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And just like that ZN was trading at $1 - Forest Gump ... Why? After receiving a deficiency notice, a company has 180 calendar days to return to compliance. A company warned about its shares' minimum bid price must achieve a closing price of $1 or more for 10 consecutive trading days during this period. Report-filing offenders must file the required reports, and then must file subsequent reports by the due dates.
https://finance.zacks.com/nasdaq-delisting-rules-7450.html
Don't put too much faith in the number of reported option "sales" - the MM's like to "fluff" the numbers with extra "churn". Good action today nonetheless. The big boys have their own system of "option" straddles and collars they like to use to protect themselves on the up and down side (I think they like to play in the middle/safe margin)....the best laid plans of men lol! Blessings
Buying ZN at 70 cents and selling a June covered call for 15 cents (102 days outstanding) is making 100% in 102 days or 300% profit pro-rated for partial year. Nice!
Sellers: June $1 calls selling for 15 cents on the ask every time! 102 days out with B/E $1.15 = nice ZN support. Is an MM closing out a long option contract because they know good news is coming or just crazy machine logic taking over?
Does the new Givot Olam group have a contract on the only BIG drilling rig in Israel? You know the one, ZN's Romanian rig... the one that Givot originally used to drill their first moderately successful deep well... Anyone know if the rig is on ZN's site now and is she still under contract with ZN option to keep at their discretion?
ZN @45 cents, 70 cents, 95 cents, $1.25 or $1.85 does the valuation matter??? No. All that matters is that ZN is SOLVENT with funding, has a good plan and is moving forward. ZN has all these. Now what about that rig sitting on the Megiddo drilling pad? Still in place and ready to drill a side-well??? Hmmm. 30% gainer action today & take note of actually very little resistance. The big boys know ZN is a momo stock and why hold her back?
LoL riddle me this: 45 cents or $1.00 really what's the difference? Its all pocket change and lottery tickets cost at least a dollar right?? Real financial valuation is irrelevant to ZN's pps once they are no longer considered an immediately insolvency going concern... and they have recently proven to all that they are definitely not. ZN has a plan, has and will continue to raise funds and Israel still has great faith in ZN.
Easy breezy $1 here we come and all the playas are on board (especially the poor underwater Russel Index holder who are looking for best possible escape plan)
ZN pps to $1.00 Why? MM's have determined ZN is no longer a "going concern" as the SEC investigation is wrapping up with a positive outcome for ZN management and ZN's DSPP is sufficient to support ongoing meager operations going forward. And, lets face it, ZN is a favorite shorting cash cow for the big players. MMs and fund boys have fully covered their previous short positions and now its time to go long. Wash, rinse, repeat. The big boys know ZN has good "talking point/working seismic plan" and Israel has extended their HUGE lease - all good PRs and the faithful will respond positively. Also, ZN's crazy :) faithful supporters will continue to fund ongoing operations via the DSPP no matter the book value/income...so why should the big boys let them buy cheap right (as they think every DSPP investment made by ZN shareholders is another great shorting opportunity for them. As the world turns, ZN's shareholders continue to BELIEVE in the Word... It will all come to pass in His perfect timing, Selah friends
Anyone know if the rig is still on-site or being prepped for moving?
ZN is up pre-bid. News is out somewhere - will go up either way.
GotCha. ThanX ;)
Naked shorting. At some point, they run out of shares to sell. Period.
I'm smiling. I love the fact ZN is actively required to monitor ALL their current water wells. This way when the "change" occurs they will know immediately. The change is coming. How many wells does ZN currently have open and monitoring again??? Just by chance or perhaps providence? Cheers :)
Good news....we know the top portion of well (the free flowing porous portion) will remain open for water testing and perhaps later oil free flowing. Good to know the well is not entire closed-in. All in perfect timing and still could be commercially productive once the water is primed out to let the hydrocarbons flow. Surely the geology and unexpected high heat temps at shallow depths are telling. Hmmmm
I know a good Partner and they will come through
Who are the sellers other than institutions that can? IMO ZN faith based shareholders that didn't already sell out much earlier are likely NOT now selling under 50 cents. My point is that selling pressure is likely thin picking for any remaining short covering.
