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 to our group of investors

Omagine

almost 10 years ago

in response to PYPR's message

We could ask 3.15 or higher but the market makers would short or sell it at 2.99 or less to increase their short position and price would only move to your price if big orders came in to buy, then they could short more at higher prices. My question is where did they borrow 600,000 shares to short. Or are they naked shorting where they don't have to bother borrowing. Has anyone been contacted by a brokerage firm to borrow shares in order to short. I have not.