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this is news? how about the sp at 1.79 and sinking....
I hear the captain yelling abandon ship....
"You lost faith and cashed out. 3 months from now you would have been very wealthy."
lets see. 3 months from 3/14 makes it 6/14
its now past 7/14 and the stock has hit 1.90 and only going down.
where's the wealth flatron ?
no rig, no oil, no wealth.....
sorry cyndi,
but video happened in 2013 and the dates were said to be the "next year", which would have been 2014.
the dates have come and gone...
nice try though..
it just so happened that the video was posted in early 2014. so to say it was for 2015 is stretching the reality of what was said and when it was actually taped.
unless the boatload of money comes, john said 40 million correct?, or an earthquake forces crude up to capped wells, nuttin' is gonna happen.....
now we know where the dates came from....the dates came and went....
what does a Biblical person say when someone prophesies an exact date to something happening
and it doesn't come to pass ?????
hmmmmmmmm??????
the last ditch effort to try and collect the money from anyone who will give it...
all they need to know is to look at the track record of what has happened.
telling the shareholders they are creating special drilling company within the company, but not actually doing it. that might raise a few eyebrows.
multiple people leaving the company and all were said to be mutual in their departures. what a load of bravo sierra. if zion was slated to be one of the companies to reveal the mother load of energy for Israel, nobody would ever leave. one by one they do leave. all without good explanation. I guess the truth if it were known would surely turn off future investors if it got out.
yes, investing is risk. how does a company that hasn't found anything yet trade for up to 10 dollars a share, and now hover around 2? HYPE.....
so sad that after losing all kinds of money, the CEO sends you a book about not having faith. it's one thing to have faith in your personal life, but that doesn't extend to a company asking for money from anyone who will give it on the premiss God is with them and will bless them abundantly....
That God will provide an experienced and reputable drilling contractor with rig. One with honesty and integrity who believes in Our Vision and mission statement for Israel. (taken from previous post)
ummmmmmmm......
let me recall something here.... we were told that zion was creating their own drill company correct?
that way they would have a rig and crew to do the drilling.
but, after what we were told, it didn't happen.
now john says he is looking for a contractor with honesty and integrity.
where was that in the zion company john brown?
what was the real reason that richard rinberg left zion?
oh and flatron, its june 26th and both your predicted days have come and gone......got another one we will see go by?
June 14th.... hmmmmmmm.....
the day after june 13th is the only real answer...
or one of the days flatron mentioned that zion was to be hitting wealth...
and the day will come and go and zion corporate will still be taking their salaries from the money the shareholders gave them to drill, only they aren't drilling anything unless they went to home depot and bought a cordless drill to drill in the dirt....
you have better odds winning lotto....
the point is zion doesn't have the money to do anything other than to throw stones in an old hole. not enough money to drill, and no more investors willing to give any more of their hard earned money away to a management who sells shares to each other for a penny, but not us. that says a lot right there.
UNLESS A QUAKE FORCES OIL INTO AN EXISTING HOLE, THIS IS OVER....
the only thing left is for management to live off what's in the savings account until they break the bad news on folding....
outside of an earthquake moving any crude up to existing (plugged) holes, zion is doing nothing to pursue it presently. that's like waiting for ed mcmahon to come to your door with a million bucks.
the more I look at the crude oil industry, I am not liking what I'm seeing. the fracking that goes on is known to cause quakes. thats just what could happen if zion was actually drilling. they could pump the water into the ground and cause a quake to get at the oil.
but it will tear apart the earth eventually if they persist in this technology. powering vehicles with natural gas is a smarter idea. although CNG/LNG is in same realm of drilling for crude, we already have a massive supply to use.
http://thinkprogress.org/climate/2014/05/02/3433793/stronger-frackquakes-on-the-way/
http://larouchepac.com/node/30590
they can yak all they want about some lease and doing some small talk kicking dirt around, but the bottom line is they have no money to drill, and those who bit on investing won't give a penny more to them...this is the end of the line... just keep paying management on what money is left and call it a (fill in the blank)
probably that the bible gave us a road map, and we have fleeced all the bible thumpers who were stupid to give us their money..
