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Quote:4)or something else
^^^^ THIS - I feel it, I have no clue but I feel it. It is something NONE of us suspect.
I hope you are right-we could use a good surprise with a longterm effect
somebody -on that day which traded 8.6 million shares-was willing to pay a short term premium to buy big lots of zn stock -rapidly running pps from .90 to 1.20-rather than spread his buying over several days or more
re partnership -some longs mentioned a possible partnership-so i was just saying in reply, maybe jb would be open to a partnership -yes zn would have to retain control/51% -I dont see jb releasing that-and i didnt think zn would yield to a buyout
with zn shares totaling ca 70 million plus,anybody who obtains over 5% of zn o/s(3.5 million shares plus) would have to report their position to the sec.
nice 3d map
you had good posts a while back re how many of those israeli taxes dont kick in until ZN recovers variably 150% to not sure how high-230%? of their costs -the recovery factor-rf for short
tried to find such posts intothe's ibox compilation but didnt see in a fairly brief purview
even though the article tries to explain it away, the following article is possible evidence of a move in that direction-the state dept has historically it seems -especially prior to 2016-been more anti-israel than some other departments
Lindsey Graham and the Pres have a close relationship-the President relies on Grahams advice for a lot of things
https://worldisraelnews.com/us-cuts-references-to-occupation-of-golan-judea-and-samaria-in-key-report/?utm_source=MadMimi&utm_medium=email&utm_content=US+Drops+References+to+Israeli+%E2%80%98Occupation%E2%80%99%3B+IDF+%E2%80%98Embarrasses%E2%80%99+Hezbollah+in+Syria%3B+%E2%80%98Saudis+are+Jews+in+Islamic+Garb%E2%80%99%3B+Today%27s+Top+Stories%21&utm_campaign=20190313_m150414750_US+Drops+References+to+Israeli+%E2%80%98Occupation%E2%80%99%3B+IDF+%E2%80%98Embarrasses%E2%80%99+Hezbollah+in+Syria%3B+%E2%80%98Saudis+are+Jews+in+Islamic+Garb%E2%80%99%3B+Today%27s+Top+Stories%21&utm_term=US+Drops+References+to+Israel_27s+_E2_80_98Occupation_E2_80_99+of+Golan_2C+Judea+and+Samaria+in+Key+
reminds us of Mark Taylors energy prophecy again
I agree. Wonder if Israel ever offered to help fund? Can be difficult for somebody-jb- with such a long term vision- to share their baby
one of the nice things about such a partnership is it may allow them to explore in 2 or more areas on their concession at the same time and thus speed things up dramatically,which is a reason the chairman at ca age 81 might agree to such now
and as a bonus spring might finally arrive
using the google map
https://www.google.com/maps/place/%D7%A7%D7%A6%D7%A8%D7%99%D7%9F%E2%80%AD/@32.4377346,35.4985578,9843m/data=!3m1!1e3!4m5!3m4!1s0x151c1d9916d01bdf:0x90d62c7747edc8d2!8m2!3d32.990998!4d35.689865?hl=en
mj1 at closest point is only ca 2.3 mi from west bank to their south-
zn's planned 50 sq km 3D- if executed in a perfect circle -would be 2.48 mi radius
i.e.,to west bank to Sdei Trumot to Ein HaNativ to near Kfar Ruppin to Jordan River
but probably wont use perfect circle
sorry actual number of mutual fund shares declined slightly - i was just adding up the % changes for the funds-which was positive for the mutual funds
jryan and i discussed that yesterday bc there wasnt anything new in the 10k as far as we saw to cause such action,but pps started rising after 10k
so either
1)the larger big boy community had misunderstood zn prior to the 10k
2)or givot olam -which was just in the news for a 50 million investment and a reported 20-50 mbbl oil field proceeding east and probably north from elad which may take the oil field into zn's lease if the oil field has the same north south configuration of all the oil fields just west of such givot oil field
3)or some partnership in zn-at age 81? jb maybe open to that -i dont know
but knowledge of any such -since it has not been reported -would be insider knowledge -which is nothing new for the big boys - they make their profits off insider knowledge -which is why i dont like to play most of the large blue chips-the big firms place their supercomputers at the point where transatlantic cables come onshore usa to get a fraction of a second advantage on other players and their supercomputer hft takes over
4)or something else
5) the volume yesterday- ca 8.6 million-is far greater than some claim as the number of shorts-so if thats true that reduces the chance it was a short squeeze -bu the experts on that have been silent
mutual funds overall as of the date of this reporting had actually added zn shares:
https://money.cnn.com/quote/shareholders/shareholders.html?symb=ZN&subView=institutional
and i cant immediately find the market value for the additional 180 day grace period-but zn's market value had doubled in last few days
Additional Grace Period
If a company with a minimum market value of $1 million in shares held by non-affiliates satisfies the other listing requirements, it may receive a second "cure period" of 180 calendar days. To receive this, the company must notify Nasdaq of its intent to correct the deficiency. Nasdaq may exercise its discretion in determining whether it believes the company can cure the deficiency.
