Zion Oil & Gas Inc (ZNOG)

[Prophetic Watchman]

flatron... why?

why did they bring in Devore to only have him ring the cash register after what 4 months on the board?

why do they need this guy to begin with?

his credentials seem impressive, yet anyone that came to zion, didn't leave a job to take one at zion, they had nothing going on and were lured to get on board with zion.

dustin only is at zion since he didn't have a job. not because he was the best and had major demand.

I can imagine that most who believe zion has found something will say that covering anyone in management's pay will no longer be an issue. but if they don't have anything, how will anyone get paid when the piggy bank is almost empty?


(Here's a reminder of that seeking alpha article circulating why zion doesn't have independent directors... this is the real reason for this guy being hired. to appease the issue brought up...)


Nasdaq should also be really interested in doing a review of the company's Independent Directors. We went through Nasdaq's qualifications for being considered independent. Below is our analysis and interpretation which we consider generous towards the company (we even count the former CEO and a former CFO as independent). This analysis shows that Zion does not have a majority of independent directors. An independent board is a requirement for being a Nasdaq-listed company.

But can we really blame them? It’s hard to be a member of a 14-person board especially when the company you are managing employs a grand total of 23 people (only 20 full time). And why would you bring up your concerns when you are being paid so well.