OK ok yeah i K-now too. But for ___ Shake it off and get ready! Yeah baby set up just like He likes it. This far to fail and have His name mocked and defamed? Not gonna happen folks! Know the signs and the time to favor don't focus entirely on the natural. We have already been told a certain supernatural event that must occur prior to springing forth so take courage.
-Moses
Perhaps big surprise in store? New energy possibilities from rare earth low chlorine water properties? He had a plan all along and this seems to be what he wants to show us....
Just one example of many / google new energy chlorine negative ion water:
https://www.sciencedaily.com/releases/2018/03/180314120221.htm
Keep going tothe along that track! Perhaps possible new chlorine ion water energy possibilities??? New battery/electricity energy generation possibilities are amazing and they all revolve around using rare earth mineral compounds:
https://www.google.com/search?rlz=1C1CAFB_enUS604US604&ei=Umj1W8PWBMiZzwLe_YfoBA&q=can+chloride+water+be+used+for+new+energy&oq=can+chloride+water+be+used+for+new+energy&gs_l=psy-ab.3...104532.114397..114753...1.0..0.121.1455.20j1......0....1..gws-wiz.......0i71j0i8i30j0i8i7i30j33i10j33i299.LlRURC21yAI&safe=active&ssui=on
Very telling. Buying to close their own sold option is telling in that they don't want to risk leaving it open... did they "hear" something thru the vine...
ZN options may be pricey for a reason. ZN rocket on launchpad and acting strange this morning. looking like a shakeout
Well nobody was buying yesterday so the leak must have just sprung
whats up with ZN running today???
Did you mean Jan $6 calls with all the recent activity??? Not much happening on the Jan $5s
Amazingly still 15% institutional ownership last 3Q:
http://investors.morningstar.com/ownership/shareholders-major.html?t=ZN
https://www.nasdaq.com/symbol/zn/institutional-holdings
Look at the big boys adding!
FundsInstitutions
Name Shares
Held % Total
Shares Held Shares Change % Chg from Prior Port % Total
Portfolio
Vanguard 8,477,764 8.15 27,470 0.33 0.03 09/30/2018
Vanguard Advisers Inc 4,631,478 5.57 21,550 0.47 0 09/30/2018
BlackRock Fund Advisors 2,974,222 5.01 -1,334 -0.04 0.07 09/30/2018
iShares 2,974,222 5.01 -1,334 -0.04 0.07 09/30/2018
Vanguard Investments Australia Ltd 2,592,788 4.37 9,600 0.37 0 09/30/2018
Vanguard Group Inc 2,083,887 3.51 398,865 23.67 0 09/30/2018
NA 1,847,579 2.18 4,800 0.26 0 09/30/2018
Fidelity Investments 367,005 0.62 28,769 8.51 0.01 09/30/2018
Fidelity Management & Research Company 367,005 0.62 28,769 8.51 0.01 09/30/2018
Geode Capital Management, LLC 338,236 0.57 25,977 8.32 0 09/30/2018
BlackRock Inc 328,993 0.55 -34,118 -9.40 0 09/30/2018
BlueCrest Capital Management Ltd. 313,540 0.53 313,540 New 0.05 09/30/2018
BlackRock Institutional Trust Company NA 308,592 0.52 308,592 New 0.03 09/30/2018
Millennium Management LLC 299,790 0.51 211,471 239.44 0 09/30/2018
Susquehanna International Group, LLP 254,307 0.43 173,814 215.94 0 09/30/2018
Susquehanna Financial Group, LLLP 254,307 0.43 173,814 215.94 0 09/30/2018
Goldman Sachs Group Inc 246,220 0.41 246,220 New 0 09/30/2018
GO ETF Solutions LLP 179,500 0.31 179,500 New 1.84 09/30/2018
LGIM ETF Managers Limited 179,500 0.31 179,500 New 1.84 09/30/2018
Bridgeway 157,285 0.27 25,000 18.90 0.17 09/30/2018
Level 2 shows ZN trading very thin and wide open. The wood is dry and it just takes one little spark.
PR today? Pending on deck...
I wonder if they are going to re-test the original deep target section over again... but this time with high powered Texas toast?
