Replies to post #52784 on Zion Oil & Gas Inc (ZNOG)

[WebSlinger]

<< Amend the Company's Amended and Restated Certificate of Incorporation to increase the number of shares of common stock, par value $0.01 ("Common Stock"), that the Company is authorized to issue from 800 million to 1,200 million. >>

On paper, that dilution will devalue the share price by about 50%.