Titanic tourist sub missing

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435 posts

Ultimate Geek

#3094190 23-Jun-2023 17:56

neb:
Handle9:

The passengers have massive financial resources so there'll be litigation for many years.

The company will be bankrupt if it isn't already, their IP is worthless, there's nothing there to sue over. Having said that, if their legal setup is as sloppy as their engineering then it may be possible to go after the personal assets of the CEO, but I doubt that's going to amount to much.

The company just lost their biggest asset, their IP is proven worthless as it failed horrifically and the CEO was in it when it did so.

Most of these sort of things run on borrowed money, the tax dept and the bank will be first in line if there is anything left.

The company is as good as gone.

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#3094193 23-Jun-2023 17:57

MarkM536:

What made the theory about 'tapping noises'?

The vessel is fairly thick and a human knocking from the inside doesn't seem like it would emit much of that energy into the surrounding water.

I think the 'knocking' sound occurred from stress buckling, equipment moving or 'safety systems' before the final implosion.

Metal on Metal transmits well under water. The tapping was at 30-minute intervals over quite some time. The implosion would have taken a second or less and there wouldn't have been tapping occurring after that, certainly not at exactly 30 minutes.

It seems the tapping was from something else, given the implosion happened quite some time before?

networkn

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#3094195 23-Jun-2023 18:00

Daynger:

The company just lost their biggest asset, their IP is proven worthless as it failed horrifically and the CEO was in it when it did so.

Most of these sort of things run on borrowed money, the tax dept and the bank will be first in line if there is anything left.

The company is as good as gone.

Pretty much exactly my earlier point. Unless they can find someone with deep pockets, legal action isn't going to amount to much.

I certainly understand the family wanting to 'punish' someone, but there isn't going to much to take, certainly not an amount significant to families who whose members can afford to be on the sub in the first place. I'd be surprised if there was enough to cover legal fees.

They might manage to toss the CEO's wife out onto the street. That will certainly learn them!

networkn

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#3094197 23-Jun-2023 18:01

Ultimately, it seems that everyone involved has paid the ultimate price for what seems upon reflection to be fairly poor decision making.

Handle9

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#3094198 23-Jun-2023 18:06

networkn:

Daynger:

The company just lost their biggest asset, their IP is proven worthless as it failed horrifically and the CEO was in it when it did so.

Most of these sort of things run on borrowed money, the tax dept and the bank will be first in line if there is anything left.

The company is as good as gone.

Pretty much exactly my earlier point. Unless they can find someone with deep pockets, legal action isn't going to amount to much.

I certainly understand the family wanting to 'punish' someone, but there isn't going to much to take, certainly not an amount significant to families who whose members can afford to be on the sub in the first place. I'd be surprised if there was enough to cover legal fees.

They might manage to toss the CEO's wife out onto the street. That will certainly learn them!

Shahzada Dawood had an estimated net worth of over US$130 million.

Hamish Harding had an estimated net worth of over US$1 billion

Their families don't need to find anyone to fund litigation.

johno1234

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#3094201 23-Jun-2023 18:12

"Stockton Rush, the boss of OceanGate, previously admitted to "breaking rules" in order to build his company's Titan submersible, newly released footage has shown..."

https://www.newsweek.com/video-shows-titanic-sub-ceo-saying-he-broken-some-rules-make-this-1808039

Batman

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#3094204 23-Jun-2023 18:23

MarkM536:

What made the theory about 'tapping noises'?

things moving around in the ocean

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Jase2985

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#3094207 23-Jun-2023 18:31

Batman:

MarkM536:

What made the theory about 'tapping noises'?

things moving around in the ocean

russian sub sitting near by trolling everyone

neb

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#3094210 23-Jun-2023 18:40

networkn:
Bottom line is, the CEO was piloting it, he with the greatest to gain from it's success.

And he's now the latest in a long, long line of inventors killed by their own invention.

Or, more accurately, killed by poor engineering. When (for example) Otto Lilienthal was killed by his own invention, there was essentially zero knowledge of how to do what he was doing. For Stockton Rush, there was all the knowledge in the world, highly qualified engineers and safety experts, materials scientists, etc. His "invention" was how to avoid all of that and plough ahead with something that people knowledgeable and qualified in the field told him not to do.

Same with Elon Musk not bothering to fit flame diverters at the SpaceX launch facility, difference was Elon has near-endless VC funding to throw away and he's not experimenting on human subjects (yet).

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#3094211 23-Jun-2023 18:42

Jase2985:
Batman:

things moving around in the ocean

russian sub sitting near by trolling everyone

neb

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#3094214 23-Jun-2023 18:53

networkn:
It seems the tapping was from something else, given the implosion happened quite some time before?

"There doesn’t appear to be any connection between the noises and the location [of the debris] on the seafloor” - Rear Adm. John Mauger, First Coast Guard District.

MarkM536

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Ultimate Geek

#3094217 23-Jun-2023 19:10

networkn:

MarkM536:

What made the theory about 'tapping noises'?

The vessel is fairly thick and a human knocking from the inside doesn't seem like it would emit much of that energy into the surrounding water.

I think the 'knocking' sound occurred from stress buckling, equipment moving or 'safety systems' before the final implosion.

Metal on Metal transmits well under water. The tapping was at 30-minute intervals over quite some time. The implosion would have taken a second or less and there wouldn't have been tapping occurring after that, certainly not at exactly 30 minutes.

It seems the tapping was from something else, given the implosion happened quite some time before?

The main body has been described as carbon fibre, and that looks to be very thick in photos/videos. I could understand for the end caps being metal.

I think 'tapping' has been used to describe the faint noise, rather than certainly knowing the noise was humans knocking/tapping.

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#3094218 23-Jun-2023 19:12

networkn:

It seems the tapping was from something else, given the implosion happened quite some time before?

networkn

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#3094246 23-Jun-2023 21:32

Handle9:

Shahzada Dawood had an estimated net worth of over US$130 million.

Hamish Harding had an estimated net worth of over US$1 billion

Their families don't need to find anyone to fund litigation.

You seem to have misunderstood me. I wasn't suggesting anyone was short of a buck to begin litigation, but the end result of litigation is usually financial settlement and the company they would litigate against will be pretty broke, if they break his company seal they might get to make his widow homeless, and then what? The money they will get is likely to be less than the cost of the litigation in the first place, and certainly, if more, not likely to make much of an addition to pre-existing wealth.

IE a pointless exercise.

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#3094247 23-Jun-2023 21:36

networkn:

Handle9:

Shahzada Dawood had an estimated net worth of over US$130 million.

Hamish Harding had an estimated net worth of over US$1 billion

Their families don't need to find anyone to fund litigation.

You seem to have misunderstood me. I wasn't suggesting anyone was short of a buck to begin litigation, but the end result of litigation is usually financial settlement and the company they would litigate against will be pretty broke, if they break his company seal they might get to make his widow homeless, and then what? The money they will get is likely to be less than the cost of the litigation in the first place, and certainly, if more, not likely to make much of an addition to pre-existing wealth.

IE a pointless exercise.

Once again you are making the presumption that they are looking for a financial settlement. I doubt that's an outcome they'd be looking for, they'd be far more interested in breaking anyone associated with this mess.

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