Zion Oil & Gas Inc (ZNOG)

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https://thebowserreport.com/financial-news/th...quirement/


delisting is a scare tactic often brought up -the ultimate implication is that zn will not be able to trade

in practice companies i've seen that fall below min bid often get much longer than the limits stated in the exchanges rules -often amounting to a yr or more-i've given concrete examples before-e.g an oil co on the nyse below 1 dollar for 5 years -been ca 22c to 25c for most of the last months

but zn has several very well known ways to avoid delisting -e.g., a reverse split- e.g., even a 2 for 1 share r/s which raises pps above 1 dollar for 10 days resets the clock -giving zn ca 7 more months to comply

share buyback -very common- co's buy back shares especially when shares do not reflect what they consider the true value of the company- pps is far below what it ever was before- and there have been many dry holes -and zn is much more ready now than years ago -in a fundraise in this situation zn would likely have to list such as one of the purposes

also zn could trade on the otcqx- which has similar qualitative info requirements but costs far less than the nasdaqs 150k/yr listing cost and less red tape, so many foreign blue chips plus up and coming blue chips trade on the otcqx which has a min bid price of 25c-used to be 10c
otcqx began ca 2009= the 1st time i noticed it it had only 25 listees but now has over 400