I'm responding to the message from John Paul a couple of weeks ago:

Regarding the lack of a new feasibility study: The most recent one is only a couple of years old. It willl be updated as necessary.

Regarding the lack of details about the pearls, number and quality of hotels, number of apartments, villas, etc... This is not true. There's a significant amount of information in various SEC filings.

The last information I saw said three hotels of 280 rooms each (two 4-Star and one 5-Star), four office buildings totaling 133,596 sqft, a mosque, a clubhouse, a boardwalk, retail units, Pearl food kiosks and restaurants, a high-end retail mall, an amphitheater, several multi-story apartment buildings, townhouses, villas with from four to 12 bedrooms, serviced apartments, serviced chalets...  Locations of each structure and approximate square footage is also available. The quantity and type of buildings is obviously subject to change based on market conditions.

There's also been a lot already planned for the pearls including an aquarium, an Imax theater, hydropnic gardens. Of course, everything is subject to change once financing is received and planning begins.

More detailed information than what's in the SEC filings is likely available to potential investors.

The speculation that lack of an updated feasibility study is preventing serious investment is not true. They have an agreement for a significant investment from the investor who died. The investment is still expected to happen once the estate is settled. If it takes too long to happen, Omagine will go with its backup potential investors in Europe.