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Options are holding strong. Strong buyer of 19k shares on the current bid at .05 for Jan 2021 calls:
Updated for today's price :)
Conservative risk reward play: Buy ZN @.17 and sell Jan 2021 calls for $.05 Make an immediate 30% profit (reducing effective purchase price from .17 to .12) And you still get to keep any potential upside up to $1.00 which would translate into an additional 800% gain should ZN rocket to over $1. Downside risk is that shares are locked down (unless you buy back and very illiquid and price goes to zero with potential loss of .12)
Extremely favorable 8:1 gain/loss conservative hedging setup
Now for a confirming hammer tomorrow with large volume would be sweet. I hope to see the pps start rocketing up to $.50-$.80 without news.... that would translate into great news leaking early. If the news is indeed fabulous, prior to release, ZN will likely have to have results peer reviewed and maybe even independently completely re-processed by a large internationally respected firm (before being allowed to release to the general public). To start let's see if we can break .20 cents tomorrow with 3 million in volume = game on.
Good news leaks fast and I hope the shorts actually feel the need to cover early and then go long prior to news release. It's good to have help from the big boys on our side.
Conservative risk reward play: Buy ZN @.15 and sell Jan 2021 calls for $.05 Make an immediate 31% profit (reducing effective purchase price from .15 to .10) And you still get to keep any potential upside up to $1.00 which would translate into an additional 900% gain should ZN rocket to over $1. Downside risk is that shares are locked down (unless you buy back and very illiquid and price goes to zero with potential loss of .10)
Extremely favorable 9:1 gain/loss conservative hedging setup
MJ#1 zone trap area and size. We are talking thousands of acres size and feet deep for the reservoir.
Note: See figure 11 before attempting to read AR-2118 & ZI-5128 seismic maps.
~~~~~Sources~~~~~
Assessment Report issued November 6, 2015
https://www.zionoil.com/updates/zion-oil-gas-announces-independent-resource-assessment-report/
8-K exhibit from Nov 6, 2015
https://www.sec.gov/Archives/edgar/data/1131312/000121390015008273/f8k110615ex99i_zionoilgas.htm
The entire exhibit list
https://www.sec.gov/Archives/edgar/data/0001131312/000121390015008273/0001213900-15-008273-index.htm
Stop and think about it. Persians in the past have DEFINITELY helped Israel and supported the return and rebuilding. Wouldn't it be a nice touch? I am sure JB has trust in him. HE has a sense of humor :)
If ZN was valued at 1.7 Trillion - like Saudi Aramco's pending IPO - ZN's pps would be in the range of $8500-$17,000 pps. Price would depend on whether current max of 200 million allowed shares are issued or we stay closer to the currently issued amount of 100 million outstanding shares per latest update. We serve a boss that likes to go big. Dare to think outside the box. What if? His name is upon this company for such a time as this!
Lol yes a high roller indeed living on a MB of a penny stock. Yet one day soon maybe unless....
Exactly. Saudi Aramco is valued at 1.7 Trillion. Why should ZN be valued any less? Seriously ZN's namesake & calling plays second to none. Seriously ponder this supposition. I'm going to mark this posts myself and revisit.
-Selah
"I just bought $100k worth" Options or stock?
Accurate prediction indeed. Also proves my point about naked shorting of ZN stock simply to "arbitrarily" target a "presumed" max ZN cap value around 15 million. Could it also be an attempt by market makers to manipulate/force ZN under 15 million in value resulting in NASDAQ having to issue ZN another non-compliance letter? Shorts love to keep the short going you know even by hook & crook. No worries, the shorts are just digging their own grave deeper and deeper. Greatest short squeeze of all time could be in the making...
Timing is everything. Do you see the signs and the plan coming together before your eyes? In the natural, ZN would never have been a consideration to invest. ZN is a special company with a special mission. Don't give JB the credit for ZN faithful financial supporters always coming through. We all believe in the ZN mission and the timing - JB is simply the man chosen to found and lead the company. JB's life is a lot like that of Moses - and if you recall they called Moses many other names too....
Anyhow, thank you for supporting ZN for whatever reason you find to invest in this company. To each their own and be blessed!
-Happy Shabbat y'all
Don't believe in JB alone (that would be foolish). Its all about the Word. JB is His selected person to bring the plan forth. I personally like JB very much and know he is a man of integrity who has devoted the last 30 years to the calling placed upon his life.
Its all about whether or not one believes the mission statement of ZN and the Words that back it up. Either its ZN time now (or very shortly in next few weeks) or we go under. His Word is either true and the calling upon JB's life or its off to the pink sheets for us in the bin lost causes. What do you believe? The ultimate gut check. Either double down with confidence at these ridiculous prices, hold or sell.
Do you see it? Today 11/15/19 ZN pps at ALL TIME historic ever low & market hits all time highest EVER recorded. EVERY person who has ever considered the compelling calling upon Zion Oil, has today had the PERFECT opportunity to buy ZN. Right before the NEWS is released. How many will be too late to party? Is His plan to make ZN affordable to the many who have confidence in the company's mission & confuse the plans of those who await her destruction?
