Zion Oil & Gas Inc (ZNOG)

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am going to have quit for the night and will answer your excellent post elsewhere another day
the 6th screen or so-as whoever-was it dunn-was speaking about one of the reaons for not providing more info was FIDUCIARY DUTY - as the meeting screen says at the bottom right during that portion of the talk
normally fiduciary duty requires co's to provide info-but not a normal situation as ryan has said- bc zn was so open w info last time they got sued by several stock holders and an investigation and targeted even more bc of thier purposes.
that alone puts lawyers in control and lawyers will always say, dont say anything, in those situations
bc being forthright hurt znog so much last time now they are being reticent

e.g if zn had reported problem w the erosional nonconformist layer collapsing the well and requiring new technology heroics before that could be fixed -that would have collapsed the pps -and in this litiguous society ppl may have sued over that

so to protect pps and stockholders they dont say anything until the problem is solved- then they could have said something but all of the following factors are powerful freeze on info triggers
1!)investigation by sec
2) zn sued
3)b'd named and sued for violation of fiduciary duty- in many cases that would make ppl leave the board altogether-they got hit w a lot of ....

so lawyers are in control- (and they also brought lawyer virginia on to the board) that would frustrate brown and others as something they never expected and very personal.
)plus now browns latest word-its like walking a dozen tightropes at the same time-something they did not bargain for-very frustrating
why is the adversary causing so many obstacles-is it bc he sees the reservoir and its proximity to what they are doing makes him nervous?