Zion Oil & Gas Inc (ZNOG)

[DragonBear]

Down again! How do explain this?

Why the surprise? Most Microcrap oil scams can always fall back on they are selling 50 bbl/d or some ridiculous low number, and then try to get the SHs excited over the price of oil. But, ZN in its history has yet to generate even 1 bbl of oil. No proven reserves, no probable. The whole Middle East could blow up, and it wouldn't make any difference for ZN. They have nothing to sell into the market.

Doing Good or Going Bad?????

Other than class action lawsuits, an open SEC formal investigation (i.e. likely accounting issues of the past decade), and PSPP fund raising for legal expenses, it's going great! No doubt likely getting kicked out of the Russell 2000 index when the new listing comes out in June, will be a huge plus - as the Tutes sell their holdings. Trickling out the side door. By the end of Jun the stock should be at a short term 0.25 support level due to the Tutes leaving. Then there's Jul. When 6 months have passed since the NASDAQ sent notice to ZN they were below the $1 PPS listing requirement. Sure to come will be posts explaining how the NASDAQ is going to bend over backwards to give ZN another 6 months or more to come back into compliance. The logic being the NASDAQ doesn't like to kick high class Microcrap stocks like ZN, under SEC investigation, off the exchange.

So everything is just ... wonderful for this Microcrap scam. Just blame any downturn on imaginary Shorts in a conspiracy with nefarious forces (e.g. the dreaded Panda gang). Then all one has to believes is Israel is floating on a land ocean of oil. Just need that 3D, which just 3 yrs ago before the dry hole MJ1 was thought to be too expensive to perform. Yep, the Brown gang is going to nail that mythical reservoir, that no major oil company has been able to find for the last 40 yrs. Assuming the SEC doesn't litigate, after the stock gets tossed from the NASDAQ exchange. There is no Good or Bad... just the usual Microcrap stock dreams.