ZEST huge upside potential

Last year ZEST Ecoark had a $20 Million Registered Direct Offering Priced at a Premium to Market of 3,478,261 shares of its common stock at a purchase price of $5.75 and the warrants have an exercise price of $5.75 per share.
And the stock was down ever since.
But the upside is still there, if an institutional investor agreed for that premium to market private placement.
For sure they did an extensive due diligence.

Ecoark Holdings, Inc. (ZEST) 52 Week Range $2.00 - 17.00. now $2.70.

But what makes this stock so cool that i consider it a premium signal?

Successful oil well in LA announced
Huge volume last week, 18M shares traded in two days
Deloitte's request to dismiss the lawsuit ZEST vs Deloitte dismissed
11 months post Ecoark vs WMT trial
DEFY IPO filing in which Ecoark`s shareholders will receive 80% of the new company.

Ecoark Holdings engages in oil and gas, financial services, and food freshness management solution businesses in the United States.

Looking forward to read your opinion about it.