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SW: →Zion oil's WorldNet Insider: Ralph Devore: correct resignation link
In January of 2005 WorldNet Daily's primary link to Zion Oil hit the skids when a new report appeared on the Zion Oil website dated January 5th, 2005, announcing that WorldNet Director DeVore had resigned from Zion Oil as Director in December of 2004. [http://web.archive.org/web/20041015141936/www.zionoil.org/management.htm] However it is interesting to note that, despite the scandal, Devore did not divest his Zion Oil shares at that time, and Devore still holds considerable numbers of shares today, in 2009. [http://google.brand.edgar-online.com/PeopleFilingResults.aspx?PersonID=3801536&PersonName=RALPH%20DEVORE]
It seems the personal problems between Brown and WorldNet/Zion Director Devore began in July, 2004 over Jewish participation in the company, thus diluting its "evangelical" character; Director DeVore subsequently produced an exceedingly bizarre and disjointed letter of resignation full of Biblical quotations, exclamation marks and ponderous capitalization, sent to Brown and VP Parry; the letter is filed with the SEC as "Exhibit x": EX-17 2 ex17-1.htm LETTER OF RESIGNATION AND RELATED CORRESPONDENCE<ref>SEC Edgar Online archive, [http://www.sec.gov/Archives/edgar/data/1131312/000113131205000002/ex17-1.htm/ "Devore Letter of Resignation"], ''Exhibit 17.1(i) Resignation letter of Ralph F. DeVore.'', December 30, 2004</ref>
:"Last night (Sat., 7-24) the Lord woke me up. I could not go back to sleep. He was troubling my spirit about Zion Oil! Lately I have been intensifying my prayer time, asking the Lord Jesus why Zion has not reached its minimum offering. I have been asking Him to show me what, if anything, is standing in the way of completing at least the $6.5 million minimum offering before August 31st."
