Zion Oil & Gas Inc (ZNOG): I just realized the Zion oil is going to...

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Zion Oil & Gas Inc (ZNOG)

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Thursday, 05/24/2018 2:11:48 PM

Thursday, May 24, 2018 2:11:48 PM

I just realized the Zion oil is going to have some serious financial problems if they don't release good news about the well soon. They don't have much money on hand and they certainly are not selling many warrants at this price. That's really bad considering warrants are their only source of income. When this warrant sale expires they are going to have a real dilemma with the next warrant offering. If they set the price two low, people will panic sell and the price will crash. If they set the price too high, no will buy the warrants. Of course, this whole problem could be solved if they release good news and I think they will be forced to release news soon if they want to survive.

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