OK, I guess I'm out from my self-imposed exile ... but just for a moment. QWERTY, I feel it's important to explain that your comments regarding share splits, reverse splits, or whatever, do not have any impact on the value of our shares. Simple math: Let's say the company is worth (market cap) $1,000. And there are just 2 shares outstanding, each held by separate shareholders (you and me). That would mean that each share is worth $500. Now they do a 2 for 1 split, which would mean there are now 4 shares outstanding, with you and I now owning 2 shares each instead of one. Each share would now be worth $250, but our total shareholderings would still be worth $500 each. Nothing has changed for you and me. The same is true for reverse splits. If I hold 10,000 shares (a ficticious number) that are worth $15,000, and they do a 1 for 10 reverse split that leaves me with 1,000 shares; those 1,000 shares will still be worth $15,000 in the aggregate.

The only way the aggregate value of each shareholder's holdings could change for the worse (all else being =) through share changes would be if management issued NEW shares ... in addition to the shares already outstanding ... to other people. In the above example, assume no stock split. There are just 2 shares outstanding. Now management issues 2 new shares to NEW shareholders. The $1,000 market cap is now spread out over 4 shares making each share worth $250. But since the new shares were issued to new shareholders, the existing shareholders get diluted and lose value.

Per the company's annual reports (10Ks), Omagine Inc has long had a relationship with another firm, YA Global Investments LP, through a "Standby Equity Distribution Agreement (SEDA)". YA Global is a $ billion NJ-based fund that essentially acts as a backstop to provide additional capital from time-to-time to allow OMAG to proceed in the absence of revenue and income. Management has been very judicious in limiting the amount of new shares issued under it's SEDA agreement so as to not dilute current shareholders. The proof of this is that there were roughly 12.5 million shares outstanding when I first got involved in Omagine a couple of years ago. There are now 14.6 million shares outstanding for a 17% increase ... of which a good portion had to do with us excercising options last year that increased our own holdings ... not dilutive to us. Management's interests ARE aligned with investors' interests. I would respectfully ask that you do not imply otherwise when you complain about possible splits, etc.

That being said, I return to my rock and wait for the moon to shine (moonshine?).