Nothing happens by chance.
I think ZN will have news next week. Perhaps on JB's 80th birthday - which is coming up in the next few days. Perhaps today's price action seller/buyer exhaustion/complete capitulation is in anticipation of next week's anticipated news release. Have we come this far only to fail? ZN has a very special calling for a special country, time and place in His-tory!
Timing is everything. Well planned by the One who is the Best!
-selah
Sentiment: STRONG BUY
ZN has 100 million shares outstanding now so it capitalization now stands at 18 million
Great points Bruce thank you. I believe you are 100% correct. If the 50 million cap requirement still applied (first noted in the 6/30/19 financial disclosures), they would have included this as an existing requirement when Zion Oil sent the below update letter mailed out 7/12/2019. The 7/12/19 update letter is below. Read closely:
Zion letter dated 7/12/19: Dear Zion Shareholders and Supporters,
Yesterday, we filed a Form 8-K with the SEC providing notification that NASDAQ has approved the transfer of the listing of Zion’s common stock from the NASDAQ Global Market to the NASDAQ Capital Market.
As a result, we have been granted an additional 180-day grace period, or until January 6, 2020, to regain compliance with the $1.00 minimum bid price requirement. While the 8-K is submitted in language that is appropriate for an SEC filing, we wanted to be sure that you understood what this means for you. Why is this occurring?
All companies traded on the NASDAQ Stock Market need to maintain a minimum bid price of $1.00. As we disclosed in our SEC filings on January 8, 2019, we were notified by NASDAQ that our stock had closed below $1.00 for the previous 30 consecutive trading days. We were advised that we had until July 8, 2019, to regain compliance with that minimum bid price requirement.
That did not happen, so on July 3, 2019, we filed an application with NASDAQ to transfer our listing to the NASDAQ Capital Market, which NASDAQ approved on July 9, 2019. How are we still traded on NASDAQ?
The NASDAQ Capital Market operates in substantially the same manner as the NASDAQ Global Market except with less restrictive criteria, except listed companies like Zion must continue to meet certain financial and corporate governance requirements, which we acknowledge. With the approval of our transfer application, the net result is that, as of yesterday morning, July 11, our stock (symbol: “ZN”) continues to trade on NASDAQ (Capital Market) in the same manner as it has historically. We now have until January 6, 2020, to regain compliance with the $1.00 minimum bid price requirement.
What about the stock held by Zion shareholders? If you are a shareholder, your Zion stock can still be traded on NASDAQ like it was previously with no discernible difference. What can change Zion’s status of “minimum bid price non-compliance”?
If at any time over the next six (6) months, or until January 6, 2020, the minimum bid price of Zion’s stock closes at $1.00 or more for ten (10) consecutive trading days, we will be back in minimum bid price compliance with NASDAQ.
I can't find that 50 million threshold by Dec. 9 anywhere written. Can anyone on this board confirm?
Great info Micro. Interpretation of 3D seismic logs normally takes about the same amount of time as it takes to log the data (and in ZN's case their logging time was remarkably fast 4 weeks). Bottom line is that surprising many, ZN has managed to successfully garner funding (a small miracle imo) and successfully implement their seismic plan seemingly in perfect timing to meet their upcoming $1.00 minimum/10 day listing requirement by 01/06/2020. By the time news is released, over 100 million ZN shares will have been issued. Perhaps all is perking along exactly as planned by a greatest of all financial planners? Nothing happens by chance. In spite of seemingly insurmountable odds at numerous times in ZN's history, yet here ZN stands and lives on - Amichai Zion. Everything is now riding on the pending results. We could have results as early as next week.
Anyone recall at what depth MJ1 has been plugged? I know a portion of the upper zone remains open for water testing and potential later use.
Short interest does show a good bit of trending covering during the last month - keep in mind the latest date shown is as of 10/31/19. However, I don't think NASDAQ is capturing all the short interest....
https://www.nasdaq.com/market-activity/stocks/zn/short-interest
I understand your position clearly. However, hve you considered what truly good news will mean to ZN? Do you realize how incredibly heavily shorted ZN is? Most funds are out and all that's left are naked short jocks taking an incredible risk based on past performance - never count ZN out. We could open up at $5 or even $10 if the pending results look promising.
(Reuters) - Greek energy firm Energean has made a vast discovery of 28-42 billion cubic meters of natural gas at the North Karish field off Israel's northwest coast, the company said on Monday.
The discovery is located not far from the company's floating production storage and offloading (FPSO) unit, which aims for a total export capacity of 8 billion cubic meters per year.
Energean has already presold some of the gas to independent Israeli power producer I.P.M. Beer Tuvia in an agreement set to last 19 years and earn Energean $900 million.
https://www.reuters.com/article/us-israel-energean-oil-idUSKCN1RR0WY
Indeed curious TIMING of this new discovery and it comes on the heels of additional discoveries that were part of Leviathan.
