Replies to post #45669 on Zion Oil & Gas Inc (ZNOG)

[WebSlinger]

<< Anyone understand "Notice of Effectiveness". Does that mean we have the OK for S3? >>

Yes, it means that the S3 has been approved by the SEC and the massive dilution of $400 MILLION worth of shares can begin.

[Porgie Tirebiter]

It means control of the newly created shares has been given to the transfer agency.

It also infers that the company executives have little confidence of being able to maintain their generous compensation packages through any oil revenues generated. So they're going to keep their gravy train rolling by diluting their original investors into oblivion.

[MoneyForNuthin]

This is what the smart CEOs of WallStreetBets meme stocks did when they saw retail traders rallying their stocks against shorts from Wall St bankers/funds. Once they figured out what was going on, they filed Registrations. And then when volume and price action came back on the next wave... they sold shares to scoop up their operating/growth funds at high prices for their stock.

I think more than a few smart investors/traders have figured out that PERHAPS Zion corporate management has reason to believe the stock will be seeing some serious price-volume action in the near future, and they're getting ready to put a few shares out there when the time is right.

With volume (from certain good news), it's a whole lot more beneficial for ALL shareholders (including insiders) to sell shares in the market at dollars on volume than the slow bleed of 10M shares/month via the DSPP in the sub-dollar range.

[BahamaPete]

Tisdal, the SEC has approved the S3 and I would expect they are holding the shares to issue at a much higer pps, at a later date when they discover a "Commercial Well". https://investorshub.advfn.com/boards/read_msg.aspx?message_id=84024863