Zion Oil & Gas Inc (ZNOG)

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STRAIGHT UP

still testing as i deduced

re legal,i agree the shareholder suits re these claims are frivolous and without merit-
such suit is trying to create a new right AND change the rules of notice re an investigation. The Court cant do either and even if it could it would not be retroactive to znbc it was not law at the time of the events that transpired

ion’s Administrative Update:

As we previously disclosed, the Securities and Exchange Commission (“SEC”) first informed Zion of a non-public, fact-finding inquiry by subpoena for production of documents received on June 21, 2018, before which Zion had no formal or informal communication with the SEC regarding this matter.

The SEC has asserted no accusation of wrongdoing nor have they expressed any negative opinion of any person within Zion. Zion continues to fully cooperate with and work with the SEC in the provision of requested information.

Following Zion’s disclosure of the SEC investigation, Zion became aware of a number of law firms who allege they are investigating Zion’s compliance with federal securities laws and are soliciting clients. To our knowledge, only one lawsuit has been actually filed in federal district court, but to date, Zion has not been served with formal notice of litigation. We believe these claims are frivolous and without merit, and we will wage a vigorous defense.