One mile of Ocean Front, $1.6 Billion , One Incredible Real Estate Development.
OMAGINE INC. THROUGH ITS WHOLLY OWNED SUBSIDIARY IS A REAL-ESTATE DEVELOPMENT, ENTERTAINMENT AND HOSPITALITY COMPANY FOCUSING ON MIDDLE EASTERN DEVELOPMENT.
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Message: Annual Meeting of Stockholders - Proxy Statement

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Re: Annual Meeting of Stockholders - Proxy Statement

posted on Oct 07, 09 12:10PM

Those warrants will be sold for $6. a share, and the other half of the unit will cost $.25 a share. A unit will consist of a share and a warrant for a share. The forward and reverse split will equal out to a 5-1 reverse split. If you had 300,000 shares before the split, you would end up with 60,000 shares after the split at about $.35- $.45 a share. If after the DA was signed and the stock value went to $5-6 a share, at 300,000 shares you would have $1,500,000. After the split you would have $300,000. How are those apples? Now grant you, the company may not do the split if the DA is signed shortly and the stock increases in value, but this can be the senareo. The warrants are not free.

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