I believe ZEN has no intentions of buidling a Mine nor spending a penny doing a PFS. They are in it to sell this Gem to the highest bidder. The Rights Offering is simply to give them some breathing room to continue marketing ZEN and waiting for more NDA's to pop open. Hopefully with some Government money coming soon also.

I believe a company or two has already been talking to ZEN about a potential purchase. Here is the problem as I see it. Any company wanting to purchase ZEN would want to do it at the lowest price possible. These companies are smart and don't want a bidding war to drive the price up.

Once a bid is made public for ZEN, others interested would jump in as to not let this Gem get away. What is a potential buyer to do? At what price must they approach AE and Board to get them to take their bid and not accept any others? AE has stated many times that he would not take less than $10 (US $ I hope). So he has set the floor for pricing.

Fun times to be a ZEN shareholder.