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I am sure the Press Release touting the "new stores" had nothing to do with it. As with any good promotional company , better days are just around the corner.
From your chart it would appear the pump worked.
And , judging by the volume, the "distribution to retail investors" was also a success.
Probably waiting for him to do something illegal.
Until they do ...
All they have is a series of failed business ventures. Happens all the time.
Happening all the time, looks bad but, people still buy in.
Go back and look at some of the old posts, as see how frequently you see something like "this time is different". They were especially prevalent at the start of the Indie Growers promotion.
In his defense, the other listings were for civil and bankruptcy, and IIRC old criminal with dismissal. I was only looking for the recent NC case.
They are all there if you want to go look.
Just remember to use RECAP so others will not have to pay.
(you only get charged if you go over $15.00 per quarter)
NB:Small oddity noted on PACER; A lot of the records for the case were sealed.
excerpts from NC court docs
The link is on PACER. You can get an account easily. I have also used RECAP when I accessed it so there should be a free copy available.
Case Number: DNCW313CR00282-002
You can also search for the name .
https://www.pacer.gov/
select login
then search in the "PACER case locator"
it will return the cases with the name you searched for.
The No. Carolina case is not the only listing for him.
You want the "History and documents" .
Then item 32 judgement.
NB:I recommend you down load the program RECAP.
https://www.recapthelaw.org/
A brief history of reverse splits;
1. 5 July 2012 1000 to 1
2. 18 April 2014 200 to 1
3. 1 April 2016 100 to 1
Duplicate posting for some reason. Sorry
I agree. I was amazed at the comments on the board for another stock I follow.
The "believers" in the new promotion often stated that it was new management, things were different now. Of course they weren't , they just had a new figurehead. They completed their third reverse split in February. (got to get rid of those pesky stockholders)
KAYS seem to have a little longer cycle time, but it looks similar.
NB:The other stock, a gold,coal,copper mining, oil, gas, marijuana , and lately BINGO stock, has been thru about 11 different promotions since2006.
For an operator that knows how to do it, pumping and dumping has got to be a profitable business.
That just begs a comment on the end of the horse involved.
I've been following them since the gold mine in the Siskiyous.
They are kind of fun , and you learn a few things.
They do have what appears to be a successful business model as they do a rinse/repeat every so often.
They appear to have never done anything but sell stock since they incorporated.
They appear to have stuck their foot in it a couple of times (Moreno and Teascom) but most seem to work reasonably well (stock gets sold).
I do note one economy move: The new stock holder lives on the lower mainland, much closer to Blaine, so not so much gas to pick up the mail.
NB:Not a stockholder. Nor do I ever intend to be. Strictly entertainment.
A nice summary.
Couple of thoughts:
Change of symbols neatly chops off the history on most charts.
The symbol change became effective after the deal failed.
Who would have thought that the next applied solution was BINGO.
NB:VKML, UPOT NEXG is keeping up their long tradition of finding interesting cowpies. Don't forget the wellies.
It has never been dead before, but there are periods of inactivity between promotions.
It gives the handlers time to get their ducks lined up, and previous "stockholders" to lose interest, if they haven't already.
Depends on your practice. Some CPAs yes, some no.
I am a retired CPA and would need at least a half a day of study to feel I knew what the procedures were. Someone who does this all the time obviously would not need the prep time.
But yes, I should think a CPA experienced in Corp. practice should be able to plow right thru it.
Inexperience hired deliberately?
Actually the handling of the convertible debt could be complicated;
http://www.gaaplogic.com/beneficial-conversion-feature/
However: they have had a lot of time to figure that out.
DINO looks more like a brokerage firm to me.
Is their bid for their own account or for a client?
http://brokercheck.finra.org/Firm/104446
Dead it may be, but people will still buy the stock.
For the nostalgia buffs among you:
https://web.archive.org/web/20121119090522/http://www.vikingmineralsinc.com/
Correction , county should be Benton not Marion.
http://www.co.benton.wa.us/
NB:The list is not exhaustive. Some items were omitted.
A brief recap of past ventures:
Viking Minerals Inc: Final negotiations underway to acquire Gold Mine and negotiating to acquire Oil & Gas producing concessions. Dead
Viking Minerals Inc: The Company evaluates funding proposal to acquire Gold mine and negotiates Oil & Gas leases in Utah. Dead
Viking Minerals Inc: The Company plans to execute agreement for the first acquisition of Gold Mine by Jan 8th, 2013 Dead
Viking Minerals Inc: The Company enters into an agreement to acquire Discovery Day Gold Mine assets valued at over $200,000,000 in Northern California. Dead
Viking Minerals Inc: The Company enters into negotiations to a Joint-Venture in an Oil field in Louisiana. Dead
Viking Minerals Inc: The Company evaluates a Joint-Venture project in an Oil field in Texas. Dead
Viking Minerals Inc: The Company signs a Letter of Intent with Wan Fang Financial to acquire a promising Gold Property. Dead
UPOT: Renting land for growing of marijuana in Marion Country Washington.
Dead.
Should we also note that they have just completed their 3rd reverse split.
Depends on what you include:
I looks like they learned something from the fiasco with Indie Growers Union
(the Washington company with Moreno)
No transfer of cash only stock, which they get back when the deal terminates.
Interesting part of this is BNT licensing the tech to NEXG and giving control of the company to BNT. Very similar to the Indie Growers Union deal.
Looks a lot like a "letter if intent".
Incompetence may not be the reason for late filing.
The part of the 10-K that states shares outstanding may not be "friendly" to the share price.
That is what I was going to go look for.
TNX
NB: Is there a copy of the complaint online?