Zion Oil & Gas Inc (ZNOG)

[Moses1492]

I hope so Tothe but remember ZN then has to pay for shipping the rig, transportation and setup and then they have to pay for an entire crew - all by issuing additional new dilutive ZN shares... We are talking about 100-200 million additional ZN shares to get ZN a drilling. I hope for a pop in ZN price but not likely. Another 100-200 million more shares of ZN diluting the base - "at best" ZN price stabilizes at 30 cents. Remember last time when ZN announced they were buying the rig and the price spiked to 30 cents and then the MM's immediately squeezed the price back down to 20 cents? Yeah the MM's are likely setting up another "sell the news" to doing more of the same. Remember its likely a 100% ZN dilution of new shares is on the horizon. Necessary but pps is going to take a hit.

I'm happy selling calls at a 36% profit this morning and letting them ride to expire worthless or ZN goes to $1.00 a win win!