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the report below may very well be for it seems a good percentage of good low priced stocks i've been in ever since the unusual period we've experienced since 2009 has been hit by sec or other govt agencies or brokers or otc or dtcc etc,a frustrating pattern which always benefits and at least sometimes is instigated by shorters
"2. SEC request for information?
2. We were taken aback by this. However, our counsel has said given the time and what we are trying to do, it has been a miracle to have not had this request for solid information by the SEC for so long.
There have been a growing number of complaints with shorters and others that we believe created the request from Ft. Worth. We are complying and not worried. ''
the report above may very well be for it seems a good percentage of good low priced stocks i've been in ever since the unusual period we've experienced since 2009 has been hit by sec or other govt agencies or brokers or otc or dtcc etc without forewarning,a frustrating pattern which always benefits and at least sometimes is instigated by shorters
now that 2 sec commissioners are new probusiness political appointees hopefully the pro-shorter side will not rear its head so often but he had a good point zn has not been affected til now for 18 years-
thanks -sounds good-just answering so others can ingest this also if they missed it
lowest was 3.05 7-16 rsi of ca 17 but stayed 10c or more above that today - hopefully
1)fund mangers will realize this is a fact finding inquiry only at this stage and not an accusation
2)those who do not understand how this works or are easily moved by lies have gotten out
3)thus i actually thought we might have reached the lowest point yesterday,assuming this doesnt drag on before news which i estimated a long time ago would occur july 14-21 based on june 19 op update-
whether the game since then might delay that i dont know but zn also has to consider that leaks by other entities could result in false accusations against zn- something some of those other entities do not seem to have considered no matter how good their intentions
4)when ZN does announce -assuming it has a commercial well- that will blunt a lot of the negative and shorts will have to pull another trick out of their bag and they are running out of time as per many prophecies to dominate as they have for so many dark years
got into this many years ago sometime after 2009 but sold after dry wells-stopped trading for awhile but never stopped modding boards-and got back into ZN this year
excellent
i agree-and the adversary is the accuser of the brethren
we have heard nothing that zn has broken the law-all we have is a fishing expedition-
1 of no doubt thousands that sec has done over the years w thousands of companies and since thats all this is so far -no allegations by the sec the pps has suffered more than it should simply bc fear is a greater motivator than faith for the vast majority
nothing i've ever seen indicated anything re freemasonry and zn-the witness at the stockholder meeting was greater than any meeting i've seen
nothing in the following reference would indicate freemasonry -the adversary barrages w lies meant to sow doubt, conquer and divide as part of the attempt to destroy zn
John Brown of Zion Oil and Gas - Founder's Page - Zion Oil & Gas, Inc.
https://www.zionoil.com/vision/vision-stateme...ders-page/
Founder's Page - John Brown of Zion Oil and Gas. ... the calling to render assistance to the Jewish people and Nation of Israel, and to aid them in the Restoration ...
and i was quoting from/replying from tisdales post [not from july 11-but your post was initially confusing] as you did not note where the language came from nor provide the 10q page no which i had to read twice as soon as i got up later than usual to greet the world after an operation
you are quoting from a mar 31 document which does not depict info after mar 31 except for noted exceptions-and nothing after may bc it was filed may 31.
the section u quote is not noted after 3-31 exception- main body of which is before p31 or 32
I quoted from ZIONS July 11 8k
which do you think is most recent
the 10q did not account for money raised thru dssp program after 3-31 nor for warrants exercisable beginning June 29 nor options after 3-31
thus it has bothered me for a long time that income after 3-31 is not accounted for in peoples projections- except for some april rights offering
they projected in your 10q up to the huge figures quoted below but they dont have a crystal ball for how many rights and warrants and options and DSSP are going to be executed after the dates noted in the 10q
in looking at 10q again- i've quoted it many times- the ff is the only after posting info re these things
2018 Subscription Rights Offering
On April 2, 2018 the Company announced an offering (“2018 Subscription Rights Offering”) through American Stock Transfer& Trust Company, LLC (the “Subscription Agent”), at no cost to the shareholders, non-transferable Subscription Rights to purchase Rights (each “Right” and collectively, the “Rights”) of its securities to persons who owned shares of our Common Stock on April 13, 2018 (“the Record Date”). Pursuant to the 2018 Subscription Rights Offering, each holder of shares of common stock on the Record Date received non-transferable rights to subscribe for Rights, with each Right comprised of one share of our Common Stock, par value $0.01 per share (the "Common Stock") and one Common Stock Purchase Warrant to purchase an additional one share of Common Stock. Each Right may be purchased at a per Right subscription price of $5.00. Each Warrant affords the investor the opportunity to purchase one share of our Common Stock at a warrant exercise price of $3.00. The warrants will become exercisable on June 29, 2018 and will continue to be exercisable for one year thereafter.
Each shareholder received .10 (one tenth) of a subscription right (i.e. one subscription right for each 10 shares owned) for each share of the Company’s Common Stock owned on the Record Date. The 2018 Subscription Rights Offering terminates on May 31, 2018.