No cut and paste lol
Timing, The Plan & dates to watch: 11/17 & 11/18, 12/4 & 12/5, 12/26/19-1/6/2020
Zion letter dated 7/12/19: Dear Zion Shareholders and Supporters,
Yesterday, we filed a Form 8-K with the SEC providing notification that NASDAQ has approved the transfer of the listing of Zion’s common stock from the NASDAQ Global Market to the NASDAQ Capital Market.
As a result, we have been granted an additional 180-day grace period, or until January 6, 2020, to regain compliance with the $1.00 minimum bid price requirement.
While the 8-K is submitted in language that is appropriate for an SEC filing, we wanted to be sure that you understood what this means for you.
Why is this occurring?
All companies traded on the NASDAQ Stock Market need to maintain a minimum bid price of $1.00. As we disclosed in our SEC filings on January 8, 2019, we were notified by NASDAQ that our stock had closed below $1.00 for the previous 30 consecutive trading days.
We were advised that we had until July 8, 2019, to regain compliance with that minimum bid price requirement.
That did not happen, so on July 3, 2019, we filed an application with NASDAQ to transfer our listing to the NASDAQ Capital Market, which NASDAQ approved on July 9, 2019.
How are we still traded on NASDAQ?
The NASDAQ Capital Market operates in substantially the same manner as the NASDAQ Global Market except with less restrictive criteria, except listed companies like Zion must continue to meet certain financial and corporate governance requirements, which we acknowledge.
With the approval of our transfer application, the net result is that, as of yesterday morning, July 11, our stock (symbol: “ZN”) continues to trade on NASDAQ (Capital Market) in the same manner as it has historically.
We now have until January 6, 2020, to regain compliance with the $1.00 minimum bid price requirement.
What about the stock held by Zion shareholders?
If you are a shareholder, your Zion stock can still be traded on NASDAQ like it was previously with no discernible difference.
What can change Zion’s status of “minimum bid price non-compliance”?
If at any time over the next six (6) months, or until January 6, 2020, the minimum bid price of Zion’s stock closes at $1.00 or more for ten (10) consecutive trading days, we will be back in minimum bid price compliance with NASDAQ.
NO OIL & copy & paste thank you!
Porgie as our resident option expert, could you please help explain to me how the sellers apparant single sell to open of 200 call contracts filled at so many varying prices over several minutes without the ask ever dropping below 10 cents the entire time? The seller was willing to sell at market but the ask remained at .10 cents when even several of the 1 cent buys went through! All brokerage firms require retail plebes to put buys and bids in at 5 cent interviews - if the seller sold his calls at 1 cent and the ask stayed at 10 cents the entire time my question is why wouldn't his ask price have been dropped to .05 not .10? Thanks in advance for any help :)
Don't be too upset. Although your 20,000 shares are locked down for 14 months, you still enjoy all future upside up unto $1.00 (a 400% profit from today's close of 21 cents). However along with that upside potential is the downside potential in that you can't sell your ZN shares unless you first buy to close your calls. If the stock goes to 1 cent, you can't sell your shares on the way down and you could loose all your initial ZN investment less your recent selling of calls proceeds. Still a decent risk reward scenario (some would even say smart as long as ZN stays open for the next 14 months). Risk vs reward is 400% gain potential vs 75% complete loss if bankruptcy ensues.
Personally I'm bullish and wouldn't mind just buying the $1, 1/21calls at 5 cents if want to sell more Monday morning. Have a wonderful Shabbat and weekend. Best regards my friend, Moses
THATS NOT an average price of $5.00 but $.05 cents! One (1) contract is 100 shares lol... please tell me you knew this?
I'm sitting on the bid with a buy order at $0.05 if you want to sell more Monday morning :)
Do you know you just sold 20,000 of your ZN shares at 5 cents not $5.00 (a 25% profit if you purchased ZN at 20 cents)? And now you can't sell your 20,000 ZN shares for for at least 14 months unless you first buy your covered calls back to close. Your 20,000 ZN shares are locked down for 14 months.
How did you make 100% profit selling a 10 cent call? At most if you bought ZN shares at 20 cents that's 50% profit - AND now your ZN shares are now locked down and you can't sell them without first buying back to close...
Porgie look close. Today someone lucky got those same calls for just 1 cent today -on a Jan 2021 $5 call. Now THAT is lucky :)
Get ready friends. Our time is quickly approaching.
Please don't disparage JB. He 100% supports Zion Oil and her mission.
lol ok I'll give you a big clue:
Mark Taylor Energy Energy
you are not paying attention grasshopper
Did you get that from Jonathan Cahn's Oracle book?
Coming to fruition as spoken about: DUBAI/RIYADH (Reuters) - Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
https://www.reuters.com/article/us-saudi-aramco-ipo/saudi-aramco-aims-to-begin-planned-ipo-on-nov-3-sources-idUSKBN1X80JH