Zion Oil & Gas Inc (ZNOG)

[DragonBear]

OTC market is just fine

Let's just say SHs have no choice. And your covered Calls will do just fine, as the PPS performs an OTC fade. Their PR pump(?) release is a hoot.

With the transition to OTCQX, we are migrating to a more business-friendly market during these turbulent times

Never knew that getting the boot from the Nasdaq to the OTC is more business friendly. Gonna protect them from the ravages of Covid in the Black Sea?

Zion is moving to a broker-dealer market from the matching engine technology used by the Nasdaq exchange

Say goodbye to the Tutes than hung around.

The OTCQX Rules for U.S. companies are designed to create the most informed, efficient, and cost-effective market for securities

Yeah, who needs to list on a major exchange. The OTC Market Group folks have this wonderful QX tier.

Hope ZN releases drilling update tomorrow and back to 30 cents

It's always best to invest by hope.

What will happen is the Tutes will attempt to dump to get out. With resulting heavy volume like today. That will last a few sessions. Then it's up to retail to support the stock in the OTC market. Then a gradual fade down to 0.10. Traders will come and go trying to play the next PR pump by ZN. With the lower PPS, the dilution rate will increase. Then the usual spiral for a Microcrap.