Zion Oil & Gas Inc (ZNOG)

[Moses1492]

Actually I think the PPS today will be very underwhelming. MM's will turn off churn machines and we will get very low volume respectively. I expect 19 to be the high and float back down to 17 end of day. I think we will remain under 20 cents until we get additional updates. MM's are saying "prove its a big find cause a little oil show doesn't amount to much". We also have had massive DSPP dilution of over 30 million shares during October alone so this affects price as well (market cap around 60 million). Remember too that the Israeli tax/royalty burden on ZN's profits is immense so even if a large discovery, ZN only retain like 30% of net profit (but this is after all their drilling expenses have been covered). Example of a big find but not a lot of revenue is that NBL had the huge TAMAR/Leviathon natural gas discovery offshore and yet they sold out to Chevron I believe for peanuts $9 share. However, Israel is blessed and thats part of ZN's mission statement so no biggie.

HOWEVER, the MMs should consider the WORD and take heed. ZN has supernaturally overcome so much to even be in this position today. They need to ask themselves "is now the time to favor Zion?"