Zion Oil & Gas Inc (ZNOG)

[Moses1492]

ZN & Nasdaq compliance dates: This hopefully clears up the compliance confusion and comes straight from ZN SEC filings over the past two years: Nasdaq usually grants two 180 day periods to regain compliance. They got notified in January 2019 they had until July 8, 2019 to comply, that would be the first extension. On July 3, 2019 they transferred stock from Nasdaq Global to Nasdaq Capital which gave them another 180 day extension which ended January 6, 2020. On January 7, they requested a hearing to remain listed. Until the hearing took place, they remained listed. March 13, they gained a third extension to June 26. Covid extensions began April 16 and end June 30, adding an additional tolled period pushed the compliance deadline to September 8. They need 10 TRADING days to be above $1, therefore the date to watch for should be August 25. In my opinion, the lack of ZN's Nasdaq compliance pps is why we are dropping today. IF, ZN announces reverse split (to stay in Nasdaq) the price will drop 25% on news and but if ZN decides to go OTC we should see a spike up to 45-50 cents (and then a quick drop back down to 30 cents after the 50% last hoorah short)