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from 7-11 filing cited below
Item 8.01 Other Events
On Thursday, June 21, 2018, Zion Oil & Gas, Inc. (“Zion” or “Company”) received a subpoena to produce documents from the Fort Worth office of the Securities and Exchange Commission ("SEC"), informing Zion of the existence of a non-public, fact-finding inquiry into the Company. Zion, an SEC-reporting company with audited financial statements in the US and Israel for over a decade, will fully cooperate with this investigation. Until receipt of the subpoena on June 21, 2018, Zion had no previous communication with the SEC on this issue and was unaware of this investigation. The SEC stated that "the investigation and the subpoena do not mean that we have concluded that [Zion] or anyone else has violated the law."
the sec has not called zn a scam nor has a court nor has any other ruling body
the sec has not made any public pronoucement re zn
so where do you insiders get all your inside info to back up your shouts of scam on every stock you target?
i know u are relying on one court case which said that shouting scam on an internet board was just an opinion and thus not actionable according to that one judge and that one jurisdiction
this is sometimes a problem where the law has not caught up to new technology or forums of expression
but that one judge is not the law of the land
and you are not presenting your shouts of scam as an opinion but as fact
as i've said before, the usa supreme court standard for defamation re a public official is "reckless disregard for the truth" something i see all the time when many call zn a scam
and zn officers are not public officials-public co but not public officials- dont hold any political office etc nor do they make their fame(if any) from being associated with zn
there is a sliding standard for defamation=- for an ordinary person all that must be shown is a negligence standard
zn is somewhere in between those standards
a whistle blower who apparently runs a shorting cartel with probably prejudice against zn's mission filed a lengthy complaint against zn
so it would not be a surprise that the sec would follow up on such complaint
zn itself said in effect that they were overdue for a look see as they had not had one in their 18 years of operation
Until SEC or a court or some other governing body rules-after careful investigation and due process- shouting scam without even qualifying it as an opinion-is either very advanced insider info( for many months now) or actionable defamation
since when is a private individual judge jury and executioner in a land of 'innocent until proven guilty'
https://www.otcmarkets.com/filing/html?id=12856777&guid=JRitUn_AwxcHsth
owners ? do you mean the new lessees with a lease of 50 years,which is renewable
Chinese company? seems like some translation in the post and in the past there were some suggestions that chinese companies were reading this board
5 years of court with brad? re the environmental permits? re the state in which the mine was left?
Bob had 4 suits against Brad and there were reportedly other suits against brad
Bob had been trying to recover his equipment-what had not been sold by brad anyway (e.g., the trommel) via some of those suits
so what equipment are you referencing?
presumably you-the new owners-is a private company?
lease on both the North and South half of the mine?
at the very bottom of the board info is this link:
"Options: Sign up for 'New Colombia Resources, Inc. (fka NEWC)' E-Mail List"
many boards have such a link
also many times u can sign up on companies websites
sometimes a co can accidentally bypass somebody even if they are signed up -has happened to me but i got the last email
sounds good buddy
and to reiterate a point i've made before, as long as he continues with these promises that can extend the time for ppl to bring suit
just another possible indication jc believes in what he is saying
stock market closed monday feb 18 for presidents day
well,good for her - sharons business profile looks good as usual
incorp in 2000
ZN-the present company -has been fundraising since its incorporation in 2002 -over 18 years -that is an excellent track record of fundraising-so excellent it has drawn attacks
in fact much of yolandes complaint focused on zn fundraising
there is no reason to believe that zn will be unsucessful in fundraising.
they have always been able to move their plans forward,albeit experiencing the usual delays that are part of the real world.
