Management has made it clear that they believe it is very important for investors to read the entire 8k. I have done so and would echo management's belief. There are some very important nuggets in it that should be read. It's not a long document, for those of us that have "squirel" issues (i.e., easily distracted).

• P. 2 - Measurement dates have been reduced to one and changed to 7/1/2015
• P. 2 & 3 - Tempest has exercised all but 351,772 of their 1,000,000 warrants for = number of restricted common shares. All 1 million (restricted) shares to be registered with SEC ... and ergo become part of the float once excercised.
• P. 4 - 6 describes why management believes JLL's valuation (the low valuation) is flawed. A good read and appears very sound.
• P. 7 & 8 (MOST IMPORTANT) - Issues behind the accounting of the usufruct rights on the balance sheet vs. as a footnote. Management presents an excellent argument as to why it should be on the balance sheet, but needs PCW to express their opinion before the company's accounting firm, Deloitte & Touche, consent to one method or the other. Comes down to whether consideration was paid for the usufruct rights (and therefore can be placed on balance sheet as an intangible asset) or if said rights were acquired for "free". Management argues that 663,750 Omagine Shares were the consideration. I agree ... and now that PCW sees that I agree, I'm sure it won't be an issue.
• P. 9 & 10- All major banks and players involved in project financing have agreed that, whether an asset on the balance sheet or only a footnote, the usufruct rights can and will be utilized as collateral. Oman government is legally obliged to agree as it's in the DA and the usufruct agreement that they signed.
• P. 11 for list of other accomplishments and tasks nearing completion.

My only other comment is that I'm a bit surprised that this issue of how to record the usufruct rights wasn't nailed down months, if not years, ago. I just hope it's settled before the end of this quarter so it appears on the Q2 balance sheet.