Hey Micro, have to admit, not looking good. The
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Posted On: 05/17/2023 3:33:17 PM
Hey Micro, have to admit, not looking good.
They made $700K in last attempt with DSPP; however, Zion spends $600K a month. So, they pretty much broke even.
There may be new technology, but I am not convinced they will be able to raise the funds to apply it within MJ01.
They are proposing to raise the authorized shares which means they plan to further dilute our investment.
It now appears that Zion has become top heavy. They have a large number of Directors with little to show for what we are paying them.
It's not a loss of faith as much as Zion doesn't even appear to be trying to make our investment a good one.
I think KyOil on the other message board is correct in that in order for new money to come in, they are going to have to be more pro-active in the shareholder meeting and discuss the P50 numbers. What are their expectations and justifications for re-entering the MJ01
They made $700K in last attempt with DSPP; however, Zion spends $600K a month. So, they pretty much broke even.
There may be new technology, but I am not convinced they will be able to raise the funds to apply it within MJ01.
They are proposing to raise the authorized shares which means they plan to further dilute our investment.
It now appears that Zion has become top heavy. They have a large number of Directors with little to show for what we are paying them.
It's not a loss of faith as much as Zion doesn't even appear to be trying to make our investment a good one.
I think KyOil on the other message board is correct in that in order for new money to come in, they are going to have to be more pro-active in the shareholder meeting and discuss the P50 numbers. What are their expectations and justifications for re-entering the MJ01
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