the action has been crazy - 4.5 million shares traded
went from 90c to 1.15 fast - i've had very limited time to watch
i agree -nothing in the 10k to surprise us-but seeing zn's motion for summary judgment in the tx class action coming up may play well w big boys
and extension of license to dec 2 2020-not surprising to us
so the only other things i can think is:
big boys are maybe realizing that with an eastward trajectory from elad (where givot oilfield of estimated 20-50 mbbl starts-and could be much bigger once more wells are drilled)- in the shape of many oil fields like ghawar and heletz etc(long and narrow)
the givot oilfield may very well flow into zn's concession most likely some miles west of mj1,which may be on the edge of an oilfield -which is what i think zn may be thinking and a reason for the 3d- bc zn found the fundamentals -(but not the expected sidionian rocks perhaps due to a faultline)- but high pressure and heat and caprock
and this would probably be somewhat in a straight line w the small maps u 've been posting re the line of oil fields thru syria -which when extended would go right thru zn's concession and perhaps mate with heletz(sp?)and elad etc
the other thing is a short squeeze- tothe can probably better comment on that - short squeezes produce crazy action like this
i was going to ask you or kyoil what size field on or below the surface would 20-50 mbbl be but i see axle has mentioned 50000 acres-only other post i've seen today so far-and i realize you cant answer til tomorrow except u know where
it could - 50k km sq is 78 square miles-e,g, the avg american city of 250k ppl is 50 sq miles
so 30 miles long by 2.6 miles wide-the shape of some oil fields would comne mighty close to mj1
and very well could flow into zn's huge 99000 acre concession west of mj1
of course they dont know the full extent of the oil field-
these derivative[you could say on behalf of zn] lawsuits are different than the tx lawsuit-they are purportedly brought on behalf of the company[though zn is a nominal defendant in one of them] to require named defendants to reimburse the company plus internal governance reforms etc-just so everybody knows
"These derivative suits seek unspecified damages to be awarded to the Company, orders directing the Company and individual defendants to make certain corporate governance reforms, restitution, and fees and costs.'
so which one of the defendants is hal lindseys cousin? that isnt privileged info is it?
very few ppl even know what fiduciary duty is
lawyers always win bc they get paid if not a contingent fee basis,just as stockbrokers always win bc they get a commission
catalysts last few days
10k out very early
raised 2 mil in fundraise
raised 1.75mil jan 1 -feb 25
evidence of their forth coming motion for summary judgment
to dismiss the n dist of tx class action
enough to operate thru may 31-does that take into account the 1.75 mil raised jan 1 -feb 25?
givot discovers 20-50 million bbl oil field east of elad
do you think big boys can figure out that givots new oil field(presuming givot is allowed by israel to be the operator since their license had expired) which extends east of elad is closer than 40 miles from zn's MJ1 well!!
these are the kind of surprises that could take zn stock over one dollar
wonder if zn will modify their 3d seismic area to account for this new info?
license extended til dec 2 2020
miss anything?