they lost 20 grand for me
zion news from spillman out...zion abandons elijah #3
there's a surprise.
http://www.oilinisrael.net/oil-in-israel-news/oil-in-israel-christian-world-news/zion-abandons-elijah-3
well folks, I have sold all I had left and to never buy anymore....
wouldn't you know that the sp would shoot up as much as it did the day I sold.
this stock has been such a joke with all the fleecing the management has taken in salaries without doing what they said.
they create a drilling company within zion and never get a rig..
make sure you buy the stock at a penny a share for management. that really helps the shareholder know who they are dealing with.....
adios everyone....
I wouldn't believe a thing on someone saying they will do anything.
All the lip service of what is wishful thinking, is getting ridiculous. they have no more money to do anything major but wire a hole that they know is dry. they are trying to put out memos saying what others are doing in hopes someone may part with their hard earned money, but those who considered investing have done so only to major losses.
the management keeps taking their pay on our dime, and we will holding an empty bag soon.
unless an earthquake can push some crude into existing well.
the only way this sunken ship is going to pay....
if anything was said or planned by the home office, it would be considered a miracle if it happened.
kim clement has never been 100 percent in his prophecies.
biblically speaking what does this make him???
False Prophet.....
earthquakes in Israel...
a few back, an intercessor was spending some time with the Lord, and kept hearing "earthquake". 5 quakes in 5 days. seems like only way for zion to get anything is if quake pushes crude toward previously drilled holes that have regulators on them.
it would be nice to get something back and not have total loss with this nightmare. dont have much left to get anything out of it...
http://flashtrafficblog.wordpress.com/2013/10/22/fifth-earthquake-in-5-days-hits-israel-bible-warns-of-catastrophic-earthquakes-in-israel-in-the-last-days/
update, and why are we doing this?
we need your money, since we dont have enough to do anything else...
I dont believe there are any more zion investors who will part with any more of their hard earned money, so they can just collect a salary and not give any updates on their plans.
now we hear what others are doing just to try and keep the shareholders content while they try to collect more money via direct share purchases.
dig into that cookie jar folks.....
down down down she goes....
I put all my stock up for sale at 2.25 thinking the SP (last I looked at it) may go up enough to get rid of it, but I see 1.68 is latest. unreal. looking at the sp for 5 year chart, looks like the presidents approval rating.
someone that is running this company needs to step aside...
when the home office gives updates on what other companies are doing to keep the shareholders happy while they do nothing, it's time for people in management to start to hang it up....
I have 500 of my last 1000 shares up for sale at 2.25 and the price keeps going down....
no wonder why rinberg left.
what savings? I save 9 dollars just by going direct?
that is getting ridiculous saying that considering I'm down 20 grand by their lack of results reflected by the SP.
this is so depressing to see people sit in their office chair getting a salary when I got the shaft.
how is this a zion newsletter when it speaks of other companies doing things while nothing happening at zion. this is a joke....
mc...
I only invested in Israel Oil. I have no interest in investing in anything else.
as for calling zion a affinity scam. I will NOT call it that. they drilled and came up dry. so its high risk and I didnt end up coming out on the plus side.
but I am NOT happy on management getting shares for a penny. that is a fleecing and not a prayer fleece either...
:(
dee.I dont pay to have subscription so I cant private reply.
I sell cause I need the money just to pay the rent. no way to flip. going down with the ship.
if I would have stayed away from investing in Israel oil, I would be debt free and ahead of the game. just because I wanted to multiply what I had to have a house that was paid for instead of having mortgage. so now I have nothing to show for it.
where's my shares for a penny ?
mc...have heard the comment long term before... but
when this stock looked like it was going to take off and many thought they would find something, I bought in when it was between 7 and 10 bucks a share... now the issue is years later they havent found anything and I have massive red ink over my investment portfolio. since I dont make alot on my job compared to the big timers, I have had to sell of shares here and there to make ends meet, and now with only 1000 shares left and the stock doing nothing, I am basically at total loss. there isnt enough years to write them off...
