Zion Oil & Gas Inc (ZNOG)

[microcaps1]

from the 10q, as of March 31, they had over 3.1 M cash and current assets(defined as cash which can be converted to cash within a year) were 3.839M

plus 10q said 504k was raised in April, which exceeds their draw of 500k /month when not actively surveying or drilling-and most of April was not a fundraising period

once fundraising period started pps dropped bc some buyers funds were being diverted via the fundraising program

which tells us funds raised in May should be greater than April - perhaps double or triple or quadruple-maybe more if any road trips

so ZN does NOT have only 1-2M cash!

they would have more cash now than when the 2nd quarter began april 1

so easy to show


current assets
Cash and cash equivalents 2,024 2,791
Fixed short term bank deposits – restricted 1,100 1,325
Prepaid expenses and other 420 461
Other deposits 150 280
Governmental receivables 6 361
Other receivables 139 153
Total current assets 3,839 5,371


Imo. Do your dd before investing. I'm not