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: warrant
about 9 years ago
0
in response to PYPR's message

PIPER, keep the faith. If you are referring to the BIG market as the NASDAQ, we can't get there until the price rises to the $5.00 level and also satisfy the other criteria as dictated by that market. The price will continue to languish until investors know #1. The decision by PWC on how the value of the UA is reflected in our financial statements #2. The appointment of our Financial Adviser and the resultant Financing arrangements/contracts made with the various financial institutions and /or other investors #3. The signing of the CCC-Oman (construction) Contract........ There are a myriad of other considerations that are holding the stock price at bay, but I believe the three aformentioned items are the next logical steps that need to be accomplished (I'm certain they are being addressed) before things "really get cookin". Sooo as far as qualifying for the NASDAQ, it's the old"chicken or the egg" quandary. Our stock isn't getting the "BIG" attention needed to move the price because of the underlying uncertainties as stated. Once these get completed,$2.30/share will be absolutely laughable, Bill

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bill4810
City
Holland, Pa.
Rank
President
Activity Points
4466
Rating
Your Rating
Date Joined
04/13/2009
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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