Value Microcaps Zip Code Changers

[Potse]

VKIN(.30)...unusual/interesting situation developing.....

I'm still holding my full position in VKIN, and expecting to see a pretty good move in the share price possibly this year. The VKIN third quarter ended on September 30, 2014, and there has been no public update regarding its floorless convertible debt since that time. If that debt was still in existence when VKIN recently dropped down to around the 5-cent area, I would assume that a conversion request would have been put in at that time. Either the debt still exists to some extent, and/or the debt holders now own a large chunk of shares. So there is probably still some considerable risk in this investment.

However, what I find rather interesting is the fact that VKIN made private placements in the range of 20-50 cents during the months of September/October 2014. Also, it is interesting to note that last week VKIN released a PR regarding a proposed $300K private placement at 25 cents. IMO, if that placement is completed it would be a pretty clear indication from the management/investors that they think VKIN will be heading higher. Either the floorless convertible debt has been (or will be) eliminated, or there is some sort of "understanding" among all the parties involved that VKIN will be allowed to move higher and not get constantly hammered by the debt holders.

Ever since the new President/CEO (James Doris, a Canadian lawyer) was appointed on December 10, 2014, there has been a very noticeable increase in corporate activity. If I recall correctly, VKIN made a presentation at some type of investor conference several days after his appointment. Ten press releases have been issued since he took the position, subjects include VKIN's oil/energy investment, proposed large joint ventures in real estate and natural resources, etc.

http://www.dorislaw.com/?PGID=24&_n=James_A__Doris&TMID=1