One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: Filing Today

I skimmed through some of the Prospectus in the filing today and came across a couple points that I thought I'd point out. I'm sure there's more tidbits, but these are the ones that jumped out at me.

1."As of the date hereof Ratification by MOF has not yet occurred but management is not presently concerned about this quite common Government procedural delay and expects Ratification to occur within the near future."

2."The process of obtaining the definitive valuation of the PIK is expected to be completed during the first quarter of 2015."

3.On the CCC contract:

"The result of the foregoing meetings was an agreement in principal with respect to the parameters of, and a first draft of, the CCC-Oman Contract (the “Draft Construction Contract”) specifying a two part approach to the process."

...and later...

"Before being finalized, the Draft Construction Contract will be reviewed and analyzed by two expert construction consultants employed by LLC: (i) LLC’s engineering design consultants, and (ii) an Oman quantity surveying company specializing in construction cost consulting. Subsequent to this process (which is presently expected to be completed during the first half of 2015), the Draft Construction Contract will be presented to the LLC shareholders for their consideration and approval."

4."Recent press reports incorrectly stated that LLC had appointed BNP Paribas (“BNP”) as its Financial Adviser. This is untrue. Although LLC did have a two year old non-binding letter of intent with BNP, BNP was never appointed as the Financial Advisor for LLC. As of the date hereof, both LLC and BNP agree that they maintains a good relationship with each other, but for BNP internal reasons, BNP will not be LLC’s Financial Adviser."

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