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Not necessarily. The more I think about it I believe ZN has plenty of time to meet the NASDAQ deadline anytime between now through Jan 6th. If at any time between now and Jan 6th should ZN crest over $1, I think NASDAQ would easily allow for a ZN compliance extension. Why wouldn't they?
I'm pretty sure it's business days which would start the process either today 12/19/19 or tomorrow 12/20/19 taking into account holidays and whether or not the compliance date of 1/6/20 counts too.
Best answer I've seen is the following:
Let's recap. In January of this year, ZN received a notice of deficiency and was given 180 days to regain compliance. In July,
they transferred from NASDAQ Global to NASDAQ Capital and was given a 180 day extension to regain compliance. The
closing bid price must be at least $1 for 10 consecutive business days (not calendar days) prior to January 6, 2020. If not, they
face delisting. With two market holidays coming up, the final 10 business days begins Dec 19th.
ZN will not be doing a reverse split, at least to avoid delisting. For one, a split is no guarantee the bid price will stay above $1 for
one day, much less ten. Secondly, NASDAQ requires a minimum of 15 days advance notice before such split is to become
effective. No such proposal has even been filed with the SEC.
Face the music. If ZN doesn't release some good news by Dec. 19th that will push the price up enough to regain compliance,
they're off to the OTC market next month.
Cowboy, I wish to personally thank Mr. Don Ellis for I believe his incredible financial support of Zion was singularly instrumental in bringing the 3D siesmic endeavor to fruition. ZN would not be here today without our patron saint's support. I look forward to shaking his (possibly your) hand :)
Is Donald Ellis our new ZN 6%+ stakeholder JPM securities analyst the real deal? 13G was dated 12/12/19 so this JPM stock savy securities analysts likely already made most of his money back. He is no fool "NO OIL" but a big boy playa'. Ellis likely accumulated with an avg of 20 cents, shorted his own "banked stock of 5 million shares" and covered his play at 12-15 cents. Likely now playing with ZN shorters $$$ and is well positioned with at least a 50% gain on his investment. Will he sell now or wait for ZN's pending 3D update when ZN is trading 10x higher?
https://www.linkedin.com/in/donald-ellis-036999139
Sellers now are selling before NEWS HITS and a press report could come later today, tomorrow or Monday. Once we get the recent smart day traders flushed out today & tomorrow, most ALL the easy sellers will be gone. Again, ZN is different than any other company! ALSO, what happens if big boys like the 3D data and want to get back in with several million share blocks... gonna be a chasin like rarely seen before. $1 easy!
PERFECT STORM. Imagine now this is just the first of many good report news to drop... and MMs are starting to wonder whats up big time? Could it be the real thing this time they are asking??? Consecutive good news over a short period of time with a company that is almost entirely bought up by retail FAITHFUL investors that are not going to sell is going to start a major BULL RUN. We have not seen anything yet. We were over a dollar earlier this year on MM hype pump & dump alone - so what do you think real excitement is going to do?!
PS. Sellers now are selling before NEWS HITS and could come later today, tomorrow or Monday. Once we get the past few days newcomer day traders flushed out today, most ALL the easy sellers will be gone. Again, ZN is different than any other company! ALSO, what happens if big boys like the 3D data and want to get back in with several million share blocks... gonna be a chasin like rarely seen before.
ZN just started a forest fire. Thanks for the find powerbattles. With a 50% gainer on our hands today the day traders and everyone else is going start coming back into ZN big time. Catalyst is on the doorstep and good for Donald Ellis on a very gutsy move!
I know they say you can't short a penny stock, but somehow the big boys seem to pull naked shares out of somewhere... and they are going to have to chase this bad boy up.
The more I think about it I believe ZN has plenty of time to meet the NASDAQ deadline anytime between now through Jan 6th. If at any time between now and Jan 6th should ZN crest over $1, I think NASDAQ would easily allow for a ZN compliance extension. Why wouldn't they?
Good point tomorrow would be great. Also, ZN has plenty of time to meet the NASDAQ deadline now through Jan 6th. If at any time between now and Jan 6th should ZN crest over $1, I think NASDAQ would easily allow for a ZN compliance extension.
