FACT: They have been drilling/testing MJ#1 for over 1 year.
FACT: It's dry.
FACT: SEC investigation ongoing.
FACT: New CEO because the old one likely violated insider trading rules...a crook
FACT: History of screwing shareholders with overpriced capital raises (i.e. 81.8% dilutive Rights Issue)
FACT: No revenues, no reserves, big losses every year.
FACT: Companies that don't make a profit, die eventually.
FACT: With no fresh capital, the end comes real soon. ZN $0.
Honestly, who is stupid enough to underwrite another one of these capital raises? It's just baffling. They literally have NOTHING...no assets, no reserves, no proven history of discovering anything. I have more gas in my car than they have found in 18 years.