Zion Oil & Gas Inc (ZNOG)

[Porgie Tirebiter]

How many options do you think they may still have? We have no way of knowing.

So let's work with what we can know.

Share structure as of November 1st:

Market Cap Market Cap 70,378,527 11/26/2021
Authorized Shares 800,000,000 11/01/2021
Outstanding Shares 323,653,837 11/01/2021
Held at DTC 262,060,470 11/01/2021
Float 114,000,000 07/01/2021

Share structure as of December 14th:

Market Cap Market Cap 100,872,362 12/15/2021
Authorized Shares 800,000,000 12/14/2021
Outstanding Shares 357,703,412 12/14/2021
Held at DTC 282,089,453 12/14/2021
Float 114,000,000 07/01/2021

In six weeks the Outstanding Shares increased by 10.52% or 91.18% annualized.

Shares held at DTC (essentially commercial brokerage accounts) increased by 7.64% or 66.24% annualized.

Since the dilution outlined in the S-3 has yet to happen, it's not difficult to infer what is going on with management's warrants and/or options.

https://www.otcmarkets.com/stock/ZNOG/security