I never understood funds available to july 31 date
they had 7.1 M current assets as of Mar 31 10Q
3.28 M from rights offering
1 M??? from warrants
xxx from direct stock holder purchase program
so 11 plus million available from 3-31
while drilling expenses are as high as 2.5 m /month during drilling, expenses are far lower than when not drilling,right! well workers not working except for skeletal testing crew right?
when did they buy BOP?
if expenses are only 1/2 when not drilling 11M would last 8.8 months(at expenses of 1.25M/month)and that 1.25M normally includes expenses for current liabilities,which other than non cash payouts like derivatives were only ca 2.9M,of which only a portion would be paid since since 3-31,and includable in the 1.25 M expenses /month,unless they paid cash for BOP after 3-31
I have no idea whether ZN would do this but in many companies on these boards officers/directors defer salary at times or make a loan to the company
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