http://beit-shean-en.netzah.org/
zn's well is more than a few miles south of beit shean
http://en.netzah.org/rasstoyanie.php
69 km is ca 42.78 miles -and givots oilfield extends east of elad into west bank-so that shortens the distance even more
yes the usa legal system is a broken turtle - nice way to put it
"ELECTRONIC ORDER granting30 Motion for Extension of Page Limits. Accordingly, Defendants may file a consolidated brief in support of their anticipated motion to dismiss that is no longer than 35 pages in length. (Ordered by Judge Sam A Lindsay on 3/6/2019)'
so we finally hear about zn's upcoming motion to dismiss the case in the n dist of tx
been expecting a summary judgment motion by zn to have the case dismissed bc, from the info i saw in the plaintiffs briefs, the plaintiffs had no cause of action/merit-,let alone a prima facie case
court rules and statues re legal notice cannot be changed by a trial court -especially retroactively-and not even by the scotus retroactively
so unless plaintiffs add some meat to their case i dont know how the trial court -despite its judges presumed political orientation-can allow the case to proceed as is-
there has to be some issue of fact or law that a reasonable person could interpret in favor of plaintiff-and i havent seen such issue or fact yet-apparently neither has zn, for its 10q's and 10k's essentially say the same thing
somebody could calculate the mileage from givots recent oil discovery near elad to zn's lease-cant be all that far in tiny israel-w givots discovery in north central and zn in southern part of N israel
the offshore oil leases are expensive bc of the huge gas and some oil fields already found there
onshore leases are less expensive bc so far no large oil fields have been discovered; and thats partly bc of geopolitical considerations-oil co's not wanting to offend the saudis for decades
zn did say the oil they found in small noncommercial quantities was light oil -not kerogen
dont remember off the bat what size of olams new oil field is-read about it couple days ago
from the 10k p.23
The Company disputes the above claims and has made an advanced deposit of $500,000 to defense counsel against expected legal expenses in defending the litigation. The Company carries insurance that is applicable to these claims.
in other words insurance will probably cover the costs of litigation -less any deductible
and when they win they will ask the judge to require the other party to pay their costs and fees-that is typical -and thus reimburse insurance i guess-to the extent insurance has already provided funds
from the 10k:
Note 13 - Subsequent Events
(ii) Approximately $1,715,000 was collected through the Company’s DSPP program during the period January 1, 2019 through February 25, 2019.
tisdal already posted the 70 million some shares listed in the 10k subsequent event as of mar 3rd?
many penny stocks with no revenue are late in filing-even when such stocks file an nt form giving them an extra 15 days to file a 10k- that is, ca apr 15
10k is not due for 90 days after dec 31 -so not due til mar 31-so yes was quite early -just like last years mar 12 10k
10k says they have enough for operations through may 31 and then they noted 1.7 million plus raised this year -as subsequent event -though they didnt limit their language to the subsequent event section
as tisdal notes they will have at least another fundraise before the 3d is finished
dec is a bad time for fundraising-everybody -all the non-profits are incessantly fundraising in december-and in the usa ppl are reserving funds for xmas and then in january -its "omg we are broke we shouldnt have spent so much for xmas"-and in late december many stocks were their nadir -esp dec 26 bc of aggressive fed policies to slow the economy-the fed has since backed off,allowing the market to recover
u notice the retail stores are usually very slow in january- so they did not raise the entire 10m needed for the entire 3d program
as i watched this over many years i sometimes got tired of all the fundraises also-but thats what happens w a wildcatter-
they arent drilling in tx where there are hundreds of nearby offset wells
nor in long beach where wells are in ppls tiny yards and the air is so thick w oil u can hardly breathe
john brown is 80 or 81-i've never seen such a witness in a business setting before as i saw at the june 5 stockholder meeting video last year-such has to be eventually rewarded as per quotes from PR's and john brown missives from the most popular book
they continue to improve their scientific geophysics studies and by the process of elimination have to be getting closer if there is commerical oil in northern israel,as events and maps etc posted indicate-and as a recent discovery by givot olam indicates
a specific word i heard re zn was 'water before oil'- most zn retail investors understand the significance of that-zn finally found a reservoir system w cap rock and high temps and pressures and some oil but not commercial- overladen with 2 layers of saltwater and 2 higher layers of freshwater
so they've finally found water -and yes it sounds funny[in a different way to those who dont understand] but the real world often mirrors the world most zn retail investors are familiar with
geopolitics are involved also -the timing-frankly it would not be best for zn to discover significant commerical oil in the 8 years before 2016[usa elections]or when isis was in control of much of syria or iraq
or when saudis or russians were openly hostile towards israel
so the timing now gives them some breathing room in the years before russia and turkey etc pounce
sorry, this is not all directed at you- a rolling ball just picks up speed sometimes
yet zn has enough to carry them to May 31
havent checked yet to see if that accounts for the fundraising after the date of the 10k:
(ii) Approximately $1,715,000 was collected through the Company’s DSPP program during the period January 1, 2019 through February 25, 2019.
received the email all receive when they sign up for it ca 8 hours ago
Zion Oil & Gas Inc Just Filed Its Annual Report: Note 13 - Subsequent...
