One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: another week...SP remains $1 + change

Alton,

Hang in there!

'Pursuant to the Shareholder Agreement the occurrence of both the Financing Agreement Date and the Contract Date are the two conditions precedent ("Conditions Precedent") to the obligations of RCA and CCC to make their final cash investments into LLC in the aggregate combined amount of OMR 26,628,125'

As far as i can see the Contract with CCC will be the biggest hurdle to getting the ball rolling. The major problem with this is that middle east contractors like CCC's warchests have taken a battering because of the low oil price. As soon as CCC sign they'll have to cough up $50mil. So if they're having problems they could stall the contract signing til it suits them, and who knows, maybe they are.

Finger crossed we get positive news soon!


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