Common Shares Outstanding:

16,185,798 (as of September 19, 2014)

16,435,798 (as of October 14, 2014)

That results in 250,000 shares sold by Omagine Inc. to YA over that 3.5 week period.

We cannot say if YA has held or sold these shares but it's very likely they've sold them as that's their business line with Omagine.

Obviously Omagine sells shares to raise capital to continue operations and continue investing in this project and likely others. Those are good things however if you are wondering who is on the offer, here are 250k examples.