One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: Re: Let's see if we can break $2 today...

Sep 10, 2012 06:44PM

Alton, I was looking at the last 10Q in August, and there is also a success fee of 10 million in which 50% will be paid upon signing, and 2 mil per year for the next 5 years. I'm not certain if this success fee is the same as the pre-construction costs (including plans, fees, and other associated costs) that was associated to approx 9mil that will be paid to Omag inc. Also the land is 1mil sq meters worth 650. per square meter, of which 65. per sq meter is to be paid to the State of Oman for each 3rd party that buys a home site.


Sep 11, 2012 09:18PM

Sep 13, 2012 02:38PM
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