"The Corporation will need to raise additional funding to finance future exploration programs and development activity. The availability of equity capital, and the price at which additional equity could be issued, is dependent upon the success of the Corporation's exploration activities, and upon the state of the capital markets generally. Additional financing may not be available on terms favourable to the Corporation or at all. If the Corporation does not receive future financing, it may not be possible for the Corporation to advance the exploration and development of the Claims."

The document is certainly truthful to the extent that it is a pretty drab piece of work, not in any way inclined to give the investor the warm fuzzies....quite the opposite actually. So, would desirous companies of ZEN just wait for ZEN to "starve" to death before they reach out to "help"? It's iteresting that these mandatory reports can serve as well to inform the nefarious to the potential weaknesses of a company providing them with statistics and potential timing in going for the groin.