Zion Oil & Gas Inc (ZNOG)

[microcaps1]

been over this before-just bc the non-production well didnt produce commercial quantities of oil doesnt mean its a scam-

zn's expenses and efforts to produce oil are well documented in their sec filings,including 8k's and PR's


we've also been over the ex ceo carillos disposition of stock ad nauseum

1st -something regularly forgotten by his accusers- is that those were gifts-mostly to charities/religious institutions

carillo as a former judge would have acquired approval of zn's compliance officer and lawyer(if they arent the same)for his stock transactions

texas case law,if not statutory law, probably allows such gifts, despite any timing issues
can u see why a gift would be an allowable exception re any timing issues

and if carillo didnt go thru zn's approval process then that would be entirely on him-and since he's no longer an officer or director would have no impact on zn