Zion Oil & Gas Inc (ZNOG)

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dont take what i said re carillos gifting of shares out of context -thats really reaching!!

what i said was:

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


this has nothing to do with any other subject matter