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: Shares

Omagine

about 10 years ago

in response to lebnjb@ameri's message

lebnjb,

My comments were based on what I think I may have read many years back but I have not validated or confirmed the same.

The question for your broker is if/how can you prevent the shares you hold from being 'shorted'. (i.e.) Loaned to someone else who intends to sell them and buy them back at a lower price, hence making a profit and then returning the original borrowed shares.

But perhaps someone here knows more???