Grand Master Jedi
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80% drop in price when it opens, and down from there. First ones out will be the ones getting about 20% of funds back, and then down from there. Anyone rationalizing at this stage simply doesn't want to face the music. This is a death sentence for any pink sheet company.
Acquisitions are both stock, and cash based, and usually more stock based, but saying the structure of the deal is some kind death sentence, or toxic merger, which will push this down to under a dollar is a stretch for me. It makes no sense for management to be excited about some toxic deal thats going to sink the company. It seems to me that VALUE is on the horizon...will soon see!
$PYDS
In holding 3 million shares it would be wise to inquire of when or if their any plans of a possible coming reverse. I would check through their disclosures. OTC companies do it all the time in order to correct their share structures when they get to large. If I had to guess I would say one is not imminent, but eventually will happen. As POTN continues to grow by using stock the O/S will grow as well, and when holding periods expire the float increases as well.
GLTY!
Outstanding 484M+. Float 134M+
https://www.otcmarkets.com/stock/POTN/profile
OTC companies do not buy back stock. Cash is a premium to them which is needed to operate. IMO, the only way the O/S, and float of 134,894,135 are coming down is by reversing the stock.
The next few days here will have us breaking past the $1.50 resistance and northward back towards the 52 week high!
Todays news confirms the acquisition...Sept. 1st! Very nice!
Mods should sticky informative posts for new investors attempting due diligence.
The momentum and suspense that has been building up to this stage, may all be coming down to the next press release! After that last update Im expecting some meat to be on the bones in the next update, in which others may be as well due to what was previously disclosed!
Senior Geoscience Advisor, Dr. Russell explains, "Recent drilling over the last few hundred meters suggests the possible existence of a highly fractured carbonate section in the Jurassic, which presents optimism for potential reservoir characteristics....Based on the evidence of existing fractures, we are eager to see what the next logging run will show us. There are multiple zones of interest through which we still plan to drill and evaluate as we drill towards our total depth."
Zion Oil & Gas Management Travel to Israel for Upcoming Well Operations
http://www.prnewswire.com/news-releases/zion-oil--gas-management-travel-to-israel-for-upcoming-well-operations-300507379.html
$ZN
Tic Toc!
"I truly wonder if it computer model is recommending suddenly opening up Monday morning at $10+ and then jumping around going up 3 days straight topping out at $20.."
Lets come back to reality here. Super computers gapping the stock up to $10+ and possibly $20??? Based on what value...perceived? The stock price going from $3.29 to $4, $5, and possibly back to the 52wk high of $6.90 is possible, which is based on the perceived value of the stock (whats possibly coming), and not actual value. Stating that the PPS can get to $10 or 20+ based on perceived is simply not possible. The only way Zion's PPS will hit $10+ is if hydrocarbons are announced, and a petroleum system can indeed be established. This kind of value coming into a stock/company can indeed cause the PPS to surge.
Nice, looking forward to when she breaks her 52 wk!
I sold my position 2 weeks ago after a little due diligence, and it was more than just the R/S of why the market cap, and pps increased. Anyhow, happy trading day.
Both bear traps, and bull traps happen frequently in the marketplace. I believe the August 22nd press release was indeed impeccable timing by Zion. This is obviously speculation, but on the day it came out some took to Twitter, and one even posted here doubling down on their confident positions, but as the day went on I believe the opposite began occurring, ;). I would agree with Mr. BlissBull that a bear trap occurred, and possibly a short squeeze as well because I don't believe Zion is some great stock to be shorting right now. Obviously, when a short squeeze occurs shorts are squeezed out of their positions, which usually happens at loss, but when a bear trap occurs it is a little different. This kind of trap occurs when traders takes position against a stock believing that it is reversing when it is actually not. Regardless of what anyone says about Zion, or any company for that matter, each person is responsible in doing their own due diligence when taking position in any company.
IMO, more of the bear trap occurring makes sense because two weeks prior to the last press release Mr. Brown requested prayer via Facebook regarding some kind of problems that were ensuing at the drill site, which was followed by a press release the next day stating that drilling had indeed continued. This could have easily created the atmosphere, and confidence in traders believing that Zion was indeed reversing UNTIL the last press release came out.
Also, if a short squeeze occurred as well it would have forced short sellers to cover their positions to minimize their losses, which would explain the decrease in the PPS following such a great day after news came out because usually when short sellers purchase shares needed to cover their losing positions the upward momentum, (MOMO) decreases causing the PPS to actually start going down, BUT if a stock remains bullish after shorts cover then the MOMO can return, which may be happening here now, but only time will tell as the stock continues trading. One who bets on the decline of a stock must rely on technical patterns to see if the bullish trend has reached its peak, or not, which I don't believe Zion has.
