Omagine

Company has signed a Development Agreement with the Government of the Sultanate of Oman. Omagine Owns 60%; Sultanate Owns 25%; Consolidated Contractors Owns 15%. Project to be developed on 245 acres of beach front land on Gulf of Oman. The estimated cost approximately $2.5 Billion. BNP Paribas To Lead Construction Financing Syndicate.

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Re: Let's see if we can break $2 today...

Omagine

about 12 years ago

in response to anithaanil's message

Is your friend saying the trading was short covering? That is, people who had shorted the stock were now buying to cover their shorts? How would he know unless he placed the trades for his clients who had been short? Otherwise, this is just rumor. In the past, there have been nefarious evil doers trying to scare investors with stories that this stock was heavily shorted. Given the lack of liquidity, not sure how that could be.