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.
in response to qwerty1029's message

Qwerty, the presidential outcome and resultant ramifactions it may have on the capital gains %, will of course only concern those stockholders WHO ARE SHOWING A PROFIT! (which we all do hope that the DA is signed soon and the stock performs as predicted). I feel that at current levels,most shareholders are sitting on a loss and unless the stock appreciates substantially before 12/31/12 (which I hope it does) the only tax selling taking place may be the taking of losses , but that could be fatal in that the "Wash Sale" rule applies and one would have to sit on the sidelines (slow torture) and wait 30 days to buy back in(in order to make the loss legitimate).If the stock continues it's run-up during that 30 day wait, you'll die!------This time not leaving on my usual positive note,-----BILL

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bill4810
City
Holland, Pa.
Rank
President
Activity Points
4466
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Date Joined
04/13/2009
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Omagine
Symbol
OMAG
Exchange
OTCQB
Shares
20,799,937 as of 01/04/2017
Industry
Bricks & Mortar
Website
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