Replies to post #10604 on Zion Oil & Gas Inc (ZNOG)

[CascadeInvestments]

Massive negative.

They raised $23.5m in 2017 and yet only raised their cash balance by $3.7m (from $3.2m to $6.9m).

Where did all the cash go?

Shareholders were massively diluted too. 31% increase in the shares outstanding from 12.31.2016 to 12.31.2017.

What's more, even with these capital increases, they still run out of money by May.

Could be the end. Very sad.

Best case scenario is that they raise more equity through another DSPP. More dilution.

Investors, be careful. Your stake in this company is diminishing by the day as the executives issue each other with free options, and hand out options with $1 strike price to new investors to raise much needed cash.

[TAB78]

Fins were actually good news less dilution ($3MM LESS)
than guestimated here.

Page 11 states Zion has on hand enough operating cash to run through May 31 2018.

By that time the well testing will have een completed and final analysis done and announced. All is good here.

We are mostly all Christians, but we have bad days or weeks as well. We have our jobs, families, homes and children to take care of as well as help each other understand what's going everyday here wit ZN stock and keep the noise at bay.

We are all good

I have something at the office I typed about the warrants I will post tomorrow, I had syztem problems today.