Call to Action: Omagine (OMAG) – Will look to possibly establish short position

The Geoteam is looking to possibly short OMAG ($2.40), a real estate development pump and dump in the making  that needs to raise over $70 million and has ties to YA Global (Ya Global has had relationships with  LTUS and CREG , two U.S. listed Chinese companies where we have questioned legitimacy of operations). The stock has pumped after the company released news that it will receive $70 million as part of a multi-billion dollar real estate project in OMAN if certain conditions are met over the next 6 to 12 months.