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: news just out

Omagine

almost 9 years ago

in response to AltonG's message

In our view, there's no trading going on as the market makers are parallized, and don't know whether to snif (change two of the letters!) or go blind. We think that the 28,500 ask trade on the books for the last few days, was bogus, to scare other share holders into putting shares up for sale, so the market makers could cover some shorts. Obviously that didn't work, and they had to short a whole lot more yesterday. Hopefully they'll get squeezed out of their (sniffy) boxer shorts soon, and get onboard with us on the long side.

Lynne Harrell.