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: Down today???

Omagine

about 10 years ago

in response to AGORACOM-GT's message

George,

Thank you for that explanation.

Sounds like a very good possibility.

And if true, we can all look forward to a massive 'short squeeze' (which has not been factored into Alton's book value projections) to launch the share price sky high.