why would i have to show zn meets nasdaq listing standards-they wont have to meet til jan 8,2020-thats over 7 months away
why would i have to show zn doesnt need cash when zn is in the middle of a fundraise and now has more time to do multiple raises if necessary. And more road trips as necessary.
If Dick Cheney wasn't on the board or otherwise involved with another oil co interested in israel I'd also hire him to do some grouse or quail hunting,with the proviso he doesn't waste his bullets on the poor furry animals.
if at the end of the 2nd 180 days jan 8,2020 pps is not going to otherwise be over one dollar zn can r/s to stay on the nasdaq-they've signaled their intention in a filing i posted to transfer to another level of the nasdaq during the 2nd 180 days and have not given any indication they would r/s yet(and it would not be wise to willy nilly r/s bc the nasdaq generously charges 15k to do so)
as i said the nasdaq regularly grants apps for an additional 180 day period to comply if the company has a reasoanble plan to do so -as zn does,with the provision that at the end of the 2nd 180 day period the co would be required to r/s if pps otherwise was not to meet the one dollar bid requirement on jan 8,2020
the nyse must be even more lenient bc there's another houston based oil co i've followed which has averaged ca 25c pps the last yr and hasnt been one dollar pps for over 5 years!!!
so the nyse is also another longterm alternative to the nasdaq if thats what it takes-as opposed to the otcqx- but some won't tell you that
but that focus is all essentially negative -which is why it is repeatedly emphasized as opposed to the efforts to raise shareholder value via oil and gas discoveries- the positive and what will determine real pps is what kind of discovery zn makes via the 3d survey-something utterly ignored by some
and the fact that israel approved the time extension for the 3d confirms something i saw in a previous filing-which indicated a 3d commercial discovery would be sufficient to convert their license into a 30 yr lease renewable for 20 years!!!!!
then the fun begins*.
as zn said in its 1-14-19 filing:
If the Company does not regain compliance by July 8, 2019, the Company may transfer from the Nasdaq Global Market to the Nasdaq Capital Market and may be eligible for an additional compliance period of 180 calendar days. To qualify for the additional compliance period, the Company would have to meet the continued listing requirement for market value of publicly held shares and all other requirements for initial listing on the Nasdaq Capital Market (except for the bid price requirement), and provide written notice to Nasdaq of its intention to cure the bid price deficiency during the additional 180-day compliance period, by effecting a reverse stock split, if necessary."
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
