Re: Onward and Upward

One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Jeff72

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Re: Onward and Upward

in response to

Onward and Upward

clarktwayne

posted on Mar 20, 2015 03:27PM

The signing of the Usufruct Agreement and the disclosure of the land valuation deserves to get a press release, not just an 8-K. (Because potential investors are MUCH more likely to see a press release than an 8-K!!!) Signing the contract with CCC also deserves a press release. Selecting a financial adviser deserves a press release. And of course, completing the initial financing deserves a press release. I agree OMAG may have bottomed and will start moving in the right direction again!

JohnPaul: I don't think the initial financing is dependant on a financial feasibility study. Omagine wants to complete the financing ASAP and not wait for a study. For a financing of $5-$20 million, the appraisal could be enough. The feasibility study will be needed to raise financing in the hundreds of millions of dollars.