Thanks for "redistributing" this information. In the past, I've quickly glossed over it as the $ values were relatively insignificant given the expected aggregate BV increases. And my past math did NOT take into account likely dilution ... Perhaps I should have factored that in, but how to know how much dilution ...?

But I think the important aspect is in the following which I pasted from your long post (bold being added by me):

In view of the inordinate delays by the Government to date, and the extraordinary efforts, risks and sacrifices undertaken on behalf of the Company by the Company Executives, the Board of Directors has determined that if, and only if, the DA is signed by Omagine LLC and the Government, the Company will then award a one-time cash bonus (a ”DA Success Bonus”) to each of the Company Executives in compensation for the aforesaid efforts, risks and sacrifices so undertaken by them which resulted in the realization of the Company’s primary strategic objective of signing the DA. The amount of each such DA Success Bonus has not yet been determined by the Board of Directors but each such amount is expected to be substantial and commensurate with (a) the value added to the Company as a result of the contribution made by each such Company Executive to the Company’s success in achieving its primary strategic objective of signing the DA with the Government, and (b) the efforts expended by each such Company Executive in attaining that objective.

If Omagine LLC signs the DA with the Government, then in determining its compensation policies and decisions subsequent thereto, the Company shall seek a shareholder advisory vote on its executive compensation policy (including any proposed DA Success Bonus awards) as required by section 14A of the Exchange Act. The Company does not presently have written employment agreements with any of its executive officers (See: “Employment Agreements and Consulting Agreement” below in this Item 11).

Whilst there clearly will be some dilution, I believe that will be more than offset by the aggregate increase in value. Plus, we'll all have a say in approving the DA Success Bonus awards ... although it would appear that management would have a material say in said vote given their ownership %. That being said, I have confidence that these guys aren't so greedy as to trash their current investor base. Also, I would be very surprised if management did not have a plan in place to substantially increase the number of shares outstanding. Part of that plan is the $5 and $10 warrants issued to many of us back in early 2012. That will give us the right to buy NEW shares directly from the company at those prices. A much higher float, in my opinion, will be needed to attract and retain institutional interest. Best approach would be for a stock split AFTER a substantial run up in price.

So, whether the BV/share reaches $20 or "merely" $15, it's still a great opportunity.