InvestorsHub Logo
Followers 70
Posts 6719
Boards Moderated 0
Alias Born 11/04/2010

Re: None

Friday, 10/13/2017 9:19:49 AM

Friday, October 13, 2017 9:19:49 AM

Post# of 54056
My Takeaways:

(1) ZN only made 1,800 feet of hole in the last 3 weeks? What the heck is going on? This well is going to cost a fortune

(2) ZN still touting their 4 "Zones of Interest" that, if production casing run, will be stranded behind 2 strings of casing & un-produceable / un-testable

(3) The Drilling Delays & Non-Productive-Time have resulted in cost over-runs & now ZN is seeking additional capital by milking shareholders for more money based on promises

(4) Shareholder equity is about to be diluted

(5) ZN's only means of raising capital is by making promises to non-sophisticated shareholders because no bank or financial institution would ever loan them money in this situation

(6) Since the previous Press Release, nothing has changed except that ZN only made 1,800 feet of new hole, is running out of operating capital, & is planning to raise more capital by diluting shareholder interest
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ZNOG News