Replies to post #1089 on Zion Oil & Gas Inc (ZNOG)

[bdahl385]

I thought "Rainman" was supposed to be good with numbers, lol.

It is not worth the risk to me to pay $39 in transaction fees for an unknown # of ZN shares. If they get oversubscribed, I might end up only getting 10, 12, 15 shares. I am not paying $39 to buy 10 shares - no flippin' way. (10 shares X $5 + $39 = $89. That's an avg. cost of $8.90 each - capiche?)

Since the current SP is only in the $6.70 range, it is better for me to just buy the shares on the open market and pay the $10.95 commission. This way I at least control the # of shares I actually get rather than play the "rights lotto"...

I agree it would have been a no brainer if I had 1000's of shares or the SP was back in double digits where it was a few short months ago. Not the case though...