Viking Energy Group Inc (VKIN)

[Potse]

SBAT...update.....

Regarding a follow-up to this post I made about SBAT.....

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71592973

After receiving the email from CEO Tom Simeo on 2/1/2012, I waited for about 3.5 weeks but still had not received his response to the questions I asked, and SBAT was still under a "revoked" status at the Nevada SOS. So I emailed him on 2/27, reminded him of the Nevada situation, and again asked him the questions about the ownership status of the 14.5M shares that were sent to Viking, and the source/nature of the money for SBAT's anticipated investments in its client companies.

The next day the filings and reinstatement appeared at the Nevada SOS. Later in the week the CEO responded to my email, noting that SBAT was back in good standing with Nevada. Unfortunately, he did not answer my questions.

I have additional questions I would like answered, but I was waiting to see what type of detailed response I could get to the first set of questions. I am getting the sense that he is either unwilling or unable to provide the information I am looking for, so I think any further attempt to get the info from him is probably just going to be a waste of my time.

I think it would be extremely helpful to current/prospective shareholders if the company would provide a much more detailed explanation of SBAT's business activities, the financing of its investments in the client companies, and its current/future relationship and interaction with Viking Investments Group (Nevis and St. Kitts). Now that I have brought some areas of shareholder questions/concerns to the attention of the CEO, it will be interesting to see if any of these things get addressed in the upcoming 10-K or a future press release.

Disclosure of material events in a timely and clear manner is an area that SBAT management needs to significantly improve. One- to three-month delays in filing 8-Ks for important items doesn't help instill investor confidence.

On a more positive note, I noticed last Tuesday or Wednesday that Viking placed another job posting in China. They are looking for a total of 4 Chief Financial Officers to work with client companies. So it appears that SBAT's pipeline of clients is probably continuing to grow......

http://translate.googleusercontent.com/translate_c?hl=en&prev=/search%3Fq%3D%2522%25E7%25BE%258E%25E5%259B%25BD%25E7%2591%259E%25E9%2587%2591%25E6%258A%2595%25E8%25B5%2584%25E9%259B%2586%25E5%259B%25A2%25E6%259C%2589%25E9%2599%2590%25E5%2585%25AC%25E5%258F%25B8%25E4%25B8%258A%25E6%25B5%25B7%25E4%25BB%25A3%25E8%25A1%25A8%25E5%25A4%2584%2522%26hl%3Den%26safe%3Doff%26sa%3DX%26tbo%3D1%26tbas%3D0%26biw%3D1008%26bih%3D583%26tbs%3Dqdr:y%26prmd%3Dimvns&rurl=translate.google.com&sl=zh-CN&twu=1&u=http://jobs.zhaopin.com/shanghai/%25E9%25A2%2584%25E5%25AE%25A1%25E9%2583%25A8%25E9%25AB%2598%25E7%25BA%25A7%25E7%25BB%258F%25E7%2590%2586%25EF%25BC%2588%25E7%25BE%258E%25E5%259B%25BD%25E4%25BC%259A%25E8%25AE%25A1%25E5%2587%2586%25E5%2588%2599%25EF%25BC%2589_275670913250047.htm&usg=ALkJrhjSaIvLWPlTUtMUKRb2IhrUBfI1yA