A total of 5,720,000 Rights have been set aside by the Company for this 2018 Subscription Rights Offering. At $5.00 for each Right, the Company could potentially raise up to $28,600,000 (exclusive of an estimated $250,000 in offering costs) if all rights were subscribed by shareholders. At a $3.00 exercise price for the warrants, an additional $17,160,000 could potentially be raised from the warrants, beginning on June 29, 2018, provided that all warrants will be exercised. No assurance can be given that these figures will be reached, or even close to it.
Many forget this
"The last 10-Q stated they had funds till the end of July; however, they had the rights offering where they raised another $3+ Million and they also have the funds from the DSPP that continues to come in. By my estimates, they are good until September, possibly October with respect to cash flow."
since they have most likely 20 business days to reply to produce materials which would take mgmt time away froma pr and are approaching that 20 days
that should then free mgmt to prepare PR
in the warfare which parallels congressional dysfunction there are 2 opposing forces-all good guys are under attack -to the new world order truth justice and honor integrity no longer exist and are targetd for destruction- I was taught this in law school
our fait_ must be tested to receive the reward -same for zn
could be massive short squeeze when commerciality is announced,
given the battle which controls physical events the fact that shorters had to resort to this trickery is an indication that good things are coming for zn -if its not commercial all these raised stakes games would not be necessary
the adversary knowing his time is short runs about in rage trying to hinder and delay and destroy peace
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."
While we acknowledge that our response to the subpoena will necessarily entail significant costs and management's attention, it should have no effect on Zion's ongoing testing procedures on its Megiddo-Jezreel #1 well. The Company does not intend to comment further on this matter unless in the Company’s judgment, it merits further comment or public disclosure.
tisdale and i both estimated july 14-21 for news
although answering the sec by providing doc's will take mgmt time it will not delay testing as per ZN july 11 8k
fishing expedition apparently not at the level of a suit yet-thus some big fishes may wait and see and wait for zn news
any release of material nonpublic info to private persons without a pr would be a violation-but any such violations are not likely coming from zn but might come from the romanian oil well workers and other sources like those who live nearby
the sec thing is a delaying factor as to reporting but not testing but they dont want to delay too long for such delay increases the chance of a leak
thanks for being a good teacher
that would true-that is what determines the pps -except for various mutant manipulations- but of course the market cap is simply the pps times the number of shares
interesting find of a part of the large christian community- never heard of this despite thousands of hours of researching-also despite hearing of a xtian oil co searching for oil in israel took me a while to find zn many years ago without knowing the name or stock symbol
excellent analysis and resource
it can be easy to forge that israeli petroleum agencies have very strict standards of accountability
I agree
and despite being a lawyer and past judge himself ceo victor would have received approval from zn's attorney and compliance officer
until proven otherwise the claim that some zn's officers are freemasons is just hearsay
I've seen no evidence of that - at the stock holders meeting they were very open to giving glory to god/Jesus
i believe they are under attack from the swamp and swamp sympathizers bc of their faith and open testimony-all good people have been under attack until the swamp is drained-so thousands of pennies have been attacked by agencies etc
this is the volcano mark taylor named as the sign in his you tube videos
it blew its top 6 days after zn's 2-13-18 PR re oil in the well
https://gizmodo.com/indonesias-mt-sinabung-volcano-erupted-today-and-the-p-1823135796
I have seen many taylor youtube videos despite my not liking videos and none of them have mentioned zion oil - i doubt he ever had such a video
the volcano that he said would be the sign is sinabung in indonesia on the island of sumatra which blew its top within 6 days of the zn 2-13-18 pr re oil in the well
-i've posted the links to this several times so dont know why some continue to refer to the hawaii volcano which has been continuously active since 1983 and thus would not be much of a present "now" sign
those who dont believe in certain present offices will always denigrate those who are walking in such offices just like those who dont believe will always denigrate believers -the word says so-if you are not friends w the -- of this world the world will hate you
the only prophecy Taylor has about oil and Israel is the following on his site sordrescue.com
12-16-16_energy_energy.pdf
Download File
'I specifically asked for confirmation that the testing of zones 2-3 were started on time and that there have not been any unforeseen events that
have caused any additional delays. '
if Dustin had given any substantive info, including what you asked, ZN would have had to PR within 24 hours, I've been told by another ceo a long time ago not connected to ZN
When a company is defendant in a legal situation its SOP for their attorneys to tell officers to not say anything
so even if they were going to do what you asked they would not tell you-even the timing of a coming PR would remain a secret in this situation
if the 5 year look back period starts w the june 21 subpoena,the latest they could zn accountable for would be events after the following pr 5 years and 1 day before june 21,2018
https://www.zionoil.com/updates/elijah-3-well-re-entry-good-news-from-zion/
but you may know better than me- i only followed this on and off until recently after losing money the 1st time around maybe 6 years ago due to warrants and options and dry holes reducing pps-and it looks like my personal adversary is determined i will lose this time also
i havent checked volume yet but this is what i expected yesterday-it will be interesting when the 13f comes out- tisdal knows the timing- to see what institutions have or are dropping zn bc of the sec
theres not enough volume usually on this stock for them to liquidate all at once and so it may take time- unless ZN PR's a good discovery to reduce risk to those institutions-the only saving grace re this is that ZN was already a spec stock as far as they were concerned and thus they might be more lax re fiduciary duty
vanquard -the highest such holder on last 13f tisdal posted - has a lot of public clients -sometimes thru their employers 401k's
imo zn is now under attack by a well known shorting cartel i've done battle w before-sec specialists
thats a respectable size-2.0 to 3.0 are common generally in the world but not 4.7- question is whether that will put tensions on other sections of any fault or whether the release there will lower chances for a while after aftershocks are done
that didnt take long-we dont even know what the basis, let alone particulars, of the investigation,are,nor what the pps effects will be, beyond todays trading.
