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: TURN THE DOGS LOOSE

Omagine

almost 10 years ago

in response to bill4810's message

I believe Bill is correct. I don't think the historical figures of 4.5 million shares and the 1.54 trigger have any specific meaning for the present situation other than to indicate the agressive historical short attacks on OMAG. A thinly traded stock like this that historically experiences bumps on good news and then relapses is just too attractive a target to the short wolves. They should get their come uppance this time.

It looks like the short data comes out on the first and mid month, so we won't see any hard data for a little while.