Zion Oil & Gas Inc (ZNOG)

[JRyan]

Executive Pay and Zion Oil


One of the big things being pushed by those that want to see Zion Oil fail is the topic of Executive pay.

I previously covered this here:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140215152




Still not just me but some respectable firms also looked into this:

Is Zion Oil & Gas Inc’s (NASDAQ:ZN) CEO Overpaid Relative To Its Peers?

Shawn Clark - Simply Wall St.June 4, 2018

https://finance.yahoo.com/news/zion-oil-gas-inc-nasdaq-012220003.html

You can breathe easy knowing that shareholder funds aren’t being used to overpay ZN’s CEO.

Is Zion Oil & Gas Inc’s (NASDAQ:ZN) CEO Salary Justified?


Luis Baughman - Simply Wall St.March 1, 2018

https://finance.yahoo.com/news/zion-oil-gas-inc-nasdaq-181520075.html

Looking at the range of compensation for small-cap executives, it seems like Carrillo is remunerated sensibly relative to peers. Overall, although ZN is loss-making, it seems like the CEO’s pay is reflective of the appropriate level.

So is Simply Wall Street just a hack for Zion Oil while the Financial Times is one against the stock?

I can not answer that but lets look at things here a second..





Part of the Zion Oil: Living on a Prayer series from the Financial Times



APRIL 9, 2018 By: Jamie Powell
Another (rights) offering to the faithful
https://ftalphaville.ft.com/2018/04/09/1523289574000/Another--rights--offering-to-the-faithful/

MARCH 22, 2018 By: Jamie Powell
Eighteen years, five wells, output zero: Zion's long quest for oil in Israel
https://ftalphaville.ft.com/2018/03/14/1521015907000/Eighteen-years--five-wells--output-zero--Zion-s-long-quest-for-oil-in-Israel/

JUNE 28, 2018 By: Jamie Powell
Zion Oil: where does the money come from?
https://ftalphaville.ft.com/2018/06/28/1530158400000/Zion-Oil--where-does-the-money-come-from-/

JULY 5, 2018 By: Jamie Powell
Zion Oil: where the money goes
https://ftalphaville.ft.com/2018/07/05/1530763200000/Zion-Oil--where-the-money-goes/

JULY 13, 2018 By: Jamie Powell
Zion Oil confirms SEC investigation
https://ftalphaville.ft.com/2018/07/13/1531482032000/Zion-Oil-confirms-SEC-investigation/

Eighteen years, five wells, output zero: Zion's long quest for oil in Israel
https://ftalphaville.ft.com/2018/03/14/1521015907000/Eighteen-years--five-wells--output-zero--Zion-s-long-quest-for-oil-in-Israel/



Agenda maybe? I can not answer that but I will stick a timeline in there to just see how well they match..


Our timeline we are looking at...


2018

unknown = Call or correspondence from Probes to SEC about Zion. the initial shot over the bow.

Feb 23rd - first FOIA request and SEC found nothing.

March 29th - SEC denied Probes FOIA request on Zion records back to Mar 2016.

April 11th - Probes filed an appeal claiming the SEC did not look hard enough.

May 15 - Letter to Probes Reporter from SEC , states they failed to find some records the first time around. Tells them the records are protected and he can not have them. Why, two reasons. First - Law Enforcement reason either pending or possible. Second - Release could cause harm. Here is where Probes highlights the following statement:


June 21 - Zion get official notice of an active investigation into something. The something I am not sure, I hear it is financial records but I have not seen proof.

July 3rd - Zion CEO gifts shares. Headlines state Zion CEO Dumps shares but IH quickly figured out that it was NOT a sale.


July 11th - Zion Oil and Gas files an 8-K informing shareholders that the SEC has issued a subpoena



Do you see a correlation here? Follow the fruits folks!