10 dollars a share. why? all HYPE !!!
look at the stock history. from day one, there has been no find of commercial quantity crude. yet a bunch of investors kept posting things just like you are along with hopeful reports from the company, which drove the price to 10 bucks a share. yet with all the hot air of finding oil, it never was.
to the person who recently posted saying there was a find by someone, I ask you to show this by written proof. if you are referring to the natural gas find at leviathan, this was not inland crude oil as both zion and ness have tried to say there was.
let me remind everyone from the last class of those believing there was oil going to be found. that zion oil told its shareholders they were buying their own rig and setting up a subsidiary company within zion inc. called zion drilling. IT NEVER HAPPENED.
and then theres the resignation of richard rinberg the long time CEO. oh we were told it was a mutual departure, but thats what companies always say so there is no backlash on the stock price in a negative way. yet we were told for how many years that drilling would continue, and to have it just happen now.
this is being done all wrong. for some christian wildcatter to go into Israel, and say they can find oil, and use the bible to lay out some map and say this is the head area and then setup a lease. all the while the company has no revenue to speak of from any past american job that found something.
so this company runs on hype alone.
kinda stupid when the management lives off of all the money that investors that are willing to go along with and tell them they are going to create zion drilling, but never do. thats called lying.
considering one in 9 attempts at drilling are successful, and that each attempt is 20 million plus dollars, it only makes sense to invest in future technologies.
just as the guy says in the movie twister..."the days of digging in the dirt are over"...
