I don't believe ZNOG can sell shares "at the mark" ATM unless stated in prospective. However, ZN is selling shares as the share count is up dramatically. I just assumed it was big Christian Texas millionaire friends of John Brown.
357M is getting up there but its not over bloated yet. With good news this will still move fast. When the O/S shares increase they don’t get into the actual free trading shares right away. The shares held at the DTC has the shares removed from restriction status but not in the actual float yet. Eventually they’ll make there way into the float but not immediately. This is why most of the time the DTC and Float numbers are not the same. Hopefully we’ll get an update soon but Im not holding my breath.
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