Zion Oil & Gas Inc (ZNOG)

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part of the market value problem is the extremly low share count-i cant think of a stock thats been around this long that i looked at that had such a low share count- a good % of penny stocks have share counts in the many billions. I dont remember such stocks surviving 19 years without revenue-but ZN has,partly due to a legal shareholder base.


72.9 M SHARES is an extremely low share count for a 19 year company

once penny co's [defined as stocks below 5 dollars pps] achieve substantial lasting revenue,since pps often lags real or perceived value at that point,co's often buy back shares with a common goal being to reduce O/S shares to 250M to 500M [from the billions of shares they often have before that point]

ZN doesnt even have 1/3 of the shares of the low range of shares targeted by such companies

once again the purpose of becoming a public company is the ability to raise funds via issuing shares until lasting revenue is achieved-thats just common sense- thats what ALL public companies do until revenue can support operations

a lot of headaches accompany being public such as non stop magnifying glass disclosure

so if insiders are filthy rich they dont take a company public

execs pay is below other comparable co's pay,with zn's execs taking such a pay cut bc they believe in the mission

yes, the 11th hour-when things are proven-look forward to it