Alton, why do you think OMAG drops below $1 if the value of the land rights is only a footnote? I'd be shocked. It's just accounting. It wouldn't change OMAG's future cash flows at all. It would be nice to have a massive book value because it could attract some attention and impress potential investors taking a look at OMAG. But even as a footnote the land value is impressive.

If I were the accountants, I'd say it should be included on the balance sheet, but at what value? They should use the lower of cost or market and we only know market ($718MM). Cost would be the value of the LLC shares Omagine LLC exchanged for the land rights. I don't think we know that value.