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Nice to see the New York Facility is still in the works. I hope the next Ulster meeting includes a commitment to closing on the $15-$20M in Bond funding. From LinkedIn:
"ABOUND's latest initiative involves collaborating with external companies to subcontract their Testing and Development services. The objective is to accelerate advancements in Long-Duration Energy Storage, ultimately leading to the contract manufacturing of state-of-the-art technologies at their New York facility."
Q3 finally out. $4M in sales for 9-months ended 9/30/23
https://www.otcmarkets.com/otcapi/company/financial-report/389161/content
Ulster meeting update. Robert Parker gave a brief update that there are challenges with the company currently, but they still intend to move forward with Ulster County for manufacturing the product. They are highly confident in the technology and are working through organizational issues. He was going to meet with the IPark 87 people following the meeting.
The par value of stock is an arbitrary value, It could be $.01, $1,000 or no par value. It is meaningless in the secondary markets, and only affects how the stock is recorded on the balance sheet. These are acquisitions of options with an exercise price of $.0676. Upon exercising the options(400,000), they would pay Zion directly $27,040 to convert to common stock.
This is from 9/8/23, I wonder why the OTC site didn't pick it up.
https://www.accesswire.com/782381/full-alliance-group-inc-otc-pink-fagi-fagi-announces-its-wholly-owned-subsidiary-dynamaxx-international-ltd-is-pleased-to-be-a-key-sponsor-of-billy-mcgehees-third-annual-great-american-911-pickleball-marathon
Zion is on a calendar year. Now in Q3.
I don't seem to have a problem. Try starting at the main page.
https://prime.energy.gov.il/
Scroll right and type Zion in the "Operator Name" box and filter.
As of this morning, Israel still has the license listed as active.
https://prime.energy.gov.il/search/petroleumrights?search=1&sby=&rows=100&first=0
The Ulster County IDA approved the additional taxable bonds. Zinc8 discussion starts at 1:04. It was also mentioned that another part of their financing package will include equity sales in US and Canada. Joe seemed confident that the deal will close in Q3.
2 months is a row, MARA has almost double the production of RIOT!
Almost 300,000,000 potential common shares to issue with the conversions rate's on the preferred shares. This isn't going anywhere for a while. Revenue was good, but expenses are too high for that kind of revenue. We gave too much for an unprofitable company. Hopefully that changes on the next report.
"Prior to the filing of this Quarterly Report, we received initial administrative approval from various departments within the Israel Ministry of Energy which puts us in an excellent position to obtain final approval of our license.
We continue our exploration focus here based on our studies as it appears to possess the key geologic ingredients of an active petroleum system with significant exploration potential."
Looks like people are selling their RIOT and buying MARA. MARA's Bitcoin production beat out RIOT's.
Hope to see some revenue on the quarterly that should be out soon. That should help.
I suppose the extra shares come from financing the mergers.
Zion's license is still active. IMO, if Isreal had no intention on extending, they would have it as expired.
There is almost 2million sitting on the Bid. This feels like a tightly wound spring ready to pop.
Interesting that they do not list the expiration date on the PDF report. Here is a link to the live database:
https://prime.energy.gov.il/search/petroleumrights?search=1&sby=&rows=100&first=0
Flagged again from the OTC.
Warning! Limited Information
OTC Markets Group has confirmed that this company has limited disclosure or financial information publicly available, but meets a minimum requirement for public quoting under Rule 15c2-11.
Ouch ($3.14) per share loss for Q4 and ($6.05) loss per share for the year.
Latest. $10m Revenue Bond approved.
https://sedar-filings-backup.thecse.com/00047971/2303151000156427.pdf
Earnings out tonight. Should be showing some nice revenue based on the production updates that they sold some coins.
License is still showing active according to Ministry of Oil
https://prime.energy.gov.il/details/petroleumrights/44010883
I don't see anything about raising the AS, link please.
Only .16 more till break-even.