Zion Oil & Gas Inc (ZNOG)

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as noted before, a tweet and a partial screenshot of a denial of a foia request dont qualify and have never qualified and cant qualify as official notice of an sec investigation.

such legal official notice didnt come til june 21 summer solstice -the law system wide provides for 20 days to respond,which zn no doubt did -plus zn filed the 8k within 20 days.

so even if a new legal precedent could be created re notice it could not be retroactively applied,and such a lower court precedent would not survive an appeal by zn if it got that far.

plaintiffs know this and thats why they ask for a jury trial hoping to fool those not educated in the law- but instructions would be provided and any verdict contrary to law could be struck down by the judge,who could enter a directed verdict on zn's behalf.

hopefully the "frivolous'' case will be dismissed via summary judgment,as in no reasonable person based on the facts and the law could decide against zn,before any trial






Specifically,
Defendants made false and/or misleading statements and/or failed to disclose that: (i) Zion was
either already or was likely to soon become the subject of an SEC investigation; and (ii) as a
result, Zion’ public statements were materially false and misleading at all relevant times.