In a recent report to the U.S. Securities & Exchange Commission (SEC), Premier Exhibitions reported:
“On June 20, 2016, the Company filed a number of motions in the Bankruptcy Court. Among the motions filed was a motion seeking permission to sell a portion of the Titanic artifacts awarded to the Company pursuant to a 1993 French administrative decree, which are from time to time referred to as the 1987 Artifacts in Company filings. At this time the Company does not know when the Bankruptcy Court will rule on this motion, and does not know the likely outcome of the motion.”
Since those artifacts are not part of the salvage award decision in the U.S., those stringent conditions imposed for sale do not apply here.
Premier Exhibitions (2016, June 20)Form 8-K