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Posted On: 08/14/2022 12:46:27 AM
Post# of 1016
Our working capital (current assets minus current liabilities) was $6,004,000 at June 30, 2022 and $3,303,000 at December 31, 2021.
for newbies ZNOG has no recurring revenue yet -no commercial oil or gas production and thus the mandated continuing ops boilerplate
Note 7 - Subsequent Events
(i)
Approximately $533,000 was collected through the Company’s DSPP program during the period July 1 through August 8, 2022.
(ii) Options to purchase 25,000 shares of Common Stock to one board member at an exercise price of $0.235 per share. The options vested upon grant and are exercisable through August 1, 2032. The fair value of the options at the date of grant amounted to approximately $5,875.
[p.33]
which means ppl continue to directly invest in Zions treasury at these low pps-risk/reward
ZN doesnt seem worried about dilution-presumably they believe events going forward will resurrect the pps
for newbies ZNOG has no recurring revenue yet -no commercial oil or gas production and thus the mandated continuing ops boilerplate
Note 7 - Subsequent Events
(i)
Approximately $533,000 was collected through the Company’s DSPP program during the period July 1 through August 8, 2022.
(ii) Options to purchase 25,000 shares of Common Stock to one board member at an exercise price of $0.235 per share. The options vested upon grant and are exercisable through August 1, 2032. The fair value of the options at the date of grant amounted to approximately $5,875.
[p.33]
which means ppl continue to directly invest in Zions treasury at these low pps-risk/reward
ZN doesnt seem worried about dilution-presumably they believe events going forward will resurrect the pps
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