I am not pleased at all with the last quarterly filing (2013 Q2). It was disclosed that VKIN entered into a $58K floorless convertible financing deal (with Asher Enterprise) on May 21.....
That should have been disclosed in the previous quarterly report (2013 Q1) in the "subsequent event" section of the filing. Also, VKIN failed to acknowledge in the last filing that 100K shares were given to New Money Management for awareness/promo services.
It appears that New Money Management (Andy Theronier) was hired roughly around the same time that this floorless convertible deal was completed. I don't know whether there is any connection between these two deals, but certainly the timing is at best disconcerting/disturbing/strange.
At this point, I have no idea what is going through CEO Tom Simeo's mind or what the ultimate end game will be here. Unless VKIN decides to prepay the convertible note before November 21 (the date Asher can start converting), then this probably is the "beginning of the end" for the stock.
It will interesting to see if there is any attempt made to push the stock higher in the next month or so.
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