Omagine Inc. (OMAGQ)

[Mad Money Monkey]

I don't normally pee on other peeps parades, but this one has the most obvious HUGE RED FLAGS, on any ticker I've ever seen. I do however, think it is just a doomed pipe dream ticker, not an outright scam (at least not yet). This is a $2.5 Billion project, and they are having legal issues already over only $20 mil? Jeeze, the Bonds on the construction will be in the $100's of mills. Trouble raising $20 mil? Oh my gosh, DEEP trouble already! $20 mil to start construction, is a litteral "Mere Drop in the Bucket". Like trying to build a $5 mi. dollar house with a $100 buck deposit to get construction started. Just can't see it happening.