most zn bashers hatred of God and all things zion would
most zn bashers hatred of God and all things zion would have them shorting an distorting all the way to .0001 if they could
a speculative companies value is not limited to cash on hand- thats beyond ridiculous
plus zn expects to raise 10 million in only 6 weeks-which would be an incredible testimony for any company without revenue and a testament to zions unusually large potential worldwide shareholder base
plus zn, after raising that 10 million, will have a very favorable current ratio
their current ratio was already favorable, with, as per last 10q -7269 current assets and 4537 current liabilities- 987 of which was only contingent derivative liability- a better current ratio than many of the best blue chips
and after raising 10 mil, assuming then a total of 15 mil cash equivalents alone, that would be a current ratio achieved by very few blue chips-i would name them but thats not allowed
plus companies market value is almost never limited to cash on hand- thats crazy
value companies -which are relatively rare- are any company whose market value is below 3 times book value
spec companies market value is on average much higher than the normal book to market valuation- often 50 times book-based on forward potential-not current book
the companies book- stock holders equity -is over 36 mil as per last 10q
so even a market value of 200 mil would be a paltry 5.5 times book
zn's previous low before recent events was twice the current pps-before the present team -before solely geophysics was informing the drilling-before -thru a process of elimination,if nothing else,was closing in on the oil that geophysics and other sources say is in israel
before zn signaling they would use 3d- which many said zn should have used and now complain when zn is going to use 3d! contradictory
Zion Oil & Gas, Inc. (ZNOG) Stock Research Links
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