i have never doubted for a moment that zn would raise enough to move forward,as i have posted-e.g.,they confidently said til 10 million or jan 23, which ever comes first
they could have extended the period but they confidently kept posting the fundraise would end jan 23
they can always fundraise again of course and fundraising continues -some if it automatically -as some investors have an automatic amount paid into the dssp(whatever the initials are) program including the director gene something who posted a form 5 for his automatic acquisitions of zn stock in 2018-why hasnt anybody posted that disclosure
if the sky is falling why didnt gene-a zn director -get the memo
and the amounts are admittedly small in his automatic zn stock dssp program-but still
https://www.otcmarkets.com/filing/html?id=13215748&guid=pTVtUaseQ9nd4yh
there are quite a few companies who fall below the min bid price and then take corrective measures either via operations to show value or meet alternative qualifications -which would give them ANOTHER 180 days to correct
and somehow some companies are able to stay listed on the big board they were on for years-i previously posted an example of a co below one dollar bid for over 5 years-an oil and gas co hq in dallas just like zn
i posted the info below before but since you did not see it
the sky is not falling- zn had 180 days from the notice to raise bid pps to 1 dollar or move to another qualifying sector of the nasdaq- assuming they meet market value requirements etc of the alternative qualification
and as a last resort they can always r/s if they want to remain on the big boards rather than the otcqx (min bid pps of .25)
btw,theres nothing wrong w the otcqx either- walmart of mexico and adidas are examples of co's that were on the otcqx- which contains many foreign blue chips- bc despite having the near equivalent reporting information it is much cheaper to list on the otcqx-doesnt require a 150k/yr listing price and only requires 25c pps
btw,companies who invested in zn due to its nasdaq status are not required to dispose of zn stock if if if that happened
every companies wish is that they will be able to show value sufficient to bring pps to 1 dollar during these time frames rather than r/s (which is not the disaster some always portray)-
r/s has a nasty connotation bc of the occurrence in companies where pps falls to .0001 so the co will r/s to raise money via stock issuance bc the company has no other way to raise money-those .0001 companies sometimes dont even have a product and are just a shell with no assets-
zn is not in that company- but those who immediately jump on the r/s bandwagon are implying zn is-which is a great insult to zn and all the hard work they are doing daily as a real non-shell co spending millions to show value
if other activities raise the pps or if the 3d survey makes a good case for a reservoir,there is a good chance the min bid pps will reach one dollar for 10 days-and then restart the clock
and then before that clock runs out there is a good chance that zn could reach whatever reservoir is identified by the 3d
some always forget there is 2 sides to a story
so as in the link below zn feels it has answered that question-in the link below zn notes they have 180 days to raise pps or slide to another qualifying segment of the nasdaq market based on market value- and if that doesnt work -and zn will be watching the min bid -as a last resort zn can r/s to remain on the nasdaq
those who immediately jump on the r/s option are betting on failure -they are the same who call zn a scam
they are betting that all of zn's efforts to show value will fail-
https://www.otcmarkets.com/filing/html?id=13154730&guid=FVC8Uqxrs0NjJyh
re 3d, On ZN's website under frequently asked questions zn says this:
"Larger oil and gas exploration companies may choose to conduct extensive analytical pre-drilling testing such as 3-D seismic imaging, the drilling of an expendable “pilot” well or “stratigraphic test” to collect data (logs, cores, fluid samples, pressure data) to determine if drilling a well capable of producing oil or gas (full completion with casing and well testing) is justified. The use of pilot or stratigraphic tests is often used in areas where there is little or no offset well data, like Israel, where our exploration license area is located.
While 3-D seismic imaging data can be more useful than 2-D data in identifying potential prospects, its acquisition, and processing costs can potentially be multiples greater than that for 2-D data.
In addition to using 2-D seismic technology prior to drilling, we have historically also utilized gravity and magnetic data, built cross-section maps from offset wells and utilized geophysical analysis from similar geologic targets. We believe that the additional months, delays and costs associated with more extensive pre-drilling testing typically undertaken by larger oil and gas exploration companies is not necessarily justified when drilling vertical or near-vertical exploration wells (as we have historically been doing).
Nonetheless, the absence of more extensive pre-drilling testing may potentially increase the risk of drilling a non-producing well, which would, in turn, result in increased costs and expenses. Additionally, we are typically engaged in drilling deep onshore wildcat wells in Israel where only approximately 500 total wells have ever been drilled, the vast majority of which are relatively shallow. As such, exploration risks are inherently very substantial."
