ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Co-founder of OceanGate, company that launched imploded Titanic submersible, plans 'portal to hell' mission

The founder of OceanGate, which operated the submarine to the Titanic that imploded last year, prepares for another underwater mission, this time to the "Portal of Hell."

OceanGate's co-founder prepares to go where no human has gone before a year after five people died when the company's submersible imploded on its way down to the Titanic.

Co-founder Guillermo Söhnlein, who runs Blue Marble Exploration, will send a submarine down a 663-foot, underwater sinkhole that completely surrounds the Bahamas.

That drop is a scientific estimate, as no human has ever reached the bottom, Popular Mechanics reported

"The Sapphire Abyss expedition … is poised to revolutionize our understanding of one of the world’s most mesmerizing underwater caverns," Blue Marble Exploration's website says. 

ONE YEAR AFTER OCEANGATE'S SUB IMPLOSION…

Officially known as Dean's Blue Hole after a Bahamian fisherman, the cavernous crater has seduced risk-taking divers to reach its bottom. 

However, all have died trying, including an American in 2013, according to Popular Mechanics. 

Because of its size, unknowns and unforgiving nature, the geographical phenomena morphed into fabled lore about the devil himself living at the bottom of the hole. 

BILLIONAIRE PLANNING ‘RETURN TO THE TITANIC’ DESPITE DOOMED TITAN SUBMERSIBLE VOYAGE

Others believe it leads directly to hell, hence the nickname "Portal to Hell."

"In the first comprehensive scientific survey of the area, our scientists will tap cutting-edge underwater ROV technology to remotely venture into some of Earth’s least hospitable conditions in search of unprecedented findings," the website says.

Unlike the fatal disaster mission to the Titanic, which is 12,500 feet below the surface, this mission will be carried out solely by professionals and will not include tourists, Söhnlein told The Independent.

The goal of the mission down the "Portal of Hell" is "to unlock new knowledge about marine ecosystems, Earth’s ancient climate and potentially reveal undiscovered species," Blue Marble Exploration's site says.

 CLICK HERE TO GET THE FOX NEWS APP

"Dean’s Blue Hole remains virtually unexplored," the site says, which makes it an "ideal location" for potential scientific discovery. 

"This expedition offers a rare opportunity for investors to support pioneering research that could yield transformative insights and global environmental benefits."

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.