Who else is ZN loaded for bear :) Going back up and fast. No large blocking sellers on level 2 so WIDE open for liftoff.
http://markets.cboe.com/us/equities/market_statistics/book/ZN/
lol remember you CHOSE to invest in ZN. Maybe you should look inward.
50k shares in after-hours at the ask...
Believe in miracles? I'm very excited about tomorrow Dec 19th! It would be a GREAT DAY FOR ZN NEWS to come out as it appears that Dec.19 is the start of the $1 pps NASDAQ compliance countdown...
Like coincidences? News on ZN may very well come out tonight or tomorrow right after the Dems take their official impeachment vote in the House. One earthquake deserves another right? His way of showing Pelosi up with a much GREATER story to totally take over the news of the day!
A day for Trump(s) to blasts!
Is tomorrow Dec.19 the magic NASDAQ date for ZN? Reposted from another board: Let's recap. In January of this year, ZN received a notice of deficiency and was given 180 days to regain compliance. In July,
they transferred from NASDAQ Global to NASDAQ Capital and was given a 180 day extension to regain compliance. The
closing bid price must be at least $1 for 10 consecutive business days (not calendar days) prior to January 6, 2020. If not, they
face delisting. With two market holidays coming up, the final 10 business days begins Dec 19th.
ZN will not be doing a reverse split, at least to avoid delisting. For one, a split is no guarantee the bid price will stay above $1 for
one day, much less ten. Secondly, NASDAQ requires a minimum of 15 days advance notice before such split is to become
effective. No such proposal has even been filed with the SEC.
Face the music. If ZN doesn't release some good news by Dec. 19th that will push the price up enough to regain compliance,
they're off to the OTC market next month.
Four straight down days of red candles from 17 to 12 (-30%) is pushing the odds a bit as even losing stocks take a breather. Either the big boys are selling phantom shares to accumulate or it would seem the remaining tutes invested in ZN may feel forced to sell due to the threat of going pink shortly? Tothe do you think this is the reason for the selling?
My conspiracy spidey senses say evil fund boys may have intentionally dropped ZN's pps down well below 15 million cap threshold full well knowing the tutes would be forced to sell out their positions if their regulations don't allow pink sheet ZN shares.
Getting close to go time. ZN must close 10 consecutive days over $1 with market cap over 15 million and must be met by Jan 6th. December has 31 days so the hard date is Dec 24 if they don't count Christmas & New Year holiday as the markets are closed... If they don't skip the holidays then Dec 26 is the hard date to start the countdown. BUT this entire reverse split discussion doesn't matter at all if the market cap is under 15 million (no matter if the reverse split is 10 to 1 or 20 to 1). ZN also has the simple option should the market cap be under 15 million to simply trade on pink until they qualify once again to gain NASDAQ compliance. Its no big deal if we go pink just can't issue options.
Did you sell those calls in time? Stock is better bet at these prices. I'm looking to buy mine back after ZN gets back to 18
ZN reversal finally? Bottom in this morning on the quick drop? Three days down in a row is normally the max pain and then we should expect see at least a small reversal on the fourth day (that would be today). If we close down today that would not look good. In the meantime, we have an amazing ZN buying opportunity.
Did you flip your Jan 2021 calls at break even to buy more ZN at 13? I couldn't resist when I saw the 200 share in total big block bids this morning. I had to pull the trigger twice lol (if I didn't take it out the MMs would have). Anyhow the upside here at 13 cents entry is sweet. I kinda think the original seller of the options was getting cold feet feeling like he was holding the bag on his ZN shares on the way down and didn't want to ride it out much longer...
Candle has a nice reversal tail just needs to turn black with a finish above 14
https://stockcharts.com/h-sc/ui?s=ZN&p=D&yr=0&mn=6&dy=0&i=p41790017957&a=598064897&r=1557244270481
Traders are jumping into ZN at this price big time - they know we have a large catalyst coming. Day trader alerts are going off and they are buying ZN as if she were a biotech stock with a class 3 clinical trial results about to be released.
Lots of big buys at 14 cents. We have a bit of a battle Royale going. Who's going to run out of ammo first?
Tutes left are under 4% of float so not many shares left to sell (and again even they know now is ridiculous time to sell if held this long).
