Thank you for this discourse. Makes a lot of sense and since Omagine is about to be awash in ~ $70m, that should trigger more interest and further progress.

HOWEVER, I very much doubt the company would want to buy back shares as there are way too few outstanding. To attract institutional investors (later, once they raise their profile by joining Nasdaq) they'll need a much greater float.

I agree there is plenty of supply right now ... it's as Oiler has said repeatedly, just not enough buyers. I don't have an answer. The intrinisic / book value is $20+ (don't know where everyone is getting the high end of $40 from, unless they are counting the NPV of the project). How the market value could be $1.70 just escapes me.

Maybe next week, after the Thanksgiving weekend.