I'd like to know what is driving this stock up+?
Retail walking it up in 30K lots, costing $1K+. Possibly with PSPP subscription buying helping it. Likewise the occasional 100K share activity could be the PSPP buying in big chunks.
The ZN scam pretends to be an oil company. As an exercise review what makes a real oil company's stock to move:
Does ZN drill half a dozen or more producing wells per yr? No, it drills 1 well every 2 yrs, and in the last 10 yrs all 6 of em have been dry.
Does ZN have any proved or probable bbls of oil? They have zero.
Legit oil companies don't fund themselves under SEC investigation. ZN is under a formal investigation.
Legit oil companies with real fundamentals don't receive NAS notices the PPS no longer meets listing requirements.
If one wants to invest or average down to 0.60 into this scam, then go for it. For now the PPS seems happy to drift around 0.045 <---> 0.06. Whether it stays there after getting the boot from the Russell 2000 seems doubtful. The Russell folks clean out the crud in May, and publish their latest index listing in Jun. So the Tutes closing their positions still have a couple of months to go.
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