so long term for me has different meaning. long term heartache....
how can hype get a company to 10 bucks a share without finding commercial quantity crude oil and then make up for losses ?
the only other company that is gaining any headway inland with crude oil is givot olam.
there is a little story behind this company in where a rabbi gave a blessing upon it.
that kinda sounds familiar with all the biblical connection zion claims is on them.
but givot is a jewish run company mostly. not like some texas oil men went to find oil in another country.
but if u care to investigate them like I have, I have written several emails without getting any replies. then when u check out stock info, you will find there is an american stock here in u.s. and then there is one on the tase. but, it has been difficult to obtain good info on the american stock with the code of GOOXF. there's alot of it out there, and it has no movement. a penny stock also. but people can have the idea that they acquire a boatload of the stuff, and then if they hit the megaload that they will be rich beyond ever buying into apple or google at the lowest price they had.
their website doesnt show much in updates either. so its kinda puzzling why.
as far as what they have done or found, I have seen some info that they have found some smaller amounts of crude in their drilling and have sold it for a few million. so at least they are having revenue to move forward. something zion hasnt seen at all.
http://www.givot.co.il/english/index.php
http://www.oilinisrael.net/tag/givot-olam
http://en.wikipedia.org/wiki/Meged_oil_field
this is tase info. (remember u have to convert the currency to see it in dollars..)
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=GIVOL:IT
then there's the nyse givot.
http://www.nasdaq.com/symbol/gooxf
as u will see on the one graph it is flatlined meaning no activity. many people have tried to figure out what gooxf is all about, and nobody from givot gives answers.
so I share this with u, but the bottom line is it would be hard pressed to invest in this considering the company doesnt do a good job with communicating with any stock holders. yet they supposedly have found at least some oil inland which nobody else can claim. and it was found at a shallower depth.
back so many years ago there was another company that is very similar to zion in that they pushed finding crude with bible scriptures. ness energy. the founder died and the son took it over and it never did anything. they are in court now waiting a decision by an israel judge on allegations that another company did something wrong by diluting shares and ness is seeking judgement to get back into the game. david boyce that used to be part of the company years ago is is at the helm so to speak on getting back in the game. they always had the vision that the oil was to be by the dead sea area. the SEC has frozen any trading for ness for awhile now. a decision is supposed to be coming soon in israel, but then there is an american lawsuit pending upon ness for a past debt to a creditor that is waiting for the israel decision. not sure if ness can get into the game, but I only mention it as past players and what I know is going on....
as long as it produces enough oil, it is a given that it would be extended.
the only reason a time limit is given is if the company fails to drill and do what is expected within reason for the sake of Israel. if a company doesnt do right, they lose license, so another company can find the oil...
but with oil exploration, it is hit and miss. the percentages are not high. that is all taken in consideration
oh goodeeeeee...
a license has been extended.
http://www.nasdaq.com/press-release/zion-oil--gas-obtains-license-extension-20130709-01041
then they are still waiting for the last application for more acreage...
so zion has a whole bunch of acres, and no money to drill anything....
this should make the SP go to at least 10 bucks a share.... NOT
after looking at some things here in the states, the best thing that deals with petroleum to allow a vehicle to travel is now getting away from gasoline and closer to natural gas. one can convert a vehicle to run on propane or natural gas (cng) for way cheaper. you can actually have a unit in your own garage hooked up to natural gas and fuel as your car sits in the garage. last time I checked with local provider, they said the translation of their natural gas to the equivalent of per gallon at the gas pumps was less than 2 bucks.
since Israel is now reaping the benefits of the natural gas that was found in the med getting away from crude is the way to go...
since the people in power are playing games with economics, crude isnt going to cut it for very long...