Note 13 - Subsequent Events
(i) On January 7, 2019, the Company granted options under the 2011 Equity Incentive Plan to one senior officer, to purchase 25,000 shares of Common Stock at an exercise price of $0.01 per share. The options vested upon grant and are exercisable through January 6, 2029. The fair value of the options at the date of grant amounted to approximately $10,000.
(ii) Approximately $1,715,000 was collected through the Company’s DSPP program during the period January 1, 2019 through February 25, 2019.[emphasis added]
(iii) On February 24, 2019 Zion submitted its work plan for 2019 in accordance with the requirement referenced in Note 1 of its 2019 license extension. This work plan was approved on February 28, 2019.
(iv) On February 24, 2019 Zion submitted a request for approval for a license extension through December 2, 2020 on its Megiddo-Jezreel License. Zion received approval on its request for license extension through December 2, 2020 on February 28, 2019.
The above information was disclosed in a filing to the SEC.
but the givot olam story today could have added some interest to zn today and in the future
didnt see the rig specifically mentioned in the ca 97 pp 10k but i skimmed parts of it so far-could be a good science project for somebody to find in the 10k
you are quoting from the 10k-1st mention i've seen of the 10k here but i dont see anybody has posted the link to the 10k issued late friday yet
https://www.otcmarkets.com/filing/html?id=13288364&guid=X8etUHVVhqNVFMh
both of zn's last 2 fundraisings have been poor times of the year to fundraise-and stock market was hurting badly end of dec due to the fed interest raises
yet zn has enough to carry them to May 31
yes-very much a shared vision- Israel is very aware of the support by ZN and its shareholders and usa .... and israel needs those things badly and is appreciative of that -which should bode well for future license considerations
follows p.f43 of 10k =part of work extension permit- oil discovery would change such program to a 30 year lease w option to add another 20 years to the 30 (in mexico leases-at least mining leases- are 50 years w option to extend another 50 years)
Number Activity description Execution by:
1 Submission of seismic survey plan to the Commissioner and execution of an agreement with a contractor to perform [by] 30 April 2019
2 Commence 3D seismic survey in an area of approximately 50 square kilometers 1 August 2019
3 Transfer of field material configuration and processed material to the Ministry pursuant to Ministry guidelines 15 December 2019
4 Submit interpretation report 20 February 2020
which will give them time to drill into any reservoir discovered by the 3d survey by dec 2 ,2020, so zn can turn the work program extension into a 30 year lease extendable for another 20 years
interesting-looks like i have some reading to do-both on that subject and this board-no info on said company on otcmarkets.com except the trading today and the website url-except that its a pink current info company
"According to the financials, over half of what they collect from "investors" goes to themselves, less than half is subcontracted out to others to do the work in Israel, some would call that a SCAM."
then exxon and most big oil co's are scams because most big companies do the work themselves to save money
having the equipment and the vertical integration to do the work is a sign of maturity -not a sign of scam- thats really reaching lucky
"The SEC is even investigating the existing financials for fraud, there are indications that the money spent to do the work has been inflated, that much more than half of the investors money goes to themselves."
the sec has not indicated anything of the sort-so wheres the proof for this-if there is any its insider knowledge of somebody working w the sec for purposes of shorting
by "go to themselves" you imply to officer salaries but its the salaries of everybody necessary to run a company,plus the well workers
"Surely you read what Fuzzy Panda sent to the SEC? SCAM SCAM SCAM Last year the stock sold for $5 a share, now it's fifty cents, why so blind?"
so pps tanks bc sec begins an investigation based on fuzzy pandas complaint- how is that zn's fault???
perhaps an investigation should be conducted connecting the dots of shorting cartels and "whistle blowers"
from the Nov 29 disclosure:
MJ#1 encountered oil in the Triassic Mohilla formation which Zion believes suggests an active deep petroleum system is in our license area. There was no natural permeability or porosity in the Triassic Mohilla formation to allow formation fluid to reach the surface naturally during testing and thus the MJ#1 well was not producible or commercial.
5. The depths and thickness of the formations we encountered varied greatly from pre-drill estimates. This required the MJ#1 to be drilled to a much greater depth than previously expected. Zion has tied these revised formation depths to our seismic data which will allow for more accurate interpretation and mapping in the future.