I've been in stocks before, where, as part of a widespread attack against these small public companies, agencies and brokers etc restricted and chilled stocks without warning or due process while brokers etc, in violation of fiduciary duty, shorted the stocks to .0001
(imo due to such events there should be judgments and class actions against said agencies etc but i've never heard of any yet-still draining).
that-par 2- shouldnt happen here bc this is an exchange company on the nasdaq and there is now a probusiness admin
but utilizing a secular dynamic equivalent of one of hal lindsey's books,Mr Murphy 'is alive and well on planet earth' bc the Body is not exercising the authority granted to it and often does not even recognize the present existence of offices he created for the deliverance of the body(e.g Eph 4:11-15)and until that happens by definition the Body cannot be delivered!for 'they refused to hear or listen' never ended well.
when you know you are under the sec's radar you want to make sure all your i's are dotted and t's crossed,especially coming out of the darkest regulatory environment from 2009-2017.
So this may delay any announcement to make sure everything is right.
usually have 20 business days to respond to notice of an action or subpoena,so having done that or being sufficiently along in the process,they publish the 8k
https://backend.otcmarkets.com/otcapi/company/sec-filings/12856777/content/html
but they dont want to unnecessarily extend the well news blackout time frame either,bc the longer such a blackout period lasts the more likely something is to improperly slip out-as in social media by romanian well workers.
btw, institutions which use other peoples money are bound by fiduciary duty to protect their clients interests.
institutional ownership rose since ZN was added to the russell 2000 and 3000
institutions will often work out in advance what types of events will trigger their fiduciary duty to sell stock via committees.
I figured such SEC notice might be on some institutions list and thus pps might go sub 3 dollars -esp as pps was 2.88 june 7.
but due to lack of volume to handle institutions market orders they would have to do so in a planned manner. Dont know how fast such entities would react.
If ZN posted a positive substantive PR that would reduce risk in the eyes of such entities
so these are just 2 of the opposing variables re the release of a PR.
And you dont want to be in the SEC's face by publishing a grand PR immediately after receiving such (june 21) an SEC notice,for the agencies during the dark period often proceeded without due process or congressional and constitutional oversight.
as per a previous article i posted -counting nat gas -the usa is already the worlds largest producer of oil/nat gas combined at boe of 15.999 M BOPD
but usa consumes over 19M boe/day so still imports while also exporting
https://www.newsmax.com/newsfront/oil-united-states/2018/07/11/id/871216/?ns_mail_uid=104292828&ns_mail_job=1801940_07122018&s=al&dkt_nbr=010504vqe6pl
an incredible number of things which would be illegal and actionable in the real world occur in stocks without any effective remedy-most of the time i go into detail on this my posts ...
The confidence that Shorty had about the "SEC investigation" coming, a few months ago, makes me think this.
Agree-shorts may have bet on an investigation-either bc of the panda thing or actual foreknowledge of upcoming investigation - imo stock trading sec specialists may belong to shorting cartels who play these things -just my opinion based on things i've seen
thanks for posting this for ppls benefit
yes- the majority of actions in the real world are settled before trial
admin law judge is a little more informal and less expensive and doesnt require a lawyer in the real world -dont know about the sec admin hearings
sure is- and there are players who are sec specialists who play these sec things by shorting
material info usually is generated from inside the co -not outside-companies usually have 20 days in the real world to respond to an outside legal action- may have had to call a board meeting -
4 business days/ -that would be hard to do with the ongoing well testing-they would have to file a report every 4 business days-impractical
i doubt that victor would've gifted if he knew of an impending investigation
true- Carillos gifting was well after any sec investigation-which at this point i would assume began bc of the panda guys campaign against ZN which this board talked about sometime ago
I posted an article about insider gifting during news blackout periods sometime ago-its a grey area which legality might vary from area to area -
Carillo is a lawyer and was a judge and would've received approval from ZN's compliance officer before gifting at such a time -though i was very surprised to see a form 4 during a blackout
be glad this isnt 2009 when orders went out to destroy companies bc 'all business is evil and has to be destroyed'
last i looked 2 of the 5 sec commissioners were trump appointees and thus presumably pro business and pro due process
i realize they-sec commissioners dont usually rule on these things- but the fact there is a pro-business administration now and 2 pro business comm's should put the brakes on much of the illegalities we saw since 2009
from what i've seen during the last years is that the agencies do not give any prior warning to these companies prior to written notice of an action