I used to back this company firmly on what it was doing...
but now I can no longer do it. I know that investing has risk. we all know it well. but, when the company does things that benefit themselves and it hurts the shareholders is when I have to draw the line in the sand. it's like the bailouts given to the financial institutions that did things to attempt to make everything right, but 2 wrongs will never make one right.
so when a shareholder hears that management can get a share of the company's stock for a penny, I am not impressed. things get manipulated to benefit those in management, but the shareholder gets nothing. dilution of the stock and more. where was the offer that I could get the stock for a penny? where is my bailout? I am down 20 grand in this ordeal, and JB sends a book about having faith, all the while all management continues to get a hefty salary while still no commercial oil is found.
again, I know oil exploration is high risk and is expensive, but don't insult me as a shareholder by fleecing the company I gave money to and then insult me by taking lavish bonuses while I sit in losses. there's a fine line between right and wrong, and if JB wants to use the faith realm to answer how the company has been run, how do we answer to almighty God for the fleecing ?
this was a good post over at another board. it was written before rinberg left, but I think it gives a good perspective of what is going on...
Executive Compensation
Zion Oil's executive management rewards itself very, very generously, especially considering the lack of any revenues. The last proxy statement explained the farcical way the executive salaries were justified. They chose nine companies as a "comp set," a set of comparable companies, with which to arrive at a guide for compensation. The "comparability" criteria? Market Cap. In other words, as long as Zion succeeds in selling stock like the others, it deserves the same executive compensation as the others.
Well, all of the other companies in the comp set have revenues and proven reserves of hydrocarbons; Zion Oil has neither! No matter. As long as Zion Oil's share-selling machine keeps printing and selling more shares, their top executives will reward themselves with high salaries and bonuses. Talk about executives milking the cash cow of investor largesse. Brilliant.
CEO Richard Rinberg has been awarded a special allowance for... get this... maintaining a home office. On top of his salary, benefits, and bonuses (for selling stock). Rinberg gets an additional $4,500 per month to work from his home. That's enough to purchase two new computers every month. It is effectively an additional salary of $50,000 and it is disgusting. Disgusting, because of the many ordinary people, who are not wealthy, investing in Zion out of a love for Israel. Disgusting because of the theatrical way the execs describe their involvement as some religious calling. Outrageous because at some point enough investors will see how Zion Oil's executives reward themselves, not from revenues but from stockholder capitalization. In return, the stockholders receive ill-applied quotes from scripture and regularly repeated share dilutions.
The SEC filings indicate that some top executives have deferred parts of their salaries. But these deferments are "rolling." While the execs are deferring part of this year's salary, they're getting the deferment of last year's salary in full! In effect, the top execs gave Zion a one year loan, so that they could, year after year, boast of their "consideration" to the company's bottom line. At the same time, they maintain their corporate hegemony through massive stock bonuses and options (at a penny a share).
Zion Oil promotes itself as if buying its stock purchases is supporting Israel. Supporting Zion Oil through stock purchases (and repurchases, and repurchases) does not support Israel. It supports the operation of Zion Oil & Gas, Inc., and the enrichment of its executives, period. There are no indications that Zion Oil will ever contribute to Israel's energy independence. There are better Israeli energy plays. At the very least, other companies in the sector are more respectful of their investors' trust and money.
Another resignation....hmmmm sure we will hear it was mutual just like all the rest
1-Jul-2013
Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Board Member
Effective June 30, 2013, Julian Taylor resigned from the Board of Directors (the "Board") of Zion Oil & Gas, Inc. ("Zion" or the "Company") after serving since June 16, 2009. Mr. Taylor is the founder of Tangent Trading Ltd., an international non-ferrous scrap metal trading company formed in 1985 with offices in London, U.K. and Los Angeles, California. Mr. Taylor was a Class I director, who was on the Nominating & Corporate Governance Committee and was chairman of the Compensation Committee.
Appointment of Board Vacancy
(i) The Company has appointed Glen H. Perry to the Board as an independent director as defined by NASDAQ Rule 5605(a)(2), effective July 1, 2013. Mr. Perry is not being appointed to any Board committee at this time, but will be actively involved in the Technical Advisory Group.
