I sense more than a modicum ofHAPPY TALk filling the air here at the Forum, in anticipation of the yet ot be signed DA. Following the release of the 10-Q, we're now heading into the 7th working day of what seemed like a done deal and still no smoke rising from the MOT's palatial home.

But, I'm a believer, and would like to contribute to the happy talk. The law of supply and demand will play an important role in our future as Omagine shareholders. If for some reason the deal falls through and no Omagine Project, the stock will crash uder the weight of a supply for which there will be no demand. On the other hand, with the signing a fait accompli, the stock should soar.

Omagie is a thinly traded stock with only 16 million shares ooutstanding, 40% of which is closely held. That represents a float of about 9.6 million shares. With that limited supply of stock and the nature of the Project and Alton's calcuation of BOOk VALUE made public (reaching an audience beyond those in the Forum), the demand for the stock could propel it to undreamed of heights.

O{f course, thoere must first be a signing.