Zion Oil & Gas Inc (ZNOG)

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a speculative companies value is not limited to cash on hand- thats beyond ridiculous

plus zn expects to raise 10 million in only 6 weeks-which would be an incredible testimony for any company without revenue and a testament to zions unusually large potential worldwide shareholder base

plus zn, after raising that 10 million, will have a very favorable current ratio
their current ratio was already favorable, with, as per last 10q -7269 current assets and 4537 current liabilities- 987 of which was only contingent derivative liability- a better current ratio than many of the best blue chips

and after raising 10 mil, assuming then a total of 15 mil cash equivalents alone, that would be a current ratio achieved by very few blue chips-i would name them but thats not allowed

plus companies market value is almost never limited to cash on hand- thats crazy
value companies -which are relatively rare- are any company whose market value is below 3 times book value

spec companies market value is on average much higher than the normal book to market valuation- often 50 times book-based on forward potential-not current book

the companies book- stock holders equity -is over 36 mil as per last 10q
so even a market value of 200 mil would be a paltry 5.5 times book

zn's previous low before recent events was twice the current pps-before the present team -before solely geophysics was informing the drilling-before -thru a process of elimination,if nothing else,was closing in on the oil that geophysics and other sources say is in israel
before zn signaling they would use 3d- which many said zn should have used and now complain when zn is going to use 3d! contradictory