One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: Re: Omagine Investors

Sep 22, 2011 10:00AM

Sep 22, 2011 01:05PM

Sep 22, 2011 02:15PM

Personally, I think people are getting nervous with the markets down so much, so fast and the delay in getting the DA signed ... that they're taking a LITTLE money off the table at whatever "market" price is available. The # of shares changing hands is small.

Here's a question for any and all to ponder ... when thet 40% sale of LLC for ~ $70m was announced last spring, the price went up (over the course of a few mos) to nearly $5/share before settling down recently in the $4 range. The $70m would roughly equate to a little more than $5/share. So would you say the current price already bakes that in (not today's sub-$4, but the earlier mid-$4s)?

And if so, what do you think that will mean once the DA is signed? B/C the DA means the $70m will START to flow in. Do you think the market will next look to the contribution of the land to LLC as a basis for increasing the market value / share? That's my feel.

Anyway, still hopeful we'll see the DA signed within a week.

By the way, does anyone know what the other poster is talking about regarding shorting OMAG? Can this be shorted on the OTC?


Sep 22, 2011 07:31PM

Sep 23, 2011 01:21PM
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