"(From 10-K for the Fiscal Year ended December 31, 2017)"
ZN announced their intention to proceed "with a focused 3D seismic imaging shoot of approximately 50 square kilometers surrounding the MJ#1 well."
"ZN will plan the survey design or layout, identify and obtain the necessary equipment which will likely have to be imported, receive the necessary permits, negotiate potential surface damages"
Only ZN knows how much internal work they will do on the plan before contracting with a 3D company,but they will likely plan the survey design and layout first-and as a practical matter wait for the results of the raise so they know the funds initially available.
Does anyone know whether Viking did 3d while Mr Guinn was with Viking?
There are several new approaches to conduct 3d,which we have posted,and ZN may discuss those new approaches internally and possibly with affected landowners.
By the time the 1st 'the sky is falling' -now re why hasnt ZN revealed their 3d subcontractor,it was only ca 2 weeks after the raise period ended. Whats the rush!! Do it right the 1st time.
If by chance ZN contracted before the new year we will hear about it soon enough in the 10k in possibly a month,as ZN filed their 10k last year March 12. Its not due til ca Mar 31.
There are reasons to delay in announcing a subcontractor. Many companies are aware- because they have experienced this -that once they announce partners or contracts etc ,those who dont want the company to succeed harass the contracted party-and in some cases to the point where the contracted party withdraws. I'm not giving ZN's opposition ideas here because zn's opposition is the best the
adversary has.
the subcontractor will be announced when zn,after considering all the angles, considers it is the right time- subject of course to reporting requirements.
Part of ZN's Nov 29 announcement re 3d:
" 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.
If undertaken, this will not be a short-term exploratory project with immediate results, and it is one for which Zion will need to raise additional funding, the success of which is not assured. A realistic timeframe in which Zion can reasonably expect to complete this project would be six to twelve months (following a successful raise) to plan the survey design or layout, identify and obtain the necessary equipment which will likely have to be imported, receive the necessary permits, negotiate potential surface damages, and acquire the data. An interpretation effort would follow the seismic acquisition. We intend to proceed soon with a new unit program to try and raise the needed funds for this and will provide details concerning unit program limits, parameters, use of proceeds, and other pertinent information."
from the following:
https://www.otcmarkets.com/stock/ZN/news/story?e&id=1234574
thanks for keeping the fires burning buddy
In the last 10q p.4, ZN raised "Net cash provided by financing activities 15,659,000" in the 1st 9 months of the year,an annualized rate of over 20.878 million/year
nothing selective re my memory -perfectly aware zn posted sept 27 re last raise and i posted about such yesterday-which is one of reasons i was asking tisdal if he meant the last raise would be reported in the 10k
others may have selective memory- yolande who made the complaint partly bc zn had raised so much money and others shouting about how zn is able to raise so much money(always suggesting past tense)while ignoring their own shouts going forward
that large worldwide funding base
so when the subject becomes present ability to fundraise some are silent-cant have it both ways
ppl pay 100's or thousands of dollars just to go hear willie nelson sing, "on the road again" and the pleasures of good weed-since such song was written on a barf bag-yum yum.
if yolandes etc complaint is true then all jb has to do to raise large amounts of money is go "on the road again" and crank up another dancing chicken-dont you love dancing chickens
at least ppl will be investing in somethng which has the chance of a large positive return rather than a large negative return (such as a barf bag etc)
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
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 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.
do you mean in the 10k,which is not due for 90 days after dec 31-last year they filed the 10k March 12
a reminder for those who are serious about bringing a suit
i've been in situations in the past where there was nothing but talk- where i did all the work to put the info together in a way it could be digested by outsiders= but nobody else was willing to do one lick of work, let alone be willing to be a named plaintiff or help with one cent for expenses etc
these things dont happen by magic
in todays upside down world it takes a lot of concerted effort to get anywhere close to justice-bad guys know this
not soliciting -my plates already full
thanks for posting- i hope somebody has reminded zn in case they are so excited they forgot to report(could be humor)
usually in such situations the delay is bc companies are waiting for related news to post at the same time-and due to mr murphy such news is usually delayed- assume such news - if this is the reason- would be re the 3d
other possible reasons:its tax season now, keeping many accountants busy
is it possible they are waiting for pledges from the latest john brown conference on israel to be funded?
