Titan submersible pilot Stockton Rush once discussed OceanGate’s plans to capitalize on other tragedies of the seas. 'Deepwater Horizon is one of them...is it leaking or not? I think there would be a lot of individuals who would like to go to that.' 🔗
Previous SEC filings outline investments of $5 million in 2019, $5.1 million in 2017, $5 million in 2016, $5 million in 2015, $10 million in 2013, and $3 million in 2012.
“The issue with negative assets is that it’s either one of two things — it’s either financial instability or there’s a dependency on other entities for solvency,” says Michael Thatcher, president and CEO of Charity Navigator, a charity assessment organization. “The latter seems most likely.” This arrangement strikes experts as a cause for concern. “With a nonprofit, you want to have an independent board,” Thatcher says. “It’s not abnormal for there to be someone close to business, but you lose objectivity at that point. The preference would be someone separate. Ideally not paid and not a family member.”
“We cannot attribute a monetary value to search and rescue cases, as the Coast Guard does not associate cost with saving a life,” says U.S. Coast Guard Lieutenant Anne McGoldrick.
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US Coast Guard determined to recover debris of doomed OceanGate Titan subUS Coast Guard officials said recovering debris from the undersea wreckage of the OceanGate Titan sub in the Atlantic Ocean is a priority as a massive probe into the tragedy is gets underway.
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OceanGate CEO Bragged About Using Expired Carbon Fiber to Build Doomed SubOceanGate CEO Stockton Rush reportedly used expired carbon fiber that was 'past its shelf life' to build the doomed Titan submersible.
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Titan sub CEO was on ‘predatory’ hunt for rich clients to join deadly dive, industry leader saysOceanGate’s CEO Stockton Rush was on a “predatory” hunt looking for wealthy clientele to support his doomed deepsea submersible trips to the Titanic, according to an industry expe…
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Titanic submersible: OceanGate believes 5 passengers on missing sub 'have sadly been lost'OceanGate announced Thursday that they believed the five passengers who went missing while attempting to explore the Titanic shipwreck 'have sadly been lost.'
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Bay Area engineer says OceanGate CEO ignored warnings against use of carbon fiber for sub'We all told him, someone is going to be killed in this thing and you've got to not do it,' the president of DOER Marine Operations in Alameda said of OceanGate's CEO, who visited her back in 2015.
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