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.
Re: Inquiry
about 9 years ago
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in response to stock_shark1's message

But they can't buy shares of LLC on the open market. LLC is not publicly traded. So by buying newly issued shares of LLC, they get access to 100% of the book value of LLC. Also, LLC had nil book value prior to July 1 or 2. It's important to keep in mind that there is a very big difference between buying more shares of OMAG vs buying shares of LLC. Two different companies.

Does this help close the gap in your 100%? :)

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AltonG
City
Basking Ridge
Rank
President
Activity Points
4848
Rating
Your Rating
Date Joined
08/17/2011
Social Links
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Omagine
Symbol
OMAG
Exchange
OTCQB
Shares
20,799,937 as of 01/04/2017
Industry
Bricks & Mortar
Website
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