Omagine

Just FYI page 48 and 49 of the shareholders agreement outlines how many shares of LLC there are and when they are distributed.

I am starting to understand and agree with John Paul's other point of view for the major milestones. While the land value is substantial, the way the land needs to be developed is completely dictated by the DA. I don't think we could just sell the land for $718,000,000 as is, or if it was developed in to anything other than Omagine. Put another way, the value of the Usufruct Agreement may be less than the value of the land. That said, I like to believe that these values should start converging as John Paul's milestones are met.

Lastly, Omagine has been in the news lately on a lot of sites. My only gripe is that most of the content of these articles is just regurgitation of the filings or reposts of the same article. I think it will be a nice sign when there are more original pieces and commentary on the project.