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Agoracom, CCC & NEWCO have agreed to purchase shares in the equity participations in the development companies of Omagine. Do these contractual agreements amount to firm, binding agreements - based on obvious contingencies - by CCC & NEWCO, or are they preliminary letters of intent?
So far, the Emir and Frank Drohan have signed on the dotted line of a preliminary DA, which the Dept. of Tourism is checking for form and consistency. I enterpret this as a "virtually done deal." Yes"
Yet the stock is 60 cents asked!
What am I missing?
harrell
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