Replies to post #47524 on Zion Oil & Gas Inc (ZNOG)

[alancg]

Good reasoning micro.

[microcaps1]

summary judgment means the judge has determined that no reasonable person could find the defendant guilty of the charges

it would be difficult for the sec to find any intent when judges dismissed all the lawsuits-

and without intent all you have is negligence-which is civil infraction- if all companies received the level of scrutiny ZN has since 2018 many of them might not have dotted all the i's or crossed all the t's- most such examples are not actionable absent a political intent from the prosecutor
this june will be 4 years since the announcement of the formal inquiry- i would think we would have heard something by now if sec had found something actionable


as I noted recently:

all the RESULTING lawsuits against ZN were dismissed by judges- the majority as essentially a summary judgment- which means no reasonable person could find ZN guilty of the things charged-

so its hard to see how the sec could eventually find 180 degrees different-
its not sec policy to announce the end of an investigation even when judges dismiss all charges -its almost 4 years since the formal inquiry began- if there was something serious we should have heard something by now -sec cant prove intent so only charge would be a civil infraction/fine if anything - but pps acts as if they are destroyed!!!??