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 Comment

Omagine

almost 10 years ago

in response to mdb's message

I'm not buying the concept shorting the stock as the reason the price hasn't taken off. Doesn't make sense to me. There has been little to no interest in this stock unitl last week. It wasn't on anyone's radar except for a few investors. Who would short it?

I don't have a reasonable explaination either....last time we were close to signing the DA the stock almost hit $5.00. Now that it has been signed...only $2.50. Something doesn't add up.