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.
in response to lebnjb@ameri's message

NICK, not a problem. That will be well down the road, after the shorts are squeezed out. Once you're ready to sell, send, or deliver them to your brokerage firm yourself,and sell away. That entire process will take a couple of days--at the most. No Nicholas,the whole idea is to squeeze them out now while the stock is still laboring in neutral. Once we shed the shorts and the stock begins to achieve the levels we fully expect, they will either stay out of the stock altogether, or as George (AGORACOM, not Clooney, Bush or Washington) stated recently, they may go long (they are professional traders) and enjoy the ride up, along with us. George, who deals with small stocks stated that he sees this type of "reversal" quite often. Meaning, a favorable announcement is made (in our particular case---the signing) ,the stock jumps in price, the shorts pile in, and drive the share price down---they make a killing. At some point the cream rises to the top, the shorts realize they will GET killed.and they cover. Remember, the exposure to a short is infinite. If a long owns a $3.00 stock, the most he/she can lose is $3.00/share. (Unless the stock is purchased on margin--but let's not muddy the water with that). The shorts, on the other hand, can lose a lot more than $3.00/share. If they stubbornly stay short as the price rises, they can theoretically lose their house,spouse, car,and savings. At some point the brokerage firm will force the short out, but it could be too late. Selling short is for the professionals,----Bill.

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bill4810
City
Holland, Pa.
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04/13/2009
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Omagine
Symbol
OMAG
Exchange
OTCQB
Shares
20,799,937 as of 01/04/2017
Industry
Bricks & Mortar
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