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bar1080

07/07/20 8:27 AM

#174884 RE: bar1080 #174883

Ok on Zion added to Russell in 2011. "Zion Oil was recently added to the Russell 3000, Russell 2000, Russell Microcap and Russell Global indexes upon their reconstitution on June 24."

https://www.globenewswire.com/news-release/2011/06/28/450303/225439/en/Zion-Oil-Gas-Added-to-Russell-3000-2000-Global-and-Microcap-Indexes.html
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DragonBear

07/07/20 10:35 AM

#174886 RE: bar1080 #174883

Are you saying ZN is a Russell 2000 component? I don't see that.

Nope, they got tossed out Jun 2019. Guess the Russell doesn't like to carry stocks under an open formal SEC investigation, while having the $1 listing deficiency. Quite a few of the Tutes then sneaked out the side door, leaving retail to support the stock.

What I'm saying is that it's a mystery how ZN ever got into the Russell. Where if not for the Tutes using it as a low weight stock in a fund designed to emulate the Russell, ZN would've been tossed to the OTC years ago.

Yes, it's a Microcrap religious affinity stock. Where the object isn't for the company to create accrued value for SHs, but rather to make Israel oil independent. Selecting where to lease based on scripture. SHs are on a "faith mission". And if by some divine miracle oil is found (where none has been found for 50+ years), then the story is that will signal the beginning of the Rapture, and the faithful SHs as their reward, will have their souls rescued. Really it's that bat chit crazy!

In the meantime if a mountain of doubt is encountered, just have faith, and divine intervention will move the mountain, and have it slide into the Med Sea, orr sumpthin like dat.

Net result: Pending 3D results expected in Nov, based on work completed last Oct. Unless another Covid motivated Nasdaq extension is granted they either have to R/S by 02-Sep, or get tossed to the OTC. Recently purchased oil rig stuck in Romania. Unable to make the journey to Israel for reasons unknown. Lease due to expire in Dec, but will probably get renewed. No one else is interested in the pile of rocks. Chairman/owner asked in a newsletter for SHs to pray for the company. Oh, in over a decade of existence, this oil company has no proven/probable oil reserves, and has never generated any oil revenue. Ya just gotta have "faith".