Anyhow, this is just my opinion, and hope it helps. Happy trading day!
PS: Here is article that came out today regarding Crude:
Crude higher approaching rig count this afternoon; commodities slightly lower https://www.briefing.com/investor/popuppages/articlepopup.aspx?articleId=SI20170825103441
So glad to hear that...nice move on deciding to get out!
Typically, a halted stock reopens 2 weeks from the day it is halted, BUT not back on the pinks, but on the UGLY grey market instead! Most companies, 99% of them, never return from the greys, where one must trade blindly because there are no market makers there. Its basically a death sentence given by the SEC to any company! A company's PPS usually gaps down 80% immediately after reopening, and from there she will eventually hit triple zeros or .0001. Anyone stuck here should sell as quickly as possible once she reopens, and get back whatever you can, and afterward lick your wounds, and learn from this experience...hate seeing anyone get stuck in a halted stock...crooked stinky pinky company's!
Good luck to everyone trying to get out!
Wow, I didn't think it was going to happen that quick. Hate to see anyone stuck here!
FYI: SEC suspended trading on a similar pink sheet company operating in Bitcoin field yesterday. Within a 12 month period BITCF saw a 6000 percent increase to their market cap in 2017, and a 24,000 percent increase to their PPS. What's happening here with the increase to ARSC market cap, and its PPS in such a short time may have SEC checking into it due to what just happened with BITCF.
BITCF SEC Suspension:
https://www.sec.gov/litigation/suspensions/2017/34-81474.pdf
The Commission temporarily suspended trading in the securities of BITCF because of concerns regarding the accuracy and adequacy of publicly available information about the company including, among other things, the value of BITCF’s assets and its capital structure.
IMO, its someone not doing due diligence on this stinky pinky, and trading based on the 20, and/or 50 MA in hopes that the pps will continue to climb, and definitely not a misprint.
Trade ARSC at your own risk. Many issues here in which the risk certainly does not outweigh the reward. All one must do is read the latest quarterly from this stinky pinky, https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=177749.
RISK FACTORS
No Active Market. Although the Company’s shares are listed on the Pink Sheets listing service, the Company believes that the public trading price may be an inaccurate representation of the value of the Company because there is little or no trading volume in the Company’s shares and no analysts or NASD market makers actively follow the Company.
You could be diluted from the Issuance of additional Common and Preferred Stock. American Security Resources Corp. is authorized to issue up to 3,000,000,000 shares of common stock and 2,000,000 shares of preferred stock. To the extent of such authorization, our board of directors will have the ability, without seeking shareholder approval, to issue additional shares of common stock in the future for such consideration as the board may consider sufficient. The issuance of additional common stock in the future may reduce your proportionate ownership and voting power.
Volatility of Stock Prices. In the event that there is an established public market for the Company’s Common Stock, market prices will be influenced by many factors and will be more subject to significant fluctuations in response to variations in operating results of the Company and other factors such as investor perceptions of the Company, supply and demand, interest rates, general economic conditions and those specific to the industry, developments with regard to the Company’s activities, future financial condition and management.
Applicability of Low Priced Stock Risk Disclosure Requirements. The Common Stock of the Company may be considered a low priced security under rules promulgated under the Securities Exchange Act of 1934. Under these rules, broker-dealers participating in transactions in low priced securities must first deliver a risk disclosure document which describes the risks associated with such stocks, the broker-dealer’s duties, the customer’s rights and remedies, certain market and other information, and make a suitability determination approving the customer for low priced stock transactions based on the customer’s financial situation, investment experience and objectives. Broker-dealers must also disclose these restrictions in writing to the customer, obtain specific written consent of the customer, and provide monthly account statements to the customer. With all these restrictions, the likely effect of designation as a low priced stock will be to decrease the willingness of broker-dealers to make a market for the stock, to decrease the liquidity of the stock and to increase the transaction cost of sales and purchases of such stock compared to other securities.
Correct. A halted stock opens 2 weeks
from the day it is halted onto the grey market, (no market makers/blind trading) and typically drops 80% once it opens and will fall from there until it hits triple zeros or .0001. Anyone stuck here should sell as quickly as possible once she reopens on the greys, and get back whatever you can, and afterward lick your wounds, and learn from this experience. Hate to see anyone get stuck in a halted stock...
Trade better, faster, and smarter. Good luck to everyone trying to get out!
Impatiently waiting, ;)!
MACD Golden Cross closing in! Higher indeed the pps will climb once the cross occurs!
Tisdal has been summing it up quite nicely....
