Zion Oil & Gas Inc (ZNOG)

[WiseYoda]

Out the gate Zion was doing well in communicating with investors, but thereafter not a good job in how they decided to maintain that communication. Time lapses, drilling schedule changes, and set back problems posted on FB with the lack of clarity thereof began effecting the momentum here as it continues to do so. Another issue was the terrible timing on behalf of the company to announce another offering while the investment community is still on pins and needles awaiting total depth. The company can sell discounted shares whenever they like so deciding to do it now and try to milk from the same cow before revealing whats been discovered at 15k feet is simply bad timing. My triggers went off the other day, but planning on retaking a small position here in case they have a discovery on their hands. Grateful I am for taking an early position here before that wild ride to the 52wk, but I do pray she recovers for longs holding their positions. I hate to see anyone lose gains, or hard earned monies.

The time intervals have increased between updates so no telling when the next one comes; could happen any time from now till end of November.

PS: I cannot respond back to Zion posts