Replies to post #39419 on Zion Oil & Gas Inc (ZNOG)

[DragonBear]

CEO's crackpot religious ideas aren't working out so well for Zion

Let's just say the Nasdaq wasn't impressed by all the praying of Brown.

Next up is how Brown explains to Granny on the East Texas church circuit, why her investment has a 90% loss associated with it. Else the PSPP fund raising is in fur some rough times.

Massive stock dilution is coming.

[Bruce_Mcdonalds]

No, the CEO is not Crackpot Religious, that was the old CEO that ran the company, John Brown. The new guy running the company is Rob Dunn, hardworking oilman from Viking Services. Clearly, with the new hires at Zion Oil, and with the contracts that got awarded to Viking companies, Viking has taken over Zion Oil.

Remember what I said the new goal for Zion Oil would be under Viking Services management - in five years, they would turn it into a real oil company, AND the people behind Viking Services would take control of 40% or more of the stock. I may have been off in my five year estimate.

And so the stock is starting to be cheap enough for the Viking people to start buying up Zion Oil, and when they get most of it, Viking Services will then turn it into a real oil company. In the meantime, Zion Oil can continue contracting the services of Viking that used to be run by Dunn (Central European Drillers, Acoustic Geophysical, the drillers from CED, etc). It's a win-win for everybody, except you guys.

I think Garb is out at 90 - he was the old guy who's companies used to get the contracts, and John Brown at 80, both are out. Not officially, but at 90 and 80 years old, you can count on them leaving soon. Rob Dunn and Viking are in. And new stockholders - they are in too, probably buying up stock right along side of Viking. But you guys - at least those that ate up John Browns BS - are OUT.