dont know - just possibilities
since reporting the fund raise is an "8.01 other event" there is no 4 business day requirement to report
as per this sources estimate below we just have to wait til nov 2021 for oil to exceed 100 again
of course everybody has their own estimate but almost everybody predicts higher prices than currently
sources for the energy advantage newsletter predicts 70-85 by july
in most of the stocks i've looked at such stocks bottomed around dec 26
there are always geopolitical hotspots which disrupt price upwards
in the past russias wells were run not according to logic but
political considerations which has and will continue to hurt russian recovery in such wells going forward
1 of the reasons speculated for the no go of the saudi aramco ipo last year is that in doing so they would be forced to open their records for such for the 1st time since the 70's, and the saudis long term political commentary re how much oil they have will be seen as a pot of lies engineered for global political power
https://longforecast.com/oil-price-today-forecast-2017-2018-2019-2020-2021-brent-wti
agree- there are clubs or shorting cartels who short a stock based on their belief -sometime inside info -that the sec will investigate such stock etc-knowing that such news will crash the pps due to the fear factor and ignorance etc
such groups have made untold millions,especially during the swamp era
the sky is not falling- zn had 180 days from the notice to raise bid pps to 1 dollar or move to another qualifying sector of the nasdaq- assuming they meet market value requirements etc of the alternative qualification
and as a last resort they can always r/s if they want to remain on the big boards rather than the otcqx (min bid pps of .25)
btw,theres nothing wrong w the otcqx either- walmart of mexico and adidas are examples of co's that were on the otcqx- which contains many foreign blue chips- bc despite having the near equivalent reporting information it is much cheaper to list on the otcqx-doesnt require a 150k/yr listing price and only requires 25c pps
btw,companies who invested in zn due to its nasdaq status are not required to dispose of zn stock if if if that happened
every companies wish is that they will be able to show value sufficient to bring pps to 1 dollar during these time frames rather than r/s (which is not the disaster some always portray)-
r/s has a nasty connotation bc of the occurrence in companies where pps falls to .0001 so the co will r/s to raise money via stock issuance bc the company has no other way to raise money-those .0001 companies sometimes dont even have a product and are just a shell with no assets-
zn is not in that company- but those who immediately jump on the r/s bandwagon are implying zn is-which is a great insult to zn and all the hard work they are doing daily as a real non-shell co spending millions to show value
if other activities raise the pps or if the 3d survey makes a good case for a reservoir,there is a good chance the min bid pps will reach one dollar for 10 days-and then restart the clock
and then before that clock runs out there is a good chance that zn could reach whatever reservoir is identified by the 3d
some always forget there is 2 sides to a story
so as in the link below zn feels it has answered that question-in the link below zn notes they have 180 days to raise pps or slide to another qualifying segment of the nasdaq market based on market value- and if that doesnt work -and zn will be watching the min bid -as a last resort zn can r/s to remain on the nasdaq
those who immediately jump on the r/s option are betting on failure -they are the same who call zn a scam
they are betting that all of zn's efforts to show value will fail-its on that basis that zn would delete posts if they did - i just dont follow facebook for many reasons
https://www.otcmarkets.com/filing/html?id=13154730&guid=FVC8Uqxrs0NjJyh
dont take what i said re carillos gifting of shares out of context -thats really reaching!!
