It is really amazing to see the stock at this level. From a corporate perspective, and based on usual turn around times, Alfa has followed all the parameters necessary for signing a contract of this magnitude. The last press release, with the confirmation of the deal with J&P should have confirmed that Alfa is definitely in the right track. Maybe the original time frames were too optimistic, but if J&P (huge corporation, from what I've seen online) has inked a deal with Alfa, we must be definitely close to a final signature of the Omagine deal. Drohan indicates in his last release, that he expects during 1st Quarter 07.

All this brings me to the obvious question of why is the stock so low. As we have seen in past postings, the only possible response in Cornell indirectly forcing the stock down.

Question for Agoracom: Is there a limit as to how much can Cornell sell/buy, thereby affecting the price of the stock? Another side of the coin, based on the average volume in the past month, is that somebody (private or institution) has been accumulating large sums of this stock. Even though obvious, whenever somebody sells, somebody else buys...