A summary of what Zion believes to be some key questions left to be answered are:
1. Is the missing shallow Senonian age source rock a result of regional erosion, or is it missing because of a fault that cut the well-bore and could be reasonably expected to be encountered in the vicinity of the MJ#1 drill site? Zion believes this is an important question to answer because if the Senonian source rocks do exist in this area, the high temperatures encountered are sufficient to mature these source rocks and generate oil.
2. Do the unusually high shallow subsurface temperatures extend regionally beyond the MJ#1 well, which could allow for the generation of hydrocarbons in the Senonian age source rock within our license area?
3. As a consequence of seismic remapping, where does the MJ#1 well lie relative to the potential traps at the Jurassic and Triassic levels and was the well location too low on the structures and deeper than the potential hydrocarbons within those traps?
As a result of these unanswered questions and with the information gained drilling the MJ#1 well, Zion now believes it is prudent and consistent with good industry practice to try and answer some of these questions with a focused 3D seismic imaging shoot of approximately 50 square kilometers surrounding the MJ#1 well.
its coming- zn has a huge 99000 acre lease
water before oil- they found a system- cap rock with large pressure underneath
found fresh water(and also some deeper saltwater) and some oil- with the aid of a lot of geophysics
and now trying to find where the commerical oil is within that system,if any
https://www.otcmarkets.com/filing/html?id=13085065&guid=8RjtUFOezEZZByh
show me proof that any institution has to sell zn shares when the russell index is rebalanced
the only requirement almost any institution has re investing is that the company is sec reporting and thus has current reporting/financials
and as we have noted before this is helping change geopolitics in the region-e.g egypt and saudis telling other arab nations to make peace w israel (as they also recognize iran is the real threat regionally)
and the regional gas etc distribution would weaken russian oil/gas political blackmail over europe,already muted in some areas as israel has become some european nations chief source of fruit etc
"Energy has brought together countries once considered enemies in the region.
Israel, which has enough gas to meet domestic demand until 2040, has signed export agreements with Jordan for gas from Tamar and with Egypt for gas from Leviathan.
“This is actually the first major economic cooperation that we’ve had with these countries,” Mira Marcus, communications director for the Israel’s energy and economic mission, said after mentioning the “cold peace” Israel has had with the countries.
Israel is also working to create a regional gas hub with its neighbors to potentially provide gas to European markets."
50 square kilometers as i've noted from pr many times before-since that is too hard for some to understand its about a 2.5 mile radius surrounding
"a focused 3D seismic imaging shoot of approximately 50 square kilometers surrounding the MJ#1 well." from nov 29 pr and 1-9-19 pr
Moving forward with a plan means a company is committed to and carrying out the plan previously specified-that they have not changed to a different course of action-that they are staying the course.
the following shows some of the activities they have already begun carrying out in fulfillment of the plan re the 3d which will target the 50k square km surrounding the MJ1 drill hole/pad.
"The Company has commenced preliminary scouting and survey design to help identify the geologic boundaries of the proposed 3D seismic survey. Additionally, Zion held initial meetings with potential vendors to aid in the 3D seismic planning and acquisition process."emphasis added.
and that was as of 1-9-19 and earlier
some ignored this activity.
Something else which has always been ignored is that except for some bonds ZN is debt free-which is rare for a company-and whenever i've looked at their current ratio it has been positive-that does not happen by accident
many companies at this pps have no plan,no assets-no foreseeble way to acquire assets or income.
And many companies at this pps have horrible current ratios(comparing current assets to current liabilities)
one company i looked at had 50 million debt and only 5k assets.
i was just looking at another oil co -which had ca 25 mil operating revenue last period but 20 million of interest on almost 1 billion of debt
zn can look and move forward bc they make a plan,then finance the plan,then execute the plan. If that sounds simple it is not-many companies are not able to do so.
