Zion Oil & Gas Inc (ZNOG)

[yosalov]

Fraud Complaint Filed against Zion Oil & Gas

On May 15, 2012 I Yosalov after repeatedly warning all of the top executives at Zion Oil and Gas Inc. znhave filed a formal complaint with the U.S. Securities and Exchange Commission via their website link at: https://denebleo.sec.gov/TCRExternal/questionaire.xhtml While I did not get a confirmation email, I did take 3 screen shots of my name in their system and an OMB number issued by the site of 3235-0672
This will be an interesting case to watch since it deals with "faith based" investing and someone lying to their investors about their faith... very interesting indeed.
yousef yomtoub
may 16, 2012

John Brown continues to use “non-material facts” to sell Zion Oil stock and newly issued warrants. John Brown and Zion Oil appeal to Non-sophisticated investors who are basing their investment on Faith and that Faith is based on the non-material information that John Brown and Zion Oil are selling which is largely based on his interpretations of the Bible.

Due to this use of non-material information to sell securities by Zion Oil to people whom have never invested in stocks in their life means that they need to be protected by the omission of information material or not that would severely affect their investment choices, i.e. if Zion Oil revealed to their investors since 2008 what he revealed to me: that oil will not flow until a certain spiritual person arrived, that would have potentially millions of dollars in negative consequences to their company and this is why John Brown et al are withholding this information from the public

more information can be gathered here: Zion Oil and Gas securities fraud

When a company intentionally misrepresents or withholds information that an investor relies upon, a claim for securities fraud can be filed.

I contacted Zion Oil and gas in August 25th of 2008. I spoke to John Brown personally on the telephone. He told me:

1) He was waiting for a “super spiritual” person to enter his life in connection with Zion Oil
2) He told me that when that person comes into his life the oil will be discovered and not before.
3) I have warned John Brown and his top staff and corporate officers that he should reveal this to his investors and potential investors in his many interviews and promotional videos that he has conducted for the purposes of selling more Zion Oil stock.