Zion Oil & Gas Inc (ZNOG)

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re the NT filing,that can be resolved like many things via commonsense,a dying methodology

10Q's are not due for 45 days after quarter ends,10K's 90 days after year ends.
By filing a NT form you can extend time to file for 10Q's by 5 days and 15 days for 10K's.

out of an abundance of caution-not certain they can resolve/determine subsequent amounts within the required 45 days -i.e. by May 15(45 days after end of qtr is May 15-not May 10)

they file the NT on May 14- but unexpectedly finish all the accounting re subsequent events the same day(accounting is almost always the hold up for companies)-and thus file the same day. Unusual -yes -but nothing wrong w it.


btw, I would say, based on my observations of thousands of penny stocks,that a majority of such stocks i've looked at have filed form NT's and many of those stocks dont file even within the prescribed intended extra time allotted

the good news is the NT wasnt even necessary and ZN filed within the original alloted time frame-
this wouldnt even be a story anywhere else