They have the license etc and good relations with israel and a quality team which uses geophysics to explore- thats the very reason they are adding the 3d.
as has been posted several times before, zn is proceeding with the 3d survey plan outlined in the Nov 29 communication below:
https://www.otcmarkets.com/stock/ZN/news/story?e&id=1256628
last year ZN posted its 10k Mar 12- so if ZN is as early this year as last in posting their 10k it will be just ca 2 weeks more before we hear more
remember that, during opposition such as zn has experienced, most lawyers issue gag orders plus zn knows they are carefully being watched-all reasons why they are more reticent to communicate with us outside PR's and required disclosures.
i myself am a fighter -had to be to avoid being sucked up by the cult i grew up in by birth and save lives and in my experience when you stop fighting you give up
some with different experiences can put too much emphasis on turn the other cheek
but the fighting zn is doing, as far as i know, is behind doors with lawyers(as is clear from the 10q)-the hitmen of choice of todays world(and i realize i may not be privy to all the issues of fighting surrounding zn-sounds like i am not)
miss a good rumble though-gets the blood flowing-makes you feel alive
already previously asked and answered
re the legal costs
on p.33 of the 10q "The Company carries insurance that is applicable to these claims"
so insurance will pay a large part of the costs eventually,if the court for some reason doesnt award zn with its costs and fees
also, as zn claims, and i agree, the shareholder suits are without merit as is-and would require retroactive major changes in the rules of notice which are codified by statues and court rules -something that cannot be done retroactively and can only be done going forward by a higher court -not a trial court
so when zn wins the shareholder suits zn will ask for costs and fees -which the winner typically asks for-and courts often grant such even when suits are not without merit!!
re cash - i never included other current assets in cash- thats just make believe
i just debunked the myth which excluded other current assets from current assets,which themselves can be broken down into the quick ratio -items expected to be realized within 90 days -and the current ratio-items expected to be realized within a year
last 10q: "At September 30, 2018, we had approximately $5,318,000 in cash and cash equivalents" . Their Sept 27 8k reported a raise of 5.3M
their current assets were not limited to cash= as some said:Total current assets 7,269,000 as of last 10q
also p21 Note 8 - Governmental Receivables
At September 30, 2018, governmental receivables included approximately $701,000 due from The State of Israel for VAT refunds and an additional $18,000 from the State of Israel for BLO refunds (excise tax on fuel).
last 10q"Note 9 - Subsequent Events
(i) Approximately $326,000 was raised through the Company’s DSPP program from October 1 through 30, 2018."
so it can be assumed ca 1/3 million is being raised monthly even without a specific fundraising push
"For the nine months ended September 30, 2018, approximately $12,608,000 was raised under the DSPP program. Of this amount, approximately $1,506,000 was received through the exercise of warrants' p.26
"Cash provided by financing activities during the nine months ended September 30, 2018 was $15,659,000" p 31 10q
On AN ANNUALIZED BASIS THIS IS A FUNDRAISE OF OVER 20 MILLION/YEAR-i've reported the exact number before
therefore it would be insane to assume they would not be able to raise enough to complete the 3d survey,which costs far less than paid out last year to drill MJ1
ZN expressed their confidence in raising enough by setting a jan23 end date for the raise and sticking to it
some keep saying zn will just fundraise again and why shouldnt they if necessary- thats what a public corp does until net revenue- that is as basic as it gets!!! -why should that be a surprise to anybody???
thus it is no surprise when ir says they have enough to proceed, with the details noted in the 10k if nothing else,as zn has previously noted dssp proceeds in the subsequent events section
IT WOULD BE NEWS IF THEY DID NOT HAVE ENOUGH TO PROCEED-its not news that they have enough to proceed, given their above track record -some of which is noted above
Since their fall testing did not last as long as they had presumed(we were surprised to get news of completion of testing long before the indicated window of testing was over),and since 600k/month without drilling etc would last almost 9 months,logic indicates,absent large unusual expenses we dont know about,that some of the that 5.318M remains.
Also, they may not have factored(bc the situation was so new) into their 600k estimate that Dustin was now fulfilling duties for COO,PRES and CEO,as Victors CEO salary no longer exists.
During non testing times they could probably save money in other areas also.
Kyoil has publicly said on this board he continues to buy monthly and I presume that includes many others who believe in the cause and the eventual expected result.
Very few expected the large raise of 5.3M from Aug 21 to Sept 26 during the then unfavorable time of year for fundraising.
As I've said before ZN's rather unique mission,which is viewed favorably by a potentially very large worldwide donor base,gives ZN a leg up on fundraising,as can be inferred from its 18 year incorporated history of such fundraising.
So, whereas we dont know how much was raised in this last period yet,the usual prognostications of doom have previously always proven false.
