Was just talking to a friend and fellow investor about all of this and it just occurred to me that we should see this asset booked and reflected in the third quarter financials, which are due out around 11/15/2015 (quarterly filings are due 45 days from the close). Since the usufruct rights were signed over the first few days of July, it has to be booked in the 3rd quarter.

Of course, we still don't know if that's as a footnote (bad for book value) or as an asset (good for book value and all concerned). I still believe we will hear definitively very shortly. And certainly in time for the upcoming quarterly report.

And for anyone new to this board and wondering what I'm talking about re the book value, we're talking about a per share increase in book value of $20+. That would be about 11.5x higher than the $1.75/share the MARKET has placed on Omagine's value as of this morning. And THIS is how we spell opportunity: OMAG.