From 1999 to 2009, Mr. Perry served as a director on the Company's Board and held various positions. Mr. Perry retired in 2009 as the Company's President and Chief Operating Officer. Mr. Perry is president of GHP Consulting, LTD, an Israeli limited liability company. Mr. Perry teaches two courses on Drilling Operations and Deepwater Operations in the Masters of Engineering program at the Technion - Israel Institute of Technology. He provides consulting services to Zion as a petroleum engineer on onshore operations as well as to Genie Oil and Gas Israel for onshore shale oil exploration and extraction. He holds a Master of Science in Petroleum Engineering from the University of Texas, Austin, Texas and a Bachelor of Science from the University of Tennessee in Knoxville, Tennessee. Mr. Perry has over 40 years of experience in oil and gas industry engineering and operations. Mr. Perry has both US and Israeli citizenship.
There are no arrangements or understandings between Mr. Perry and any other person pursuant to which he was elected to the Board, and there are no relationships between Mr. Perry and the Company that would require disclosure under Item 404(a) of Regulation S-K of the Securities Exchange Act of 1934, as amended. Information regarding compensation paid to Mr. Perry in consideration for his previous services as President of the Company was included in the Company's Definitive Proxy Statement for the Annual Meeting of Stockholders held June 16, 2009.
For his services on the Board, Mr. Perry will be compensated as a non-employee director. Mr. Perry will be a Class I director up for reelection at the 2015 annual stockholders meeting.
(ii) Effective July 1, 2013, the Board designated Mr. Justin W. Furnace to fill the vacancy on the Compensation Committee and to chair such Committee.
(iii) Effective July 1, 2013, the Board designated Mr. Gene Scammahorn to fill the vacancy on the Nominating & Corporate Governance Committee.
time to shuffle people around to fill the vacancy..
mr brown may be proud of me. out of the 1500 shares I have held in hopes to break even, I sold 500 of them today so I can keep paying the bills at 2.25 so my losses are even more than before. only 1000 left and I cant call myself a shareholder anymore......then zion will be rid of me...
how can a company that has never found commercial oil make it to ten bucks a share and then dump down to less than a dollar?
oy vey.... I think Im gonna hurl....
now we see in article that glen perry is going to turkey to look for rig and possibly crew. viking mentioned.
what ever happened to zion drilling? now we're going back to the beginning....
wheres the money to drill again if one is to get all excited about the mention of drilling?
chapter 11 in the soap opera...
who or where is it known that they bringing in the money to do anything? I agree with dee that any movement on doing something can spark at least a small amount of increase in the SP, but considering the lack of finding the crude and the issues the shareholders have at this point would suggest the only money coming in is from new holders. I don't know of any who would give another dime until they have some payback on their losses. the direct buy is the last resort to get whatever they can in their pockets. and I think they know that another rights offering will not lead to much after the past attempts and what the results have been. my opinion is they only have the money to play with existing wells. you can have all the leases in Israel, but it wont mean a hill of beans if you don't have a rig and the money to drill.....
the other issue is that givot is now drilling again (meged 6) after they have some revenue from meged 5. all I see is that zion needs at least a small producing amount to pay for ongoing drilling.
I hope that the fracking can at least get them what meged 5 has given givot. I am down bigtime in losses in this ordeal....
now we get info that zion will re-enter elijah #3 again...
many wonder where the stock price climbed to 3 bucks a share over what? some chevron talk or some bogus claim of pumping the stock? jeepers...
the thing that bothers me is that zion isnt doing anything that would increase the SP.
now we get notice of going back into elijah #3 ?????
what the heck?
they drilled in 2009, then re-entered it in 2012 saying after al of it that no hydrocarbons for commercial oil.
NOW WE ARE TOLD THIS IS GOING TO HAPPEN AGAIN ???????
they now have direct stock purchasing. that gives them any money direct and out of the hands of security trading companies. now that they dont have a rig as we were supposed to have and not enough money to drill another well, what good does it do to tell shareholders they acquired lease extensions or new territory to do something with and not have the cash to do anything other than wire a hole again for third time?????
this is becoming a soap opera.....
http://www.oilinisrael.net/tag/elijah-3
http://www.stockhouse.com/news/usreleasesdetail.aspx?n=8910191
Zion Oil & Gas to Conduct In-Well Testing Operations at Its Elijah #3 Well
DALLAS and CAESAREA, Israel, June 19, 2013 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) ("Zion" or "Company") announced today that the Board of Directors approved of in-well testing at its Elijah #3 well in the Asher-Menashe License, in which an application was submitted to Israel's Petroleum Commissioner for a third one-year extension on April 26, 2013.