what i said was:
we've also been over the ex ceo carillos disposition of stock ad nauseum
1st -something regularly forgotten by his accusers- is that those were gifts-mostly to charities/religious institutions
carillo as a former judge would have acquired approval of zn's compliance officer and lawyer(if they arent the same)for his stock transactions
texas case law,if not statutory law, probably allows such gifts, despite any timing issues
can u see why a gift would be an allowable exception re any timing issues
and if carillo didnt go thru zn's approval process then that would be entirely on him-and since he's no longer an officer or director would have no impact on zn
this has nothing to do with any other subject matter
yes, there can be a lot of reasons for carillos selling of shares including that carillo has had a very active career in more than one venue
and since carillo no longer has a zn salary and has legal expenses as an individual defendant in the stock holder suit (not all of which may be covered by zn- there are always incidentals) he may sell for that reason or simply to pay a childs college tuition etc
the deal is no one here likely knows why and so nefarious reasons should not be idly claimed in violation of defamation law
carillo doesnt know what the 3d results will be so those who falsely claim he does are again barking up the wrong tree
been over this before-just bc the non-production well didnt produce commercial quantities of oil doesnt mean its a scam-
zn's expenses and efforts to produce oil are well documented in their sec filings,including 8k's and PR's
we've also been over the ex ceo carillos disposition of stock ad nauseum
1st -something regularly forgotten by his accusers- is that those were gifts-mostly to charities/religious institutions
carillo as a former judge would have acquired approval of zn's compliance officer and lawyer(if they arent the same)for his stock transactions
texas case law,if not statutory law, probably allows such gifts, despite any timing issues
can u see why a gift would be an allowable exception re any timing issues
and if carillo didnt go thru zn's approval process then that would be entirely on him-and since he's no longer an officer or director would have no impact on zn
we've been over this before
microcaps1 Sunday, 09/16/18 12:09:08 AM
Re: janice shell post# 28758 0
Post # of 30764
its all right here which u apparently didnt read,from the sec website
only items in sec 1-6 and 9 have to be filed in 4 bus days- item 8.01 and the subject matter is not within 1-6 or 9
so there are exceptions as noted
https://www.sec.gov/fast-answers/answersform8khtm.html
a quote from that form on the sec website:
"Companies have four business days to file a Form 8-K for the events specified in the items in Sections 1-6 and 9 above.
The july 11 8k re the sec investigation was item.8.01 other event
https://www.otcmarkets.com/filing/html?id=128...Fxzfuh5Qyh
the conclusion of the syllogism is that bc the july 8k was an 8.01 item,it was NOT required to be filed within 4 days
defendants are system wide allotted 20 days to respond to notices of suits which i assume would include an sec investigation, even though it has not risen to the level of a lawsuit
to require zn to file an 8k within 4 days of notice would impinge on the system wide basic right of 20 days to respond and thus would be illogical
you and your group are sec specialists,so perhaps u do not realize how extremely specialized sec subject matter items are in the law-a specialty of a specialty.
you already know that any company which receives such notice from the sec has to find an sec approved attorney,and outside of washington dc and new york and a few other areas such sec approved attorneys are far and few between.
except for ambulance chasers it could be hard to find and obtain a meet and greet w such an sec approved attorney within 4 days outside of those few areas.
the stockholder complaint that Zion’s public statements were "materially false and misleading at all relevant times" refers only to whether zn had legal notice of an impending sec investigation-and as u yourself say thats a weak point bc the sec purposefully hides any investigation from the companies until the sec is ready to subpoena.
once zn got the subpoena, zn filed the 8k re such within the statutorily and court rule regulated time
PR's are covered by standard boiler plate forward looking statements every company relies upon
forward looking results cannot be guaranteed -everybody knows that-everybody knows the only guarantees are death and taxes
if one, via discriminatory thought processes, believes every xtian company is a scam,they will falsely impute motive and intent to the company and its officers
whatever- there is no criminal intent so the most that can happen in the sec case -absent proof of criminal intent-is a fine
such fines are usually not large and a large fine would not protect but rather harm stockholders sec is suppose to protect
if the sec really wanted to protect longs any fines would be distributed among stock holders of record as of a date certain-but i've never personally seen that happen
we've -especially you have discussed the tort of malicious mischief etc
but in any case zn- presuming zn wins -as it should,given what i've seen so far -can demand costs and attorney fees
we've been thru this ad nauseum- plaintiff has the burden of proof to prove their statements re false and misleading claims-
imo nothing in the complaint has done so- what the complaint is really trying to do-using the worse kind of ambulance chasers- is create a remarkable precedent to retroactively change the law of notice,which effort has to fail for at least 2 reasons:
1)the law of notice and what constitutes legal notice is codified in statutes and court rules
such law cannot retroactively be changed,let alone dramatically by a court -especially a trial court
2)a tweet and or an incomplete copy of a notice by the sec denying a foia request to a private party not connected w zn is NOT legal notice to zn of an investigation by the sec (prompted by a complaint to the sec by a self appointed private party watchdog)
complaint says zn knew of investigation- no proof of that has been shown in the complaint!!!!
