Viking Energy Group Inc (VKIN)

[Potse]

db7...website changes, promotional activity....

i was very suprised at the number of shares that came loose <= .08 recently

The selling doesn't seem to make a whole lot of sense, based on available information. But in this market over the last year or so, I can pretty much make that statement about virtually every stock I own or follow.

Just prior to the RM announcement on RNPR/YIHG somebody was dumping a bunch of shares at 6 cents. From both a pre-merger shell valuation picture and a post-merger valuation prospective, selling at that price is a bit of a head-scratcher. Relatively recently somebody was dumping shares of the TEEE shell (disclosure: I own shares of that shell). At one point it was nearly trading at a $100K market cap, which was almost less than the cash remaining on the books. When you see a high-quality shell like that under selling pressure, you figure just about anything is possible in this market.

I would assume that the most likely source for most of the selling pressure on SBAT is probably related to some of the S-8 shares that were issued last year. About 2.5M shares of the S-8 were issued to Simeo, Viking employees, and the lawyer. However, if my math is correct based on the share count disclosed in the last quarterly filing I figure there were another 500K shares issued sometime before November 1, 2011. Exactly where those shares went hasn't been disclosed yet.

It could be nothing more than just a complete coincidence, but I do find it somewhat interesting that two people with stock promotion backgrounds (Tom Speciale and Chuck Tamburello) started following Tom Simeo's Twitter account right around the time that SBAT began its price decline.......

http://twitter.com/#!/tomsimeo/followers

On Monday (March 19) SinoCubate entered into a $4K/30-day stock promotion agreement with LevelStock.com, and the SinoCubate website has undergone some changes. I think it is logical to assume that we might be seeing at least one press release in the next month or so.

One of the most notable changes on the SBAT website: A "clients" section has been added, and it includes information about a client that up until now has not been mentioned before. I've placed in bold a couple of interesting things.....

A 25 year old apparel company with 3 clothing factories, 1,500 employees, several own brands, operating 40 stores in China. In addition to selling its products nationwide in China, client sells to the U.S., Europe, Middle East and South America. The client is highly profitable and has a growth rate about 30-40%. ? The client plans to open stores in the US, increase its store locations in Cina and to commence a comprehensive website operation. ?? Estimated completion for listing, June 2012 at what time SinoCubate will own an equity position in the client.

http://www.sinocubate.com/our-clients/

The LevelStock.com promotional profile of SBAT is interesting to me because it contains some pieces of information that isn't included on SBAT's website. I am assuming since SBAT itself paid for this promotion that this info is coming directly from SBAT/Simeo.

Among the things of interest include financial projections of assets/profits for SBAT through 2016, one of the clients may be a jewelery company, SBAT may make acquisitions (including the women's luxury underwear company), and some equity percentages/numbers on SBAT's first three clients that are expected to come public in calendar 2012 or early 2013........

For the services, SinoCubate will typically charge between 7 – 15% of equity in the client company, corresponding to an ownership in the client company valued from $5 million and up, to be free trading 6 months after completion of each transaction. In addition, they may invest in the target company at an attractive valuation.

"SBAT" currently has one client that plan to list in June, which will result in equity to SinoCubate worth in the range of US $7 – 10 million, plus two other clients, of which SinoCubate’s portion will be worth US $3-6 million.

http://www.levelstock.com/sinocubate-inc-otcbb-sbat--cms-1556

Those equity percentages/numbers for SBAT's incubator services are particularly interesting to me because they are about double what I was anticipating to see based on information that originally had appeared on SBAT's website. There are still a lot of variables/questions/concerns here (for example, SBAT's operational expenses, potential dilution, etc), but if these numbers are close to being accurate/conservative then it partially validates why I have had a bullish opinion of this stock.

The four client companies in the pipeline could alone represent over $1 in equity, based on SBAT's last reported share count.