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.
April 1st 10-K Update
over 11 years ago
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in response to lebnjb@ameri's message

Actually, the process was started in earnest as soon as the MOT threw this up in our faces. But it was the RCA that balked, and for good reason, at providing their letter. They believe, as all of us do, that the transition should be done after signing the DA. So this isn't a matter of management sitting by and waiting for a miracle.

I was shocked that the undersecretary of the MOT was caught in such a bold lie (I will give her the benefit of the doubt and assume that some idiot on her staff gave her the wrong info regarding the Finance Ministry's alleged requirement). I was glad to hear that RCA is now threatening to take this to the highest level in Oman (that would be someone's mother, right?).

Might I ask that our fellow shareholders stop selling shares below $2.00? If this request is illegal, then I retract the request. Sigh ...

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AltonG
City
Basking Ridge
Rank
President
Activity Points
4848
Rating
Your Rating
Date Joined
08/17/2011
Social Links
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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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