During Zion's 2013 Annual Shareholders' Meeting, the Board of Directors on June 12, 2013 approved an Authority for Expenditure ("AFE") proposal to conduct in-well testing of its Elijah #3 well within the Jurassic geological section, at approximately 7,380 feet (2,250 meters), with operations likely to occur in September, 2013. Zion then plans to perforate the zone of interest, fluid stimulate the carbonate rock, and perform a drill stem test. A drill stem test is a procedure for isolating and testing the pressure, permeability and productive capacity of a geological formation within a well. The test is a key method of obtaining information on the formation fluid and establishing whether a well has found a commercial hydrocarbon reservoir.
Zion Oil & Gas, a Delaware corporation, explores for oil and gas in Israel in areas located onshore between Haifa and Tel Aviv. It currently holds three petroleum exploration licenses, the Joseph and the Asher-Menashe Licenses, between Netanya, in the south, and Haifa, in the north, covering approximately 83,000 and 79,000 acres, respectively, and the Jordan Valley License to the east of Zion's Asher-Menashe license area, covering approximately 56,000 acres. Zion also awaits approval of the Megiddo-Jezreel License of approximately 98,000 acres, in which the proposed work plan and boundaries have been preliminarily approved by Israel's Petroleum Commissioner within the Energy Ministry. If the Energy Ministry grants Zion's applied-for Megiddo-Jezreel License, Zion's total petroleum exploration rights area will be approximately 316,000 acres.
not like any vote will change anything here....
how about we vote to hear from john brown why we were told they created a special holding company to have there own rig and why we don't actually have it. and then the real reason richard rinberg left. I am tired of hearing some sugar coated comment from the head office on why the company has people departing only to say it was "mutual". I know of a few stockholders that lost a bunch in this deal and it makes me cringe when john brown comes back with there are no guarantees, or we have to have faith, so much he sends a book on it.... there is nothing a stock holder can vote on that makes any difference to what is going on. smoke and mirrors.....
NOTICE IS HEREBY GIVEN that the 2013 Annual Meeting (the “Annual Meeting”) of the stockholders of ZION OIL & GAS, INC. (the “Company”) will be held at 2:00 P.M (local time) on June 11, 2013 at the Westin Galleria Hotel in Dallas, Texas to
1. elect three directors of the Company as Class II directors of the Company to serve for a term of three years;
2. ratify the appointment of MaloneBailey, LLP, as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2013;
3. approve, in a nonbinding advisory vote, the compensation of the Company’s Named Executive Officers;
4. conduct such other business as may properly come before the Annual Meeting and any adjournment(s) thereof.
The foregoing items of business are more fully described in the Proxy Statement that accompanies this Notice. The Board of Directors has fixed the close of business on April 16, 2013 as the record date for the determination of stockholders entitled to notice of, and to vote at, the Annual Meeting or any adjournment thereof. Only stockholders of record at the close of business on the record date are entitled to notice of, and to vote at, the meeting.
Regardless of whether you plan to attend the Annual Meeting, please vote your shares as soon as possible so that your shares will be voted in accordance with your instructions. For specific voting instructions, please refer to the instructions on the proxy card or on the Notice of Internet Availability of Proxy Materials that was mailed to you. If you attend the meeting, you will have the right to revoke the proxy and vote your shares in person.
We look forward to seeing you at the Annual Meeting.
