Zion Oil & Gas Inc (ZNOG)

[tisdal]

KyOil, here's the real issue...

No money, no license. If zion cannot demonstrate the ability to raise capital, the Israel is done with Zion.

Mr. Brown's letter reeks of desperation. Sounded like a temper tantrum.

Zion Oil and Gas has lost the confidence of their investors because

1.) They kept spending our investment poorly rather then cut out fat. They don't need 12+ board members (Was Starr in the ASM or has he left?)
2.) They stubbornly refuse to give actual P90, P50 values with respect to drilling prospects.
3.) They state that they were lied about but none of that matters. Results do.
4.) They say they are good Stewards of our investment as they drive free cars, use free phones, pull down 300k salaries. All paid by us.
Only a few of them actually earn that level of pay.

Zion is not a scam, nor does it lack faith. Or do we as investors lack faith.

Zion is simply poorly run and has not produced results necessary to justify more investment.