Zion Oil & Gas Inc (ZNOG): The par value of stock is an arbitrary v...

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Re: MrDicern post# 53486

Wednesday, 09/27/2023 10:42:41 PM

Wednesday, September 27, 2023 10:42:41 PM

The par value of stock is an arbitrary value, It could be $.01, $1,000 or no par value. It is meaningless in the secondary markets, and only affects how the stock is recorded on the balance sheet. These are acquisitions of options with an exercise price of $.0676. Upon exercising the options(400,000), they would pay Zion directly $27,040 to convert to common stock.

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