Zion Oil & Gas Inc (ZNOG)

[DragonBear]

I don't think any of that is going to happen.

1) New fund buys? Funds do not buy penny stocks.

The ever eternal hope for Microcraps... the Whales are coming the Whales are coming. And they don't need to file SC 13Gs. Neither do Guppies.

The Tutes just spent the past few months getting out of the Microcrap ZN scam. It's up to retail to support the stock.

2) Much anticipated pending 3D seismic report? That was due out a month ago, when Zion Oil delays it's bad news

The Iranian doing the work has until 15-Nov-2020 to complete it. The last time I referenced that date, it apparently couldn't be found on page 36 of the last 10Q. LOL What was due last month was the survey plan.

3) Nasdaq extension granted? That's a joke, right, no way does the Nasdaq care about Zion Oil's plan moving forward. They care about numbers, and Zion Oil has had over a year to get things in order, and have not.

All true. One legal site said explicitly, the fastest way to get an appeal to extend rejected, is to try to base it on a past/future PR pump. The Nasdaq doesn't respond to company PR pumps like retail might.

4) New drilling rig lease? Typically it takes a couple years for Zion Oil to get around to something like that.

The Iranian has to submit the complete 3D first. Then the Brown gang would need to submit a drilling plan. Hopefully using the completed 3D, the plan wouldn't have ZN drilling through an aquifer. The Israelis might get a little twitchy about that. Add in a license to import the rig from the bowels of East Europe, and there's the couple of years.

Also on today's menu in another post:

Did anyone else notice a pattern over past 5 days that appeared manipulated in accumulation? Multiple days Ask was dominated by the Bid by 30% but PPS never budged.

Sounds like the seller was content to sell at the bid price. Of course in Microcraps, when the PPS doesn't move on presumably volume(?), then the cry goes out it's being manipulated by the MMs. The evil "M" words. Where the dark fairy tale is the assumption the MMs actually hold positions in penny stocks. Reality is more sanguine, and maybe boring. The MM gets a bid from a broker. Where the broker has no internal Asks to match it up against. Then gets an Ask from a broker who can't find a Bid internally to match. The evil MM takes the Bid-Ask, matches them up, and then collects their contracted cut of the commissions from the 2 brokers. Everyone is happy. Except retail looking on.

seems they didn't want to "arouse" any ZN buying strength

As opposed to selling strength. Not sure what they "aroused". Neither does the sanguine and boring part of the evil MMs care.

ZN 2XL great news

As in imaginary news

Upgrade & Major Insider Buy (can we get a triple or even a grand slam now????

No, because neither happened.

1. ZN upgrade 1/17/2020 Columbine Capital Services, Inc. upgrades ZION OIL AND GAS INC from 3 to 2

Linky please. Note although unsubstantiated in its claims, the "upgrade" is mighty peculiar. How is it considered an "upgrade" with the PPS going from 3 to 2. Never mind it hasn't been at 2 since before Aug 2018. At this rate they will be 5 yrs behind by the time of their next so called "upgrade" from $2 to $0.01. Assuming a linky can ever be presented.

2. BOOM! Just released 1/16/2020 Major insider 279k BUY. SEC Form 5.

Kaplop... Scammahorn (an appropriate name involved in a Microcrap scam), suddenly realized he needed to submit a Form 5. So as to cover the 279K shares he obtained exercising options with an exercise price of 0.01, throughout 2019. That's right dilution fans Scammahorn wasn't paying market price. Or buying 279K shares all at once (no Kaboom, just Kaplop). The net result is he holds 279K more shares than he did at the beginning of the year, and he paid $2.79K total for them.

This is an insider, at the ready to dump. Don't believe it? Then why the hurry to exercise the options due to expire in 2023? 2025? What's the sudden rush?

Watch for the Form 4s on the reverse slope of the hill. Don't forget each insider can legally dump 898K shares per Q.

So very sweet news ZN friends! This truly is HUGE news folks

Oh yes, dilution with an insider in a sudden rush to exercise 0.01 options is cause to cheer. One should always cheer dilution by insiders, no matter what!

aka, they are already "loaded up"

Again, MMs do not have positions in penny stocks. They are already in "riskless" mode.

the MMs took ZN down a bit on Friday because they knew this huge insider buy was sitting on deck (they have early notice w/SEC connections on most all news).

Only one problem... The SEC would have no way of knowing a priori when an insider is going to get around to filing a Form 5. And our hero Scammahorn, would be unlikely to leak insider info to evil MMs. With the SEC looking on with their open formal investigation of ZN, that would be playing with fire.