Replies to post #47321 on Zion Oil & Gas Inc (ZNOG)

[Porgie Tirebiter]

From the 10-K. Page 22.

https://ih.advfn.com/stock-market/USOTC/zion-oil-and-gas-qx-ZNOG/stock-news/87589573/annual-report-10-k

Risks Related to our Common Stock

We will issue additional common stock in the future, which would dilute the ownership interests of our existing stockholders.

In the future, we anticipate issuing additional securities in connection with capital raising efforts, including shares of our common stock or securities convertible into or exchangeable for our common stock, resulting in the dilution of the ownership interests of our stockholders. We are authorized under our amended and restated certificate of incorporation to issue 800,000,000 shares of common stock. As of March 15, 2022, there were approximately 434,717,503 shares of our common stock issued and outstanding.