Zion Oil & Gas Inc (ZNOG): JRyan - you are indeed correct, the full...

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Zion Oil & Gas Inc (ZNOG)

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Re: JRyan post# 1122

Wednesday, 12/02/2009 12:00:08 AM

Wednesday, December 02, 2009 12:00:08 AM

JRyan - you are indeed correct, the full 23 shares per 100 would be granted if exercised... I re-read the rights offering terms.

I still think I came out ahead by passing on the rights offering though.

23 shares * 5 bucks + 39 bucks commission = avg. share price of $6.70.

I bought on the open market 100 shares at 6.22 Monday + 9.99 commission = avg. share price of $6.32.

Can't wait for the completion news to get released, it's a matter of a week or two on those first 3 zones...

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