NO need for crystal ball just follow the cash. As of 3Q Zero had 3.8M in cash. They burn about 2M a Q so at this moment in time, cash level would be around 1.8-1.5M. This doesn't even account for any additional spending for the pilot deployment etc. The remaining warrant will gives Zero only another 950K less fees so it doesn't take rocket science to figure out what will logically come next. They will have do another dilutive round of financing here and do it quickly!. They have to! Cash in the bank takes them only to 2Q 2014.
Speaking of dilution, all this talk of up listing is really meaningless IMO. Anyone following the SEC docs knows it cannot happen without ZERO raising an additional 8-10M. So the timing of the the share count increase is pretty much a tell in my book.