and of course ambulance chasers will demand a jury trial -they know the law is not in their favor-that based on what i've seen so far the judge would have to dismiss the case - so they use the constitutional right to a jury trial to advance their case to a jury trial
they want a jury trial to play the magicians trick - get the juries eyes off the law and get them to focus on some party presented to the court-e.g an old grandma in a wheel chair
but the judge will give instructions to the jury re the law and if the jury violates the law the judge has power to dismiss the juries 'findings'
well, nobody is guaranteed the sec wont investigate a company and stockholders are not guaranteed they wont lose their money-that is the most basic law of the market-
if holders are guaranteed then brokers etc during the unprecedented reverse robinhood scheme swamp era illegally participating in a private public eminent domain scheme to steal their innocent 3rd party clients money owe thousands of ppl in thousands of companies untold millions-which is where there should be a class action
ZN sends out regular notices re the number of days remaining til the current offering period is over, including a notice yesterday that the 22nd/and or 23rd was the last day for this particular fundraising.
So I imagine they will release a disclosure re the total amount raised soon,as they did with the last such fundraising period.
They have remained steadfast in the timing of this particular fundraising period(ending today)and confident throughout the period that they will raise an amount necessary to accomplish their near term objectives- that's my reading of all of zn's pronouncements during this fundraising period.
https://www.otcmarkets.com/stock/ZN/news/story?e&id=1256628
a long time ago kyoil posted this 3d imaging would be a radius of 2.5 miles(rounding off) and my later posted calculations were a radius of ca 2.48 miles
the 3d area will SURROUND the well - there is no reason nor statement by zn that it would go 50km in one narrow direction- i already answered that at least once before so dont know why it was repeated again
microcaps1 Wednesday, 12/26/18 02:17:12 AM
Re: None 0
Post # of 30656
https://www.zionoil.com/updates/press-release-november-29-zion-oil-gas-plans-going-forward/
from the Nov 29 PR
with a focused 3D seismic imaging shoot of approximately 50 square kilometers surrounding the MJ#1 well.
that does NOT mean 50 kilometers distant
!!!!thats ultra crazy!
https://www.dollartimes.com/calculate/area/sq...e-miles/50
which in a square would be 4.395 miles on a side of a square[or a circle of 2.48 miles radius],which would make sense bc that would not include the closest town Beit Shean nor pass over the Jordan River some 3-4 miles away nor likely cross over into the West Bank ca 3-4 miles away
and could include a little extra land to the west or nw or ne
i've already posted that damage at most might include decoupling of some irrigation pipes -if they even use irrigation pipes-probably not in areas close to the well- israelis are renowned for their water conserving agricultural tech-
the water year is from october to april w fields lying fallow starting in may[depending on the crop]
zn implied 6 months to acquire and "install" equipment,so zn would most likely be doing that just as fields become fallow and hopefully finishing before fields were planted again-
zn obviously would plan in the way that causes the least damage starting in areas that are fallow 1st and finishing in areas before planted
yes i remember this and especially the auditor problems -the continuance committee etc-auditors do sometimes have their own problems- so i could see that arising and or jc getting so mad at the auditors that they quit
but i have not understood the subsequent continuing saga of the new sequence of auditors saying 'in the next 2 weeks'-and how could we- bc the reasoning behind that has not yet been explained
ppl are always asking me for a conclusion -i've laid the foundation
i dont personally know jc- so all i can do is repeat the foundation
i dont know what is so wrong w the financials that they never get done? let alone audited
if audited financials are forwarded to the specialist lawyers who work on form 10's etc and those lawyers jump thru every hoop- thats what they are paid for-its possible -especially now that at least 2 of the 5 sec commissioners are probusiness trump appointees
but i dont have any insider knowledge- i've never even communicated w jc- nor do i work at the sec etc, so i cant say
zn has explained that they are not using verses to determine where to drill-they are using geology to drill
vast gas and some oil fields are to the west - vast oil and gas fields to the east-some non dry holes to the north-this is fact
zn has used geophysics confirmed by outside sources to determine where to drill the last hole
