Viking Energy Group Inc (VKIN)

[Potse]

VKIN...reply to PM about previous post.....

Personally, I am getting more than a little annoyed/irritated by the way management of VKIN has chosen to handle a number of things regarding its business operations and disclosures of important information. From a retail investor perspective it is extremely frustrating, and it is extremely puzzling to me why management can't seem to get the message and "get its act together".

To the person who asked me via private message to expand on my previous post.....

I don't know whether it is some sort of attitude/motivational problem or just partial/complete incompetence on the part of Simeo/management, but clearly the lack of urgency to keep investors reasonably informed is a major stumbling block for this stock, IMO. It wouldn't be so detrimental if this was just some occassional lapse in public company resonsiblities, but unfortunately there seems to be a disturbing pattern/trend forming.

It is somewhat difficult to remain optimistic or excited about owning/accumulating a stock when the management continues to put up a stonewall whenever a shareholder submits perfectly legitimate, common-sense types of requests for information about the status of the company. If things don't start dramatically changing pretty soon, then it may be in the best interest of all parties involved for Simeo/management to step aside and bring in some people who are able/willing to do the job correctly.

Since one aspect of VKIN's business operations is to make investments in some companies, I have been asking Simeo since early 2012 to provide shareholders information on where the company is getting the money to make the investments in those target companies. It seems to me that if Simeo can provide all sorts of very detailed information about the China reverse mergers and investments it has in the pipeline (recall the stock awareness/promotion campaign earlier this year), then the least he can do is provide shareholders some info on the nature/source for that financing. But for whatever reason, Simeo will not answer that question.

It is now 2-3+ months, two press releases, and one quarterly report later, but I'm still sitting here waiting for that comprehensive status report that Simeo promised he would deliver.....

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76976981

http://investorshub.advfn.com/boards/replies.aspx?msg=76976981

For months, the VKIN website and associated social media sites have made it pretty clear that VKIN now owns Viking Investments (Nevis). Many VKIN investors probably are not aware of this but sometime during the last couple of months or so the VKIN website briefly had some information regarding the India assets that VKIN now owns. The language made it perfectly clear that VKIN does in fact own these assets now. I didn't bother to copy/save the information, but from what I recall the assets included two investments (one was a fruit processing company, and another might have been some type of coal/energy power producer) and some type of financing/financial arrangements or agreements with two other companies. I am assuming those two financing arrangements probably involve Viking acting as a placement agent or middleman for investments (but that is just a guess on my part).

You can use the internet archive feature to view the VKIN website from about 5 years ago and see some India-based financial deals/arrangements they have had some involvement with.....

Selected Transactions:

•Renhuang Pharmaceuticals, Inc., NASD-OTCBB: RHGP Reverse Merger, listed on September 7, 2006.
•Toll road company operating in China., USD 185 million for a management buyout
•Sterling Biotech Ltd., a public pharmaceutical company based in India – Convertible bonds listed in Luxembourg - $ 70 million in 2004 and $ 20 million in 2005
•Aftek Infosys Ltd., a public software developer based in India and Germany – Convertible bonds listed in Luxembourg - $ 33 million in 2005
•Hotel Leela Ventures Ltd., a public five star hotel chain based in India – Convertible bonds - $ 50 million
•Energy Conversion Devices Inc. – a public alternative energy technology company listed on NASDAQ- $ 28 million PIPE in 2003
•Alok Industries Ltd., a home furnishing textile manufacturer based in India – Convertible bonds listed in Luxembourg - $ 60 million in 2005
•Comanche Clean Energy Corp., a ethanol and bio diesel producer based in Brazil – USD 100 million in equity and convertible bonds
•OPG Energy Ltd., a power producer based in India – USD 60 million in equity

http://web.archive.org/web/20071223145830/http://www.vikinginvestments.com/theProcess.html

The importance of whether VKIN does in fact now own Viking Investments (Nevis) should be fairly obvious to all shareholders for a number of reasons. It has a potentially significant influence on whether the stock still remains the attractive investment I believe it is. A lot depends on just how everything is now structured, which is why I asked those questions of Simeo in my late June post. For example, are the 15.1M VKIN shares that Nevis owned now the property of VKIN, or were they transferred out of Nevis prior to the merger/acquisition of VKIN/Nevis?

The SEC requires that material events get reported within several days. If VKIN does in fact own Viking Investments (Nevis), I would think that would qualify as being something significant. I don't think it is outrageous to request that Simeo/management provide shareholders with a clear, complete and detailed status of VKIN so shareholders can have a better idea of exactly what is is they own. Just seems like common sense to me.