Replies to post #24866 on Zion Oil & Gas Inc (ZNOG)

[tisdal]

Will be difficult for SEC to file charges

Zion is a NASDAQ Big Board, SEC Compliant, fully audited company. They have been for over 10 years. If they missed something all these years, there will be a lot of egg on their face and that's assuming they have not been doing their jobs in Fort Worth.

Zion is the same company that rang the bell at the NASDAQ to start trading the day they went public.

Zion is the same company that was the subject of a 20 minute segment on 60 minutes.

Gonna be hard for the SEC to say they were unaware of Zion :-).

That is not going to be the case here. This whole SEC thing was manufactured by the complaints filed by the short position, and the fact that Zion is drilling for oil in the middle east.

It appears that Zion has found what they were looking for, so the SEC is just being sure to dot the i's and cross the t's prior to Zion's announcement. IMHO, the SEC has requested documentation that will show them that Zion is looking at research numbers that show the presence of oil/hydrocarbons. They are making sure that what Zion has stated in their filed SEC Form 8's are backed up by their drilling logs.

Once the SEC is able to verify that Zion has the drilling logs to back up their claims, the SEC will announce that they are good and happy with the documentation and support of the Zion management.

This is what I believe to be true.

[mrbojangle]

I believe that, worst case, the SEC finds some minor violations, negotiates some administrative penalty involving a fine, and moves on. I would estimate a probability of 10% that ZN receives a $50,000 or less fine.

[JRyan]

I think this risk would be low-medium to low.


Reasoning is this, if and it is an IF Zion is accused of something that they have done that is against the rules, and yes this is possible, then the Low-Meduim comes in.

I can say with 100% surety in my opinion that it was not intentional. There is too much red tape anyway. So they would make amends and it would be over with. The chances of deliberate deception is almost nil.

So in conclusion, the possibility of a technicality mistake, there could be a finding. The risk of that is low in my opinion.

[microcaps1]

https://www.sec.gov/Article/about-commissioners.html


jackson and peirce commissioned jan 11 as trumps appointees confirmed by senate -clayton probably trump appointee since began 2017-
suppose to be non partisan w no more than 3 of 5 commissioners belonging to same party but an unprecedented level of politicalization occurred from 2009 to 1-20-17,during which time the swamp era had orders to destroy business. That era is now over at the very top ,which hopefully means we will see due process,truth and justice.

If so, should be no problems bc ZN has the (combination of the) most openness and integrity and witness that i've seen.

remember the ir responses that zn is not concerned -yet at the same time zn is taking it seriously and devoting the necessary resources to such as per the july 11 filing-CEO Victor is a lawyer and former judge, which helps also

civil actions can penalize honest mistakes which is as bad as it should possibly get-but civil actions require only monetary penalties not affecting big investors which have already been thru such process themselves-so even if sec proceeds w a civil action only should be no problem

criminal actions require criminal intent and are much more rare, partly due to the increased burden of proof(90% likelihood burden of proof of intent vs 50% likelihood of civil negligence) re showing criminal intent
unless due process is egregiously violated -which i dont see now bc sec swamp era is hopefully over but also due to the prayers of the saints/zn-but there are groups relying on the sec to do their bidding as in the past
the likelihood of that is lessened by ZN's 2 stated biblical goals and by the resulting unique unity of faith exhibited here