Zion Oil & Gas Inc (ZNOG)

[WiseYoda]

This is a big assumption as theres no way to know if this is the BOD selling these shares. If investors who bought DSPP shares have gone into the red they would be motivated to sell as not every investor has the capacity to hold in a scenario like this. The assumption would be that the BOD’s are in agreement to sell as many shares as they can before the gig is up? Not buying that yet. We know it says in the agreement that Israel wouldn’t have approved the extension to the drilling license if they couldn’t prove a discovery. So the assumption would be they know they don’t have a commercial discovery and are selling as much as they can. Thats a pretty serious accusation but Im waiting for the next update before making a move. The last update was on 1/10 and believe we’ll have an update this month. It will be a pivotal update, thats for sure.