Something GREAT is HAPPENING to ZION $ZN
Thanks for taking time to dig up that old press release, and that Bible verse, (Genesis 49:25) is quite intriguing, to say the least! Even though I don't trade stock according to faith, or on what God may, or may not do...to each their own. This is a free market, and anyone can trade however they like, but to say God will bless Zion because they are attempting to bless Israel doesn't confirm, or guarantee anything, and also applying OT scriptures doesn't mean they will come to pass either, for prophecy is based both on the Lords will, and His divine timing. Is it His time to open such flood gates for Israel by using Zion as one of those means? Only the Lord knows such things, but its certainly beginning to look like He just may be, and Yoda will trade her accordingly.
"blessings of the deep" Genesis 49:25. This is indeed a crazy verse for Zion Oil...will know soon enough!
Tic Toc
$ZN
Thanks Tisdal!
"Victor Carrillo (CEO), Dustin Guinn(President), and Dr. Lee Russell (Senior Geoscience Advisor and Board Director) arrived in Israel this week to be on site for upcoming operations at Zion's Megiddo-Jezreel #1 well. Senior Geoscience Advisor, Dr. Russell explains, "Recent drilling over the last few hundred meters suggests the possible existence of a highly fractured carbonate section in the Jurassic..."
The last few hundred meters suggests possible existence of highly fractured carbonate section? The seven hundred ten (710) feet that was drilled between 8/9's press release until today is the clue in today's press release. This, and the core samples are the highlights from the last two PR's.
To anyone who was here in 2009, are these revelations similar, or different from the last drill? Any feedback is appreciated. Thanks in advance
Stock is trading nicely today the only POS is your analysis.
Bullish indeed, took position here!
Amen! This party is just getting started...hgmmmm!
This is the first time Zion has revealed that their data is pointing to the fact that they may be sitting on a petroleum system...this is good news indeed!
$ZN
Zion Oil & Gas Management Travel to Israel for Upcoming Well Operations | 08/22/17 | Markets Insider
http://markets.businessinsider.com/news/stocks/Zion-Oil-Gas-Management-Travel-to-Israel-for-Upcoming-Well-Operations-1002274945
Okay, Thanks
Did news come out before or after yesterdays trading day?
Indeed!
We should expect some kind of update by the 31st, or possibly the consummation of the deal!
"Payment Data Systems, Inc. (NASDAQ:PYDS) (“Payment Data” or “Company”), an integrated electronic payment solutions provider, today announced that it has amended the terms of its non-binding letter of intent (“LOI”) to acquire Singular Payments, LLC (“Singular”) to extend its expiration until August 31, 2017. The amendment was agreed upon by both Payment Data and Singular, in order to allow more time to finalize the transaction."
Thanks Tisdal, much appreciated!
Technical summary as institutional investors, and traders continue to monitor technical levels of ZN shares, (posted some of the links below). Short term (30 days) is obviously down, but the long term, (3 month, 6 month and YTD) is still looking good, which is a good indicator of why we are on the markets radar with pending and possible good news on the horizon. In retrospect, none truly knows which way this may go until we get the next update, but we can certainly anticipate, and speculate, ;)! IMO, if whats coming is indeed good news institutional investors will increase positions, and new ones will also take position as well as traders, and with the RSI only at 36.15 we are prime for a pathway surge back to our 52 week high!
Disclaimer from Jedi Counsel:
I want to be clear here because I surely don't post like this on other tickers I trade so any information Yoda posts is not to convince anyone to increase or sell positions, but only to participate in informing Zion investors. Everyone needs to do their own due diligence when it comes to pulling the trigger because its your money your risking noone else's...until DA bell!
Taking Aim at Shares of Zion Oil & Gas, Inc. (NASDAQ:ZN) – FLBC News
https://flbcnews.com/taking-aim-at-shares-of-zion-oil-gas-inc-nasdaqzn/
Is Zion Oil & Gas Inc (NASDAQ:ZN) Going to Burn These Institutional Investors?
https://bzweekly.com/is-zion-oil-gas-inc-nasdaqzn-going-to-burn-these-institutional-investors/
Zion Oil & Gas, Inc. (NASDAQ:ZN) Needle Ticks -22.77% For the Week – Concord Register
https://www.concordregister.com/zion-oil-gas-inc-nasdaqzn-needle-ticks-22-77-for-the-week/
Keep building your bank roll, surely but slowly. Go for the base hits, and not the home runs for in the marketplace experience becomes ones closes ally...unless of course you are a congressman, and inside information doesn't apply to you! The idiom do as I say not as I do surely applies, hypocritical scum bags!
GLTY!
Sure thing, but don't thank me yet. Lets hope there are no more setbacks, and we get the news we are expecting. We will all know soon enough, which way this is gonna go.
Tic Toc!
$ZN