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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What the heck! Down 40% to $.605 & ask @ $.73 Does anyone know what is going on here? I'm not sure I even want to buy any more, even at this ungodly low price, until I know what is going on and why somebody is unloading so low! This is NOT GOOD! Cheers!

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crookedneck
City
Green Bay, WI
Rank
Mail Room
Activity Points
243
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Date Joined
10/03/2014
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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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