Form 10-Q filed today for the period ended September 30, 2015 reflect a $431,168,400 increase in stockholders’ equity and a $287,445,600 increase in non-controlling interests in its 60% owned subsidiary, Omagine LLC
Omagine LLC is developing a $2.5 billion tourism and real-estate project in the Sultanate of Oman and the increases are attributable to the purchase by LLC in July 2015 of Land Rights in Oman valued at $718,614,000.
Thanks for that reply, hogey. In regard to Panasonic batteries in Ultra... I understand that, however, Ultra was purchased by Hero Motors very, very recently. Don't know if that will have any effect, probably not, on their battery supplier. I am interested to know if the new brand: Hero Eco will use Electrovaya. All the information I have about an Electrovaya-Hero Motors link is just that: Electrovaya batteries being used by the Hero Motors product, but it may be a new ball game since Hero Motors bought out Ultra Motors. I do not have any information either way on that subject, but if you do.... PLEASE post it, thank you so much. Keep posting on the Canadian energy storage issue, I share your enthusiasm for the potential benefit to Electrovaya in that area and, in fact, I really believe that if Electrovaya ever "breaks out" on the price per share situation that it will more likely be due to their developments in energy storage than anything else. I do remain, however, hopeful regarding the issue of Ebikes. Just bought an Ebike myself yesterday. Unfortunately it comes with a different kind of battery, a LiFePhosphate battery... but in doing the internet search for Ebikes I have come across many different kinds that offer a LiPO (Lithium Polymer) option..... many more than I had anticipated. Again, hogey, thank you very much for your input and please keep posting. Bill