Zion Oil & Gas Inc (ZNOG)

[Imperial Whazoo]

We find this in the prospectus:

Issuance of Common Stock

We will issue the shares of our Common Stock included in the Rights which are purchased in the rights offering as soon as practicable following the expiration date of the rights offering. The shares of Common Stock will be issued to those subscribers who have timely and properly completed subscription agreements, along with payment of the subscription price, for each Right subscribed for. Each subscribing holder’s new shares of Common Stock will be issued in the same form, certificated or book-entry, as the rights exercised by that holder. Upon issuance, the shares of Common Stock included in each Right subscribed for are detachable and separately tradable.

So, as a matter of pragmatic reality, the control over out of control short artists is that they (Zion) can issue the shares on whatever schedule they define as "as soon as practicable". My guess is that they will not allow the newly issued shares to become the stock's own undoing.

Imperial Whazoo