Zion Oil & Gas Inc (ZNOG)

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during periods of form 4's such as the last month or so presumably they have no material information not shared w stockholders-

https://www.otcmarkets.com/stock/ZNOG/disclosure

last 10Q 9M plus cash - burn rate ca 2.5M/month while actively drilling -raised 550k from July 1 to Aug 7
despite good relations w Israel-why not -their entire purpose is to bless Israel (and stockholders through Gen 12:3) by giving them oil independence -

they need to show substantial compliance TOWARDS a commercial discovery by Dec 3- UNLESS they employ force majeure-arguing substantial delays due to covid restrictions by the government etc beyond their control-and that would be a very very valid argument-something I'm sure they wish to avoid

so DESPITE numerous delays they've been going whole hog- to use a probable texas expression

they added 4.7M director officer options this year through June 30 -more than doubling options -less than 4M options at Jan1, 2021

which probably signifies a 'do or die' 'either we believe or we dont' philosophy-a united front by the directors- now if many directors were selling instead that would very possibly make a statement of non shared negative material information- but the form 4 history is showing the opposite of that

many of these directors and officers have invested decades of their life in ZNOG- the exercise of options is a normal corporate event with options commonly used as a part of a directors salary- options thus are regularly used to conserve cash to the organization/company

such a spate of form 4's indicates to me they dont have material information not shared with stock holders

information is not limited to dry secular information that can be reported on an accounting forms - after investing so much of their life they either believe they will be successful before analysis confirms such belief or they are simply gambling based on such belief or a combination of the two-
it certainly does not mean they have dry secular information - i have degrees in accounting economics and law -all examples of dry secular information but also degrees in philosophy etc which go beyond such dry secular information -which information is just as pertinent to philosophers etc as the 'dry' sciences and often confirmed later by the dry sciences

I can understand why those who invest on purely a worldly basis would withdraw- but the pps is so low that isnt really an option in my view

the next 10Q is due Nov 15 covering the period from June 30 to Sept 30

i havent done the calculations bc I've been so busy -I'd have to reread many communications to calculate where they should be now in feet drilled vs their expected feet to drill

I also have not researched their time pattern of communications in the 2-3 weeks before issuing a 10Q but they usually issue a 10Q ca 1 week before its due -
each 10Q is like giving birth so such 10Q formulation in the weeks before issuance may preoccupy them-why release material information just days before a 10q or 10k
in the sciences there is often a lack of communication from one science specialty to the next and new information discovered by individual sciences may not arise to the level of material information until it is compiled with discoveries from other science branches

the same could be said for 10Q's etc- even ppl working on one section of monstrous 10Q's etc may not have the full meaning or understanding of what they are reporting until they themselves can read the full report

such considerations inveigh against a PR just days or even weeks before release of a 10q etc