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Post by Ethan / JRyan on Jun 6, 2022 11:08:29 GMT -5
The reason I am putting this here to address the spread sheets. They were just a tool many years ago but seem to have some relevance today. We do not have any concrete news, just speculation based on assumptions and trying to digest the Zion released information. Yes, there are fresh pictures of the well and a stockholder visited the site this morning.
So if and I mean IF we have commercial oil, (Note: there is oil we just do not know how much), then it would be prudent to see what would happen with the share price, upon an announcement it is commercial (If there is one).
I have said from way back this is risky as far as investments go. I am close to being even after 15 years and I will state that I am not an investment guru at all. I am not providing advice but just talking of my journey with the company. Do you own due diligence as it gets more crazy soon, especially the next couple of days!
Here are three spreadsheets done in the last few days, based on $120 West Texas Intermediate crude price, assume 500 million shares outstanding, and 2 days before the Annual Share Holders meeting that will have executives in both Dallas and Israel. This does NOT mean its good news but I do not take it as a bad sign either. LINK to one of them that is updated daily!
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Post by Ethan / JRyan on Jun 6, 2022 15:33:13 GMT -5
Well it was not a bad day but we did see what could happen with this highly risky stock. For part of the day I was in the green and then shortly after a post on the Hoo, everything changed. Stop losses came in and drove it down. Think about it, on a stock that was 1-2 million shares a day, then getting close to the big meeting, the hammer drops. Weak hands sold and maybe they needed to. I held and have not lost as I did not sell.
Will this change me to get some profit out at some point? Maybe but doubtful after 15 years. I have been here before, what I need is patience. Notice the slow ramp up, the trigger and down she went. She held good considering but the traders know more about how far she can be hit than I would. Too much is at stake with the meeting in 2 days. Maybe nothing of substance comes out of it, who knows.
What I do know is that someone went there today and was allowed to take pictures. That shows me that Zion is not hiding anything. It not like the BS with the Financial Times did what they did. Heck if I was over there I would want to stop by. ZNOG actually fought back 2 cents or so toward the end.
The pictures were nice. However, Zion either needs to contain the hype or address some of the shareholder concerns. We were told frequent updates, and crickets.
11 millions shares, $4 million dollars, 4 million shares in 15-30 minutes. That reeks. However I guess it can go the other way as well but I have no clue.
Carry on ZNOG and I sure hope the meeting is worth it.
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