since the geophysics and the drilling confirmed an active petroleum system in that area the purpose of the 3d imaging is to locate what the exploration well could not find in commercial quantities
zn has more fully explained in their pr's
it is normal today for many holes to be drilled from the same pad-zn's intended modality is to do the same as necessary to intercept bodies of oil shown by the 3d
the same sources who claimed a dry hole before spudding even began laughed at zn for not using 3d and now that zn is going to use 3d they laugh at zn for doing so - pretty explanatory that such opinions are not based on fact
" Technically a naked short, since it has no shares of its own to sell. This goes onto the consolidated tape and also shows up on the Daily Reg SHO. This is what your "nakedshortreport" site is displaying. On a separate leg of the very same trade transaction, often in nanoseconds, the MM purchases 500 shares from my ask to close their open position, that gets reported to the NON TAPE report. All of this trade execution information flows through FINRA."
http://regsho.finra.org/FNSQshvol20190118.txt
if all this info - both tape and non tape- "flows thru finra" then why doesnt finra take into account the non-tape info to reconcile the transaction instead of showing the 500 nontape shares as a short or a naked short??
So why does finra show the descriptive ''short volume'' on the daily regsho for those 500 shares often covered in nanoseconds
in doing so arent you saying finra is misleading ppl by not reconciling the non tape shares(where you say the short is often covered in nanoseconds)in the regsho report with the tape shares? If what u say is true then finras reporting of the temporary short as "short volume " at the end if the day causes great confusion.
My thought logically has always been if the temporary short is covered in seconds or nanoseconds then why dont the mm's wait the seconds or nanoseconds at the end of day when they are required to report to finra(i recognize the transactions occur throughout the day)
i have never seen the explanation that the covering of the short is a non-tape transaction before-wish i could believe that-even if i did the questions above still remain
i am definitely NOT an expert on the shorting process -i've never had enough interest in it to be-but the longs who are experts swear by the daily finra short reports,as do the sites who report short reports for companies,as do the sites which track % of shorts for companies with 30% often claimed as the territory where shorts can be bitten and forced to cover
all those sites and reports depend on the daily finra regsho short report-
finra knows that!!!-so if what u are saying is true it would be even more important for finra to reconcile the tape and non-tape reports so as not to cause confusion and more important not to mislead a large number of ppl and sites which rely on those daily finra reg sho reports!!!
i wish i could find it but 4kids9pets posted in detail that the bimonthly reports were meaningless bc the mm's have 3 days and at least a dozen ways to hide or minimize the true number of shorts
in those bimonthly reports
and yes i read the ceo of otcm's explanation of the process many days ago-an explanation which i choked on, given the above
sorry- present pps is .45 -not .42- was working w 2 stocks at the same time and the other stock had a present pps of .42 which made sense re zn based on what i'd last seen re zn's stats
doesnt change the rationale of anything i said
we've discussed this before ad nauseum bc of some shouting 'fire' and 'the sky is falling'
the sky is not falling- zn has 180 days to raise bid pps to 1 dollar or move to another qualifying sector of the nasdaq- assuming they meet market value requirements etc of the alternative qualification
and as a last resort they can always r/s if they want to remain on the big boards rather than the otcqx (min bid pps of .25)
btw,theres nothing wrong w the otcqx either- walmart of mexico and adidas are examples of co's that were on the otcqx- which contains many foreign blue chips- bc despite having the near equivalent reporting information it is much cheaper to list on the otcqx-doesnt require a 150k/yr listing price and only requires 25c pps
every companies wish is that they will be able to show value sufficient to bring pps to 1 dollar during these time frames rather than r/s (which is not the disaster some always portray)
if other activities raise the pps or if the 3d survey makes a good case for a reservoir,there is a good chance the min bid pps will reach one dollar for 10 days-and then restart the clock
and then before that clock runs out there is a good chance that zn could reach whatever reservoir is identified by the 3d
some always forget there is 2 sides to a story
https://www.otcmarkets.com/filing/html?id=131...qxrs0NjJyh
"I wonder if Gene Scott or Melissa Scott sold their donor list to the crew at Zion."