If the amount raised fell far short of objectives they could have extended the time for such a raise. They are more familiar w their history/ability to raise than anybody and they confidently throughout the period stuck to an end date of jan 23 for the fundraise.
again, another out of the blue unsubstantiated comparison to the scott minstry-which had the foresight to not participate in the 1954 johnson amendment 501c3 trap-and thus the scotts financials are not reported
ZN is sec reporting-all of its financials are reported
and many here -including tisdal -have reported how John Brown has donated significant amounts of time and money
when zn discovers significant amounts of oil,Browns foresight in starting this venture many years before zn incorporated will be applauded,just as genes avoiding the 501c3 trap many years before the rest of the communities eyes were opened,feet dragging
'water before oil'-they discovered a little oil and more water- someday it should be the reverse and pps should be above 5 dollars again,but until then the following is good advice:
***PROTECT YOUR SHARES FROM SHORTS!***
Click on sell, put price at $5 or more, and time at GTC (good till cancelled) and then brokers can't use your shares to short you out of your money! Dont make the thieves jobs easier by not doing this!
So thanks for that grasshopper:glad to see the resurect
that posting by ZN confirms they received enough in the last fundraise to move forward. Somebody told me ir told them the same and the details will be in the 10k.
Whether they received 10 million or not is anothwer issue but as Clint Eastwood said, 'it doesnt really matter does it" because they have plenty of time to continue fundraising,something that is always occurring w the dssp program anyway.
anytime a company is involved in litigation,the lawyers almost always issue gag orders so as not to complicate things
as zn has noted on website and in their filings: "We believe these claims are frivolous and without merit, and we are waging a vigorous defense."
I believe the claims are frivolous as i have posted at length many times- and zn has continued to comply w all disclosure obligations and been pretty open considering the cicumstances
browns blogs or updates can be found at https://www.zionoil.com/updates/category/founder-updates/
including one from aug 7,2018
in answer to the question :"If it's all a hoot of nothing, why haven't the ZN lawyers be able to convince the SEC to terminate the investigation?"
the sec is known to be very thorough, especially during the swamp era, where reportedly many agencies received illegal orders to destroy business "because all business is evil and must be destroyed"-thus thousands of penny stocks were restricted etc without due process by various agencies and brokers etc
so the sec is not going to terminate the investigation until it is complete-you yourself have said sec is slow and takes a couple years to investigate!!
in a previous stock i was in which the company was charged by the sec-not just an investitgation-a judge eventually dismissed all the charges against the company while the sec remained silent-as if the sec didnt want to acknowledge the charges against the company were false
Re your contention: "Neither is it too difficult to read the filings, and figure out that in 10 yrs the Brown gang has bilked investors for million$$$, and ZN has not produced one drop of oil revenue. Or that 80-90% of the revenue proceeds from a PSPP fund raising was not spent for oil drilling"
the lengthy 10q's etc -supported by pics etc show where the money went-and etc for salaries did not go in to somebodies pocket
if it had where were the whistle blowers all those years???
please provide specific links for the defamatory contention that john brown is on the run and in hiding
john brown issues blogs -dont know what else to call them- at least 2 last year and they have been posted here before- i have more to do than others dd all the time so the ff is an example
https://www.zionoil.com/updates/spreading-vision/
thanks for clearing that up- didnt know whether you meant owned surface rights or concession-as it turns out i guess you mean both
in the usa many surface landowners suddenly recognize they dont own the mineral rights when mining companies come through and buy a lease from the government for mineral rights-same for mexico ithink
yes we understood that since brad reportedly had not paid the workers, the trommel-apparently as per court command-was sold to pay the workers
the last time one of our posters shared his pics from a mine visit the only major piece of equipment seen-other than the construction trailer -was the trommel-so we wondered if brad was storing equipment in ysidro,a suburb of san diego,where he had a corporate facility
bob was suing brad for equipment in one or more of several suits-so what equipment did you receive -was that a result of your lawsuit against brad since brad didnt pay the concessuion or per ton costs for ore shipped on ilia
so you re-acquired the concession in a court battle w brad?
and are going to mine yourself? rather than let out or lease the concession to somebody else again
so as a local you are in the mining records as surface owner and now if not always concession owner,since you leased the concession
where is the evidence that john brown is hiding from the sec-why would he be- he has continued to issue missives on behalf of zn
no evidence he is hiding from anybody