Zion Oil & Gas Inc (ZNOG)

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these are the bylaw changes approved Feb 14
ZN -now ZNOG- has been incorporated since ca 2000 AD

after all this time to make some of these changes indicates to me they were carefully preparing for either an exuberantly rowdy meeting process- which the usual characters would try to interrupt
or preparing for another MJ01 conclusion re commercial oil- just to cover the bases

pps is so low that if they had the same conclusion as the wildcat well MJ01 the bylaw changes would help forestall negative meeting activities- e.g., only those who held 20% of the stock could bring certain business at the meeting(s)

Well, nobody has 20% of the stock -only one person Donald Ellis- has filed the requisite form required for those who have 5% of the stock -and Donald was just over that amount- was that by accident or on purpose?

and might require a r/s - such a low pps discourages many serious investors just by its nature-an errant signal re the value or possible value of the company going forward- given the possible value if they discover a commercial field the pps is ridiculously low

and remember the pps is so low partly bc the dspp program severely hurts the buy sell ratio with much buying diverted to the dspp program- so the need for the dspp direct infusion of cash to the company is a powerful force of downward pressure on market pps in a vicious cycle
so far they have resisted what presumably most companies would have already done in such a situation -r/s to ease the process of fundraising and attract in general bigger investors

if they find commercial oil the pps should take care of itself-


https://www.otcmarkets.com/filing/html?id=15578438&guid=ky6wkH4MwJ7OB3h