Replies to post #32091 on Zion Oil & Gas Inc (ZNOG)

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still true, plus the fundraising time frame apr 24- june 6 (which has had an effect of depressing pps bc such funds are diverted from longs buying in the open market)

will most logically -based on past experience -result in more cash available at the end of the fundraisng period than the beginning

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as a matter of honor zn does not spend what it does not have-

at all times in my memory zn's current assets have exceeded current liabilities- something many blue chips cant say

plus zn has a large potential fundraising group who believe in the cause and thus has had an ability to raise funds-one of the reasons zn was targeted,as we are frequently reminded

both of those items would have to reverse for zn to be in danger of bankruptcy
if push came to shove zn could also relent and sell a % of the license, which delek presumably would like to have, since delek bought 70% of the adjacent license