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Wow, were you ever wrong. Lol.
Every U.S. publicly traded company combined produces approximately $850 billion in net income. The entire stock market is currently valued at approximately $29 trillion (info can be found on the quarterly z.1 produced by the Fed). Current 30 Y Treasury yield is 2.87%.
29 trillion * 2.87% magically produces the exact same amount of net income that all U.S. public companies currently produce.
It's not a coincidence :)
Basic Math has already told me.
The market is correctly priced based on the current fed rate, which is used as a discount rate for valuation purposes. Even Buffett points that out recently. What house of cards are you referring to?
Stocks are trading higher than they ever have. What's your point?
That's an entirely different matter. The SEC enforces laws. They don't control prices of stocks.
Lol. The SEC doesn't have anything to do with marketplaces.
Forensic accounting. Look it up. #1 rule: don't trust a management who's wife didn't even trust him and divorced him. That's your first hint.
I don't have a position in this stock. I'm involved in the SEC whistleblower program as a forensic accountant.
My DD is a little more involved than that :) The actual statement of incorporation from Delaware:
Here's a news article describing John Brown's failed business venture in 1985 and his alcoholic past that caused his wife to divorce him: http://www.motherjones.com/politics/2008/01/let-there-be-light-crude/
Zion Oil & Gas was formed on 1/7/2002 in Delaware. I'm not talking about Mr. Brown's previous business failure he started in 1985.
I am being clearly serious. I have no doubt if Warren Buffett himself told you it was a scam, you'd still respectfully disagree. Most intelligent people disagree with evidence to the contrary. Clearly that isn't a skill you employ.
"Thats simply your opinion, and will soon find out if your correct"
Facts aren't opinions and opinions aren't facts. It's a fact that no revenue has been produced for 10 years. That's not an opinion.
"..and a public company's share price issuance for options, and/or warrants are agreed upon by the Board of Directors (BOD), which does not make them a scam."
It does when the executives are also the BOD.
"The company is the one attempting to bring home DA bacon, the VALUE, so the BOD agreeing on .01 isn't a scam, BUT a reward for they are the ones doing the hard work, in which they are restricted in how they can liquidate anyhow, and rightly so for they posses inside information."
That's a heck of an award for "attempting" to bring home "da" (whatever kind of English that is) bacon. Stock restrictions are for one year. They've been granting themselves annual warrants since 2011. Lol.
Companies, that produce no revenue for extended periods of time, issue themselves warrants at $0.01 all the time. Happens ALL THE TIME and is perfectly acceptable for a legitimate company to do.......said no professional investor EVER!
The management of Zion has literally put up no capital whatsoever towards operations. All funding has come by way of selling stock certificates into the market place to common folks like you. Why then if you're bankrolling the entire project are they receiving not only an annual salary but virtually free stock? You're being scammed. This will all end with prison sentences.
Zion spends as much on paying executive salaries as it does to drill the well. Huge red flag.
They've been so for 10 years and will continue to be. Using Christianity to convince people to buy shares while selling out your shares then issuing yourself warrants at $0.01 per share is a sign of a scam. You'll learn the hard way.
What's the earnings power of ZN?
Every legitimate company sells their shares than issues warrants to themselves at $0.01. Lol
I'm a professional investor, not a non-professional that really doesn't know anything about valuing a business such as yourself. The company raises money by issuing stock certificates. That's it. There's no proven resources and they create their own drilling terms that no other driller in the world uses. I own two oil wells on the bakken shale. My cousin owns one of the largest drill bit manufacturing businesses in the United States. My knowledge of drilling far exceeds yours, I assure you. And, because I've managed a hedge fund for the last 25 years, my knowledge of business valuation also far exceeds yours. This is a blatant scam. You've been warned.
Because it's a scam.
Zion Oil will be a featured guest on American Greed in the near future.
No. The answer is stupidity. The SEC will delist it when they delist it. Enron had ceased being a company and people still traded shares of its stock. There's a few people out there that don't understand what a stock represents. To them, it's just a tradable piece of electronic paper. Stupidity.
Yes. Lol.
Apparently you still don't understand what consolidated financials means. Nevermind. Carry on. Lol.
I think it has more to do with leaving while he can before a congressional investigation for insider trading takes place on him.
Try the financial definition that is standardized by the SEC. Consolidated doesn't mean the assets are owned by the company reporting them. Unfortunately, you had to learn that the hard way.
Their last filing is CONSOLIDATED. Do you know what consolidated means?
Have no idea what you're saying.
It trades because there's a process a stock has to go through in order to be delisted. It's not an overnight process. I suggest researching the basics.
Why do you think they raised $24b?
So when the judge has determined SunEdison is bankrupt and has no more money, you still think a lawsuit will fix that problem? Lol. Miraculously, there'll be money? Wow.
Voting shares have nothing to do with physical ownership of a business. Learn the difference.
Yeah, that's not what happened. The yieldcos weren't wholly owned subsidiaries. They weren't even subsidiaries. They were spin-offs. Spin-offs aren't subsidiaries. They're companies wholly owned by their shareholders, which aren't SunEdison shareholders.
They will be soon enough.
Dumping assets into a spin-off is the definition of what a spin-off is. Clearly, you don't understand what a spin-off is.
I directly participated in the court case. It's a shame you've invested for 22 years and never heard of a spin-off.
TERP & GLBL were spin-offs. There's nothing fraudulent about a spin-off. They're all pre-approved by the Department of Justice and SEC before they're even allowed to spin-off. Seems you're very new to investing.
No it didn't. If they had committed fraud, there'd be a case for fraud. There isn't. The CEO simply over-leveraged the business. Borrowing too much money isn't fraud.
For what? It's not illegal for a business to fail. Happens everyday.