Zion Oil & Gas Inc (ZNOG): Outstanding (O/S) is approx 410M with 80...

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Zion Oil & Gas Inc (ZNOG)

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Re: tisdal post# 46887

Thursday, 02/17/2022 12:46:03 PM

Thursday, February 17, 2022 12:46:03 PM

Outstanding (O/S) is approx 410M with 800M authorized. Do u mean they increased the O/S by 400M or issued themselves 400M shares? 410M isn’t an over bloated share structure but if it gets up to 800M Zions PPS isn’t going to move as fast. If oil was flowing 800M O/S wouldn’t be bad because a lot of investors would be joining the party but if Zion gets up to 800M O/S with no oil flow then Zion will need to clarify if a reverse split is in the cards or not. Ive seen companies with billions in O/S but every ticker is different and depends on the company.

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