To: David R. who wrote (22608 ) 12/11/2018 12:24:25 PM From: Fact Czecher Read Replies (1) | Respond to of 22811 On Nov 16, I posted a criticism of ZEN's failed PP. Message 31890224 The Oct 3rd PP had been announced as having been "ARRANGED" for a minimum of $1 million dollars. On Nov 16 ZEN filed an NR stating they had raised ~$583,000 in a "tranche""ARRANGED" means that ZEN had a commitment for $1,000,000 and was seeking more. Obviously, investors who had previously committed backed out. Team Yellow had previously stated that they had "been approached by a few large shareholders, several brokerage houses and a company in Europe that are all interested in funding Zenyatta....” David R responded to my Nov 16 post: siliconinvestor.com "Obviously this raise was for longtime shareholders and insiders. Remember Mr Czecher that brokers don’t participate in non broker raises. I won’t be surprised we’ll see more about who is paying for the drilling. If that doesn’t happen it will be a sad day for us Zen shareholders...." Well David, the day of reckoning is here. Today ZEN announced a flow-through PP of up to 7,5000,000 shares at $0.40 for proceeds of up to $3,000,000 to be used for bulk sampling, environmental assessment and community engagement. According to David, this is what the "few large shareholders, several brokerage houses and a company in Europe were "interested in funding" . David - Did you notice that this PP is NOT "ARRANGED"? Do you think maybe Team Yellow exaggerated the level of interest in investing in "the drilling" . You said it David, If this PP falls short of the minimum cash needed to fund the announced winter program - ZEN IS DONE . "it will be a sad day for us Zen shareholders...." It now becomes clear that ALL the proceeds of the failed Oct 3rd PP will be used for lifestyle funding. You know - sending delegations to Texas and England and keeping the lights on. Also today, ZEN finally announced the closing of the previous PP. Is anyone surprised that they did not raise a single cent after the first "tranche" was announced on Nov 16? 10 weeks to raise less than $295,000 from 10 "longtime shareholders" . Zen was expecting a "minimum" of $725,000. In other words - a disastrous and complete FAILURE . Of note - ZEN's opening trade on the TSX-V for the last 5 days. I am detecting a trend. Do you see it David?Dec 5....$0.40 Dec 6....$0.39 Dec 7....$0.38 Dec 10..$0.37 Dec 11..$0.35 PS - I see Antlizzie believes the $3,000,000 has already been raised. Remedial reading classes might be in order. Message 31924561 Truly A GONG SHOW RUN BY CLOWNS