Replies to post #45212 on Zion Oil & Gas Inc (ZNOG)

[tisdal]

Moses, it's not just faithful using DSPP

Nor is it just faithful that participate in the offerings. There are plenty participating to cover their short positions. Imagine if a short position is caught on a run to $2/share in one day. They can still cover at $1.00 (the median price). All they have to do is call Zion and buy those shares through the DSPP. The DSPP is being used by the short position to guarantee they do not take too big of a loss, or force a price run up through a short squeeze.

Viking showed up and now we have a probable commercial discovery. Hopefully, Viking will also start to bring Zion in line with the way to finance production through employing Capital Investors.

That does not mean that the Capital Investors are not of the faithful. There are plenty of Capital Investors that are faithful.

IMHO, if Zion has a commercial discovery, diluting the value of the Long-Term Shareholder's investment by selling 200K shares at .25 is a huge disservice to the Long-Term Shareholder.

Remember, there are still some faithful Long-Term shareholders that are holding shares that were purchased at $14/share. There are many that are holding shares in the $5/share range. There are many that are holding at $2+/share. And the options they received at those times are still out of the money.

Those faithful shareholders should be the ones Zion thinks about when they sell shares in large chunks at these levels. It's criminal, especially if they have a commercial discovery.

If Zion does that, it should be seen as a crime and a complete misuse and abuse of the Long-Term Faithful shareholder. Especially those who have been holding since the beginning of the company's activities in Israel some 6 wells ago.