Zion Oil & Gas Inc (ZNOG)

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yes, many false claims- e.g., bankruptcy, are made against zn without an iota of evidence to back them up in attempt to control the discussion and get eyes off the work zn is doing

at no time during my observation of zn has zn ever been in danger of bankruptcy- a matter of assets vs liabilities

and thats bc zn purposely operates on a pay as you go basis-purposefully avoiding any debt which would exceed their ability to pay
the main determinant or ratio that accountants use to determine current financial health is the current ratio-the ratio of current assets to current liabilities

now many big blue chips are willing for current liabilites to exceed current assets, including walmart, and nobody has ever to my knowledge said walmart is in danger of bankruptcy-e.g 77477 millions current debts vs only 61897 millions current assets -walmarts current debt has exceeded their current liabilities every quarter for many quarters during my observation,so they regularly have a current ratio below 1

whereas during my observation zn's current assets(CA) as noted on 10q's and 10k's have always exceed current liabilities(CL)with CA being as much as twice or more CL's at times

since otc stocks are subsumed under the broad auspices of the nasdaq,almost all if not all nasdaq stocks including zn can be found on otcmarkets.com- much easier than inputting cusip no and full name etc to sedar sec etc only to be told ad nauseum, "no research results found' on those horrible sites

https://www.otcmarkets.com/filing/html?id=13288364&guid=5vI3UeCfOs7gZbh

the latest 10k to my memory is the worst ratio i've seen of zn's ca to cl and yet even then zn's ca of 5.731M exceeds their cl's of
4.834M
so zn's worst current ratio that i've seen is better than i have seen for walmart for a long time

and zn raised over 1.7 M from jan 1 to feb 25 as per subsequent event notation in the 10k,which is a greater receipt of funds than normal expenditures

zn has shown a very good ability to raise funds-e,g raising ca 18 M in 2018,something which is hated by zn's detractors

a chart recently posted and postulated as a negative against zn's fundraising was actually a positive for those in the know,showing that zn's marketing manager had raised anywhere from 10 to 16 dollars for every dollar spent fundraising

many big organizations are lucky to raise 2 dollars for every dollar they spend fundraising
i shudder as what to me are irresponsible organizations running nonstop tv commercials for months on end which cost untold millions constantly begging with outrageous emotional appeals

in a developing company what matters is whether they have a product-many penny stocks[defined as stocks below 5 dollars] dont-and those companies ability to produce that product
i've seen many co's predict many millions in revenues when they neither have a product nor the equipment or ability or assets to produce a product!!

since zn controls their expenditures and raises money at such an efficient rate and doesnt spend what they dont have zn has never had more cl's than ca's during my observation

even after an impairment charge of over 30M due to the exploratory well not being commercially productive,zn still has a positive ratio of total assets to total liabilities ,with 12.521 M assets and only 7.292 M total liabilities

and if zn finds a commercial field w the 3d survey as a result of mj1, that impairment charge might be considered to be premature, but zn no doubt followed recognized GAAP accounting principals in declaring that impairment charge

and for investors who dont understand the background behind mj1 and the 3d survey,that charge may unfairly impact their views