Re: More Info, Re: On Daily List
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One mile of Ocean Front, One Incredible Real Estate Development
Multi-Billion Dollar Agreement Signed With Oman
Message: On Daily List
Omagine is waiting for their independent certified public accountants to provide the required “concurring review” of their 2011 financial statements That's the reason for the E.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.
We have been informed today by our independent certified public accountants that, although the audit of our financial statements for the 2011 fiscal year is complete, due to staffing shortages at their accounting firm they are unable to perform the “concurring review” by a partner separate from the audit partner as required by current regulations. Consequently the financial statements attached hereto for the fiscal year 2011 have not been audited or reviewed by the Company's independent certified public accountants. The financial statements attached hereto for the fiscal year 2010 have been audited by the Company's independent certified public accountants. Our independent certified public accountants assure us that the required “concurring review” of the 2011 financial statements will be completed by them within the next 5 days. The Company will file an amendment to this report on Form 10-K with the SEC as soon as the 2011 audited financial statements are received by us and such amended report will include the Company’s audited financial statements for the fiscal year ended December 31, 2011. Such amended report on Form 10-K/A is expected to be filed by the Company within the next five days. All of the Company's operations were conducted through its wholly-owned JOL subsidiary and its 60% owned Omagine LLC subsidiary.
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