ZN in the middle of storm and many are unaware. Big time world events ramping up. Huge rift between US and Saudi Arabia opening up. If Saudi Arabia turns against US and uses oil as weapon perhaps in collusion with Russia well... just saying perfect timing to release ZN oil to enter into her prophetic destiny. His timing is always perfect. Saudi Arabia vows to retaliate if Trump follows through on 'severe punishment' threat over Khashoggi
https://www.foxnews.com/politics/saudi-arabia-vows-to-retaliate-if-trump-follows-through-on-severe-punishment-threat-over-khashoggi
Agree Married. Also note that ZN commencing testing and worldwide geo-political events taking place are adding up to extreme volatility. Seems a rift may be opening up between America and Saudi Arabia negating a deal that Saudi would pump more to offset Iran sanctions. Oil prices could dramatically increase in a blink of an eye. And of course we are still witnessing unprecedented seismic activity...
Porgie regarding ZN waiting and Hanukkah. I doubt Hanukkah will cause ZN further delays. Its a working holiday and not a special holiday off shabbat. Still celebrated though. btw Porgie what do you make of the scripture verses in the Bible regarding the blessings of the deep? If not ZN now in this season then when if you put abt weight on these verses? I think timing says now or never personally. As for ZN management desiring to wait as long as possible to milk and stall, I disagree based upon logic. The drilling rent rate is eating them up and they still need money to properly close & completely cap off the previous wells they have not 100% closed. Actually the well completion cost is probably what they have in reserves now being used to further test. Anyhow, I know ZN does have intentions to honor all their financial commitments. Thanks in advance for your reply.
Dustin estimated 6-9 weeks of testing set to start Oct.14:
Dear Zion Supporters and Shareholders,
I want to take this opportunity to let each of you know that the unit offering and overall participation in our Direct Stock Purchase Plan (DSPP) during the last month has been very successful. I continue to be amazed by your support.
Zion raised ~$5.3MM in the current unit offering. As a result, we plan to resume testing operations on October 14th. We are extremely happy about this, and wanted to make sure we share this with you so that you might be encouraged as well.
As I previously mentioned, we plan to test up to five additional shallower zones that have been identified by pre-drilling identification, supported by drilling results, and further supported by post-drilling analysis by third-party review of the MJ#1 open hole logs. We expect testing to take between six to nine weeks barring any unforeseen mechanical delays.
Interesting timing: ZN testing at same time Iran oil sanctions enacted in full force this November. Oil will likely spike to over $100 and the world will say they "need" Iran's supplemental oil supply.... and then little ZN will make up the deficit and much MORE!
While we have been waiting I'm confident all the new sourced materials (best of the best packers etc and Texas juiced perf charges/guns..) and other goodies have been steadily arriving in Israel to get the job done. Look for a great press release with pictures.
Hmmm notice the huge buying of over 200,000 $3 calls today at high price of over $.10 - I think a supercomputer or hedge fund boys are making a hedge/short collar play. Still it looks bullish to me.
As a new penny stock, ZN has a lot of new players snooping and flipping. Curiously, ZN is getting really really interesting once again. New players means new positions. Out with the old and welcome newcomers.
Never count ZN out. He is still on our side :)
The time to favor ZN is now!
With successful unit offering netting 5.3 million and perhaps a short squeeze in progress to help, how often are short squeezes maintained? I'm actually thinking we are are headed to $1.50-1.75 perhaps even breaking to $2.50
Kyoil while ZN has been on hold, do you think mud pressure maintained to hold back flow or could ZN have backed off the mud and let the well percolate naturally all the while monitoring from the top? I'm thinking the well has likely had ample opportunity to fill up with fluids - thinking let the water drain out so the oil can now flow?
Anyway this time lapse could otherwise be advantageous to ZN? Thanks in advance.
Kyoil or others, Do we know if the mud circulation has to be maintained constantly or would ZN perhaps have left the hole open (or left vacuum gap) to "allow" for drainage of oil shows while waiting?
FYI AMERICA is now #1 in OIL (this is part one next on to ISRAEL):
Surging output from U.S. shale formations has boosted total crude oil production to a record high of nearly 10.7 million barrels a day (MM bbl/d), according to the U.S Energy Information Administration (EIA), making the U.S. the largest oil producer in the world.
In February U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades at a moment when that country was negotiating production quotas with Russia. In June and August the U.S. surpassed Russia in crude oil production for the first time since February 1999.
https://finance.yahoo.com/m/5eec97bf-b94f-36f9-b806-738d276b4cfb/surging-u.s.-crude-oil.html