Hal Lindsey is pumping ZN right now. They just announced a $46M shelf offering and a 1 for 2 rights offering to the crowd he tells on his Christian TeeVee show that there is OIL in ISRAEL
Hal Lindsey did the movie "The Late Great Planet Earth" in the 1970s, and now he's an apocalyptic tv host and stock promoter.
Posted by: tortman
Date: Monday, April 26, 2010 1:18:22 PM
They just announced a $50 million shelf offering that depending on how it is activated could take this down a few notches. The results of the Levant Basin study by USGS have given this some support, but with the shelf offering in the way, I would be careful about buying in right now. I think today's volume has something to do with Hal Lindsey recommending it over the weekend based on the Levant Basin study. We reached into the low 5's recently and showed strong support there.
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