Zion Oil & Gas Inc (ZNOG)

[mrbojangle]

This board discussed the gifting of the shares and it's timing. To be brief, because gift taxes are paid by the GIFTER and not the gift recipient, and because an individual can only gift up to $15k tax free per recipient per year, it's actually better from a tax perspective to gift shares BEFORE you would expect a huge INCREASE in the share price. It would be stupid and cruel to gift shares right before an expected decrease. He knew about the SEC investigation when he gifted those shares. If he thought there was any substance to the SEC investigation or that it would have a significant impact on the price of the shares he gifted, he would have just waited.

Come on guys. Now you're making the case FOR Zion, if logic and common sense (as well as some tax planning strategies) are applied.

PS - Victor's gifts are exactly why I'm confident that the SEC investigation is a tempest in a teapot and also why I'm excited for the coming 11 days and the expected announcement of a DISCOVERY in Israel