining room and cabin. He has been doing this for 25 years. Done by hand, he has put up wood panels, chairs, and collected dining sets to make it look authentic. “It’s history. I buy it all because it’s close to my heart. And this is how I want to see it.” And from the picture in the news article, well worth the effort.
Mike Arkus writing in the Huffington Post details a recent visit to Halifax. Halifax has a rich maritime history and of course connected deeply to the Cunard line (Samuel Cunard was born there). His article jabs at the touristy nature of Halifax but does have lots of interesting places to visit. Of course visiting Fairview Cemetery is where many Titanic victims are buried. And the once unknown child now has a name: Sidney Leslie Goodwin.
When you own stocks like Premier Exhibitions (NASDAQ:PRXI), it does not take much to send the stock down. Latest news was not great so the stock tumbled to 73 cents. A year ago it was $1.69. But declining revenues and uncertainty about when the Titanic collection will ever be sold has done its work. Today it actually bounced up to 76 cents before settling back down to closing at 74 cents. I hope no one put their pension money in this stock.
We are under water restrictions here and just about everywhere in California. More dire if you live on Catalina Island, where water is really precious. They have a small desalinization plant that provides only a small fraction of their needs, which comes from two reservoirs that are now looking quite grim. Tourists flock to the island but now restaurants and hotels have to tell customers not to take long showers. Ask for water with your meal and it comes bottled. To conserve water many places are using plastic ware for everyday eating. And hotels now have to start sending laundry to the mainland, which is not cheap.
Lawns are looking bleak these days except if it is a city park or owned by government. Most people have to cut back watering to one or two days a week. Neighbors are being asked to snitch on neighbors who are watering too much. Being green is not so good these days and a green lawn brings attention. Unless it is artificial which some in my area have chosen to do. Quite a lot have simply taken out the greenery and replaced them with rock gardens, wood chips, or drought resistant plants. And a byproduct of this drought is that many areas look more dirtier than usual. Sidewalks in front of homes are not being washed off as before. The city still does power washing certain areas like the downtown area (they and all cities got an exemption from the water restrictions). BART still power washes on Saturday mornings around the San Bruno station.
To close out this Friday Musings, here is a music video from Susanna Hoffs off her November Sun album. Fans of Hoffs will be surprised at how good she looks. Sorry guys, but she has been married to Jay Roach since 1993 and has two boys. The other lady in the video is also the lovely and talented Rosanna Arquette. Have a nice Friday everyone.