One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

Free
Message: Omagine, Inc. - Form 10-Q - Period Ended June 30, 2016

I think the statement with the date I've highlighted is incorrect, since the first financing agreement may have been last year Nov 2015, since Nov 2016 has not happened. This is in the shareholder agreement section.

While all LLC Shareholders are aligned and agreed, irrespective of whatever individual challenges any such LLC Shareholder may be facing, to do all things necessary to realize the execution and delivery of Phase One as generally described herein, management cautions our shareholders and investors that an Amended and Restated Shareholder Agreement or an agreed CCC Contract may not materialize and that only the definitive and executed CCC-Contract and Amended and Restated Shareholder Agreement, each duly signed and approved by all the LLC Shareholders, should be relied upon as a definitive conclusion to the extended negotiations of these matters which have been ongoing since the first Financing Agreement Date of November 29, 2016. (See: “Overview”, above).

Notwithstanding the foregoing likely solution, management is continuing its discussions with other interested investors and contractors in China, Europe and the United States with whom we have been conducting ever more intensive ongoing negotiations.

Share
New Message
Please login to post a reply