I agree during periods of form 4's presumably t
Post# of 1012
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