One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: Re: TIME'S UP

Jul 14, 2014 03:25PM

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Jul 14, 2014 09:03PM

I think you're reading too much into this. While I still harbor angry feelings for the lies that have come out of Oman over the recent years ("Frank, I will sign the DA shortly after you return to Oman" ... a statement made early 2013). But that seems history now, given the relatively rapid progress of steps taken in recent months. And since they have a long history of over promising and under delivering, I don't think a week or even 2 beyond the latest promise is outside of their way of thinking. As to why is the stock languishing? I've said it before and I'll say it again: I think it's because we've been led to believe so many times before that it was just about to be signed ... only to be put off. I think the market is wise to wait and see this thing actually get signed before committing. Also, with all those false starts, my guess is all of us small investors have loaded up to our limits (and in my case, beyond any level of prudence). I wouldn't start to worry unless the prices gets stuck under $4 after the signing.

For what it's worth, I have new calculations that I plan to post showing the increase in book value (NOT market value) once the DA is signed. But this time, I'm not going to get ahead of myself. The calculations are meaningless until the DA gets signed.

Hang in there, we're almost there. Even HM has toned is comments down. So I suspect even he is starting to have some hope.


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