This is likely new tutes scalping at a low entry price. Today's close will be most interesting.
We know this isn't retail selling.... Could this be the hammer reversal? Volume looks good but we also need a strong CLOSE to the upside! Had to jump on more in the 13teens ;)
So very true. News is coming soon and likely when we least expect it. I can just imagine Him watching & smiling as the spring gets coiled oh so very tight. Ready to be sprung at most any moment now...and likely when least expected like perhaps early or afternoon Tuesday Christmas Eve next week? Tuesday is going to be a shortened trading day with very light volume... Just in time to let it the news percolate really well over Christmas Day just in time for the 26th to start the 10 day NASDAQ compliance countdown :)
Actually that may be part of it! Seriously Dec 26, 2019...
https://www.scmp.com/lifestyle/travel-leisure/article/2180231/six-unmissable-night-sky-events-2019-kissing-planets
6. South Asia’s “ring of fire”: December 26, 2019
All I want for Christmas is … yet another eclipse! On December 26, 2019, a so-called annular solar eclipse will be visible from Saudi Arabia, Oman, southern India, northern Sri Lanka, Indonesia, and Singapore.
You will have heard of “super moons”, when the moon appears to be larger because it’s closer to the Earth, but you have probably not heard about micro moons.
When the moon is as far as it ever gets from Earth in its orbit, it appears smaller than the sun. So if an eclipse occurs, the moon is not big enough to cover the entire disk of the sun. Cue a “ring of fire”, which has to be viewed using solar safety glasses.
Agree. With market cap under 15 million it would be pointless to reverse split which is good. Pink isn't horrible should it happen. News of ZN oil will take care of ZN pps in due time and ZN can always be readmitted. I kinda think it would be funny if going to the Pink prior to news actually worked in ZN's favor as MMs' games may be more limited in their attempt to manipulate pps.
Now is the time to take the risk and invest in ZN. After news we open up 10x -20x higher.
Thank you for your post on this board Cowboy. I have a feeling the 3D analysis is taking longer than even the MMs were originally expecting...and now it seems they are taking advantage of the additional time and risking pushing the pps down even more on borrowed shares. Only tightening the spring more. Unbelievable opportunity.
Are you considering selling your Jan 2021 calls? Sure doesn't look good kinda scary. Tell you what, you put them up and I'll take them off your hands
Don't you see it? Everything is in alignment. Advance notice has been given and why? To give fortitude for such a time as this.
New to ZN? Welcome friend. You can read all about ZN's corporate calling & vision from the founder John Brown himself here:
https://www.zionoil.com/info-packet-contents/07_The_Oil_of_Israel_by_John_Brown.pdf
ZN trading getting gappy and trending up. Seller exhaustion setting in. Will the buyers emerge today???
http://markets.cboe.com/us/equities/market_statistics/book/ZN/
Ha the best is yet to come! Re-read ZN's charter and gird yourself. John Brown & ZN have been faithful in pursuing the promise for over 30 years oftentimes facing seemingly insurmountable odds. Has ZN been sustained this long only to fail now I don't think so! Know the signs. His timing is perfect and you can take that to the bank. Have any of His amazing promises ever been released without first being vetted by extreme testing? Spread your nets far and wide friends of ZN and be blessed!
Do you expect a pop prior to news or continued pps suppression until after news release? Do you think the MMs can hold pps down much longer or will their borrowed/phantom share supply exhaust itself?
Tothe $ hammer time
My trading platform doesn't allow me to see level 2 orders on options.
Does anyone here know of a free online level 2 OPTION viewing platform? Something like CBOE below but with access to also view options?
http://markets.cboe.com/us/equities/market_statistics/book/ZN/
Thanks in advance
lol thanks for the "public service announcement" from the same person who is buying ZN and holding for an expected pop. C'mon really dude
Its weird. Sometimes you put a buy in for 5 cents (at the ask) and it will get filled at 1 cent, 3 & 4 cents... No rhyme or reason. Seems to me the MMs supercomputers must be competing against each other to get the fill (and now I realize likely a naked sold call - thanks to Porgie)
I obviously need TD. Is this the first time you have tried putting in ZN option trades not in 5 cent intervals?