Value Microcaps Zip Code Changers

[Potse]

SBAT(.40)...finished accumulating a position.....

According to the 11/04/2011 8-K, SBAT has now acquired 100% ownership of Viking Investments Group....

...SBAT now owns the current/future pipeline of Viking's incubation/RM/IPO projects and investments.

Finished accumulating a position in SBAT (cost basis under .30/shr). If my assessment of what has occurred here is correct, the current price area looks extremely attractive.

Unexpectedly high operating expenses or an ugly asset/liability/financing situation could throw a monkey wrench in my prediction, but I think SBAT has a decent chance of becoming a 5-10+ bagger over the next 1-2 years.

This ownership transfer between the two parties should mean that SBAT has actually regained ownership of those 14.5M shares that SBAT issued to Viking. Absent any undisclosed agreement that allowed those shares to be transferred to other parties prior to or after the agreement, SBAT should own 15.1M shares (84%) of the 18M shares outstanding. I view the Form 3 that Tom Simeo filed on Thursday to be an encouraging sign (shows that he only owns the 2.1M shares that were just recently issued, so it doesn't appear that any of those 14.5M shares were distributed to him).

Exactly what SBAT now does with those quasi-treasury shares remains to be seen (perhaps cancellation or used for financings?). At the current price of .40 you are basically buying SBAT and Viking's business for about $1.2M (3M x .40).

This is a relatively tight, low float kind of situation here. I figure the float at the moment is probably somewhere under the 800K area. So the potential exists for some fairly explosive moves at times.