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: A Question for George at Agoracom

Omagine

almost 10 years ago

in response to jst's message

Shorts don't expire. A "Short"-er has sold shares they don't own. By borrowing on margin They then have to buy "long" shares to Cover. They make money when they cover with shares purchased at a lower price they sold. Shorts will cover when the stock price rises to too much of a loss to cover...on margin based on the securities they hold in their account.

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