I agree during periods of form 4's presumably t
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(Total Views: 499)
Posted On: 10/28/2021 6:13:47 AM
Re: thanksmuch #802
I agree
during periods of form 4's presumably they have no material information not shared w stockholders- form 4's through Oct 12
https://www.otcmarkets.com/stock/ZNOG/disclosure
last 10Q 9M plus cash - burn rate ca 2.5M/month while actively drilling -raised 550k from July 1 to Aug 7
despite good relations w Israel-why not -their entire purpose is to bless Israel (and stockholders through Gen 12:3) by giving them oil independence -
they need to show substantial compliance towards a commercial discovery by Dec 3- UNLESS they employ force majeur-arguing substantial delays due to covid restrictions by the government etc beyond their control-and that would be a very very valid argument-something I'm sure they wish to avoid
so despite delays they've been going whole hog- to use a probable texas expression
they added 4.7M director officer options this year through June 30 -more than doubling options -less than 4M options at Jan1, 2021
not sure I have a complete understanding of that
except possibly a 'do or die' 'either we believe or we dont' philosophy-a united front by the directors
I can understand why those who invest on purely a worldly basis would withdraw- but the pps is so low that isnt really an option in my view
the next 10Q is due Nov 15 covering the period from June 30 to Sept 30
i havent done the calculations bc I've been so busy -I'd have to reread many communications to calculate where they should be now in feet drilled vs their expected feet to drill
I also have not researched their time pattern of communications in the 2-3 weeks before issuing a 10Q but they usually issue a 10Q ca 1 week before its due -
each 10Q is like giving birth so such 10Q formulation in the weeks before issuance may preoccupy them
during periods of form 4's presumably they have no material information not shared w stockholders- form 4's through Oct 12
https://www.otcmarkets.com/stock/ZNOG/disclosure
last 10Q 9M plus cash - burn rate ca 2.5M/month while actively drilling -raised 550k from July 1 to Aug 7
despite good relations w Israel-why not -their entire purpose is to bless Israel (and stockholders through Gen 12:3) by giving them oil independence -
they need to show substantial compliance towards a commercial discovery by Dec 3- UNLESS they employ force majeur-arguing substantial delays due to covid restrictions by the government etc beyond their control-and that would be a very very valid argument-something I'm sure they wish to avoid
so despite delays they've been going whole hog- to use a probable texas expression
they added 4.7M director officer options this year through June 30 -more than doubling options -less than 4M options at Jan1, 2021
not sure I have a complete understanding of that
except possibly a 'do or die' 'either we believe or we dont' philosophy-a united front by the directors
I can understand why those who invest on purely a worldly basis would withdraw- but the pps is so low that isnt really an option in my view
the next 10Q is due Nov 15 covering the period from June 30 to Sept 30
i havent done the calculations bc I've been so busy -I'd have to reread many communications to calculate where they should be now in feet drilled vs their expected feet to drill
I also have not researched their time pattern of communications in the 2-3 weeks before issuing a 10Q but they usually issue a 10Q ca 1 week before its due -
each 10Q is like giving birth so such 10Q formulation in the weeks before issuance may preoccupy them
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