That is highly unlikely for many reasons, including
gene scott passed on many years ago
melissa doesnt publicly fundraise- unlike most ministries- very rarely does so
let alone sell a donor list-which isnt even logical -why sell a money train???
and while its possible that that ministry has mentioned zn and i didnt catch it - i've never heard them even mention zn
the insinuation is that such ministry is shady-so what is your proof of such or any 'shady' connection to zn?
https://www.otcmarkets.com/filing/html?id=12856777&guid=AkW8UKN3lYkWj8h
non-public fact finding inquiry
some mistakenly assume all such inquiries automatically become suits by sec or doj- such is not true
in fact zn said in one of their postings that it didnt surprise them as this was the 1st time in their 18 year history that there were subject to such an inquiry
and we know why the inquiry began-it didnt begin bc of something the sec had noticed themselves but based on one of the swamp era shorting groups complaints to the sec,which -if those allegations were true -would essentially move even a non-swamp era sec to investigate- thats what the sec does
the fact of an investigation does not mean any wrongdoing has occurred-that would make the sec judge jury and executioner
i've been in at least one stock where a thorough investigation by sec led to no charges against the company whatsoever and a judge dismissed the action against the company
the sec investigation is not even an 'action' or case yet\
and 2 of the present admins pro-business appointees are now sec commissioners,which dilutes the swamp era motivation to destroy every company 'bc all business is evil and has to be destroyed'
are you signed up on zions website etc to receive updates?
zn estimated 6-12 months for the preparation,permits equipment and actual 3d survey;
after that,having learned a lot from the present hole and with greater cumulative and more accurate 3d survey info,they should be able to drill the next hole in much shorter time than the last hole-
https://www.otcmarkets.com/filing/html?id=13085065&guid=2UW8UWlTqNMgv8h
logic suggests no warrants have been converted nor would they be converted at this pps
and nobody is forced to convert a warrant
u imply zn is in possession of the warrants and will dump them
zn is not in possession of the warrants-stockholders will be
if ppl pay 1 dollar for 1 share trading at the present 42c and receive one warrant they have effectively paid 58c for the warrant based on the hope or belief the pps will at sometime in the near future exceed 58c
u cant have it both ways - those who claim pps will only fall cannot claim that such warrants will ever be exercised
certain groups will always deny naked shorting
but naked shorting obviously exists as per the body of law and regulations re such
e.g. in something probably begun before the swamp era at the urging of congress, the sec issued, on march 1,2011, regulations designed to minimize naked shorting by mm's
in some stocks such shorting is sometimes obvious when the shares traded in an hour or a day exceed the float or even the O/S
the anti business rules by the swamp powers that be purposefully make it difficult to get relisted-and even threaten various groups unless all the hoops are complied with
obviously audited financials are a prerequisite
something we've abundantly discussed
i've forever noticed that nobody even gives a hint of laying the foundation-doing the preparation -getting materials together in a binder in an easily understandable or retrievable format so the case CAN be taken to a lawyer
collect the PR's and research whatever can be researched from those PR's
to show the difference between the promises and the reality
this would help to show which things were in jc's control and which were not
ppl cant simply go into a specialized lawyers office and ramble on and on how about so and so is an expletive deleted scammer-the legal system supposedly is based on proving fact
lawyers will know much less than us longs about the the company and like all ppl they are lazy