By Order of the Board of Directors
/s/ VICTOR G. CARRILLO
Victor G. Carrillo
President and Chief Operations Officer
what do we vote for?
an answer why we have no rig?
or how management can get shares for a penny?
how anybody can goto this meeting in a positive way is my question....
because God's way and thoughts are not ours, I will just say that I am limited to understanding how He can make this happen. On the surface of the normal realm, zion can get all the areas they want, but they don't have the money to drill a new well. after they supposedly started a new drilling company, we now have no rig, and the faith comments keep coming by john brown. the last time I emailed him about how things are seen, he ended up sending me a book about end time faith. since then rinsberg resigned and most of the shareholders will not invest anymore in rights offerings or whatever else they can drum up.
then to go to a shareholders meeting where the hotel bill is over 200 a night. I just went on a trip last weekend and spent 165 a night, and for that I would believe there should be at least a tub that has jets in it to relax in, but nope, just 1 bed and a toilet and free buffet breakfast. whatever happened to the 50 dollar a night "we'll leave the light on" for ya?
I would have to ask the question if I went to the meeting how management can get shares for a penny while Im down over 10 grand? hmmmmm probably need bouncers there just in case there are some unhappy campers.....
when it comes to other players, there isn't much going on in competition outside of givot olam. many zn holders may have some, but there are 2 ways to get it. there's the stock u can get in israel through that exchange, and one on american side (gooxf) that some say doesn't look right. either way, givot was working at getting things going with what they had, and its been pretty quiet to my knowledge of what they have going on.
the latest push has been the gas offshore. noble has a percentage on things, but there are press releases that say they wont finish off last find unless there are solid outlines on numerous issues. they don't want to do it and not get much out of it. all politics.
givot olam tase listing..
http://www.tase.co.il/Eng/General/Company/Pages/companyMainData.aspx?ShareID=00506022&CompanyID=000506&subDataType=0&
when going to givot's web site, the press releases are way behind. the page hasnt seen much change in quite awhile....
http://www.givot.co.il/english/index.php
I dont call zion an affinity scam. I was replying to someone who did. But, when I started in investing, I believed in what was stated to a point, but as of late, I dont care for some of management's ways of taking care of themselves at my cost. I bought in between 7-10 bucks a share at it's highest points, and then the bottom falls out so to speak. I email john brown and voice my displeasure on the upper management getting shares for a penny, and he replies about how its a big risk and there's no guarantees. oh that sat well... then he sends me a book about faith. the problem is when u r a publicly traded stock, u wont always be dealing with believers. so using the faith realm wont fly for those who are just investors. in this case, u have to satisfy those people that u r running the company the best u can. but people just keep leaving, and we're always told its a mutual agreement.
how about all the money collected in the rights offering in where a separate entity was created to own a rig? where's the rig mr brown?
we are now at the money that is left continues to pay salaries, but no drilling to be done. we're going nowhere fast....
I think calling zion is affinity is wrong. but just like many others have said, it is disturbing that the upper management keeps getting paid, and the shareholders have lost big time. my loss numbers are 5 digits so far. there isnt enough years so far to write off the losses on the taxes. we all know that drilling exploration is high risk, but the biggest thing that irks me is when upper management was getting shares at a penny apiece. that is just wrong. they dilute the shares in our company, and think its ok. look at the turmoil that has happened over the last 2 years. nothing but rights offerings and people leaving. richard rinberg was ceo for how long saying all kinds of things, and then bang, he's gone. and we are never told under what issues anyone leaves. it all makes the company look bad when the cover up anything just saying that it was a mutual agreement. when will it not be? the guy leaving is just gonna cash out and run, so they wont say anything, the company isnt gonna say anything, cause the truth of them leaving that they cant do anything with what they have, so they just figure to get out, and saying this will hurt the company. a catch 22. but now we see a list of 3 things that are announced that they may think is gonna rally the shareholders. but how many that have lost a bunch of money will be giving anything to them for more. unless I have a windfall of finances, i will not give another penny. its then trying to recover losses at that point.
there was something from a few years ago from a person who in their prayer time with the Lord, heard "earthquake" when praying about oil coming forth. I would lean myself that crude oil being found is all part of God's timing and that it will most likely take divine intervention to bring it to pass. its probably down 25000 ft or deeper, and to this point, I dont recall that anybody has drilled to that depth. so if there are several holes in the ground all setup with anti blow valves, and the Lord causes the ground to crack in the deep and it then allows the crude to get up into the drilled holes.... there be crude oil
I just stopped by to see the board...
thanks, Garret
Glenn