Replies to post #31825 on Zion Oil & Gas Inc (ZNOG)

[microcaps1]

Since Robert Dunn and Dustin/ZN have probably been talking since late last november,hopefully the 3d survey contract will be signed soon.

If such contract is not a 8.0.1 other item,it will be reported within 4 business days of signing

[DragonBear]

"it really doesnt matter now, does it!"-correct

The magnum has already gone off with this scam.

pps from articles i've read probably drops less than 5% if delisted from russell index

Of course those articles were citing Microcrap scams, under SEC formal investigation. As in oil companies with no revenue or proven/probable reserves for the last decade. Still carrying a $6.7M impairment write down, after writing down $30M recently, with no assets. In a strange way this scam having a balance sheet that reads $0.00, means the good news is SHs on that "faith mission" for Israel won't be reading about lawsuits being awarded damages. There's nothing to recover for disgruntled non-"faith mission" SHs.

Meanwhile the Dec figures showed that for the top 4 Tute SHs, 3/4 were selling with Vanguard dumping almost 1/2 of their shares.

NASDAQ tute share listing

Straight up you have 12% of the O/S that will be selling. After you get past the top 6, it's 100K shares or less. What will it take for those Tute holders to get out with a daily volume running at 300K+? Will insiders dump even with the SEC looking on? Retail traders will start to throw in the towel when it breaks down below 0.50. The most recent support level. It could easily go to 0.25. In another words instead of -5%, try -50%. Without Tute support, there is no buying support.

and in zn's case logically less than most bc index investors will have had 9 months to sell zn by the time zn could be removed from the index june 28

No, they wait until the Russell index is adjusted, before the final dump. Neither is Blackrock worried about the consequences of dumping its $1M worth of shares at current prices. We don't know their cost, without a lot of research into when they originally bought, and at what price. But regardless, even if they bought near the peak, and had to write off $5-10M, that would be bird seed to a multi $B fund. However, some church going Granny who got coned into putting her life savings into Brown's "faith mission", will have to worry about the financial pain.