03/24/2014- Indie Growers Association files with Nevada SOS , CIK# 0001376316, with Robert Coleridge acting as President, Secretary, Director, Treasurer etc, he is the only officer listed for the company. Par Share Count: 400 million note*- CIK number listed above is exactly the same as the CIK number on the SEC website for VKML. http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=mI5Lz4WdNFL1iUe8TBAK%252bg%253d%253d
No new public information until 04/09/2014.....
04/09/2014- VKML releases a press release......... "Viking Minerals Announces Acquisition of Indie Growers Union LLC of Washington State" which was signed on 03/11/2014(almost a month earlier) in which VKML will issue 87,500.000 million shares plus $185,000 to Indie Growers Union for all of the assets. http://www.otcmarkets.com/stock/VKML/news
04/10/2014- 1) VKML investors call "VKML investors relations" now known as Indie Growers Association IR in which they are told that the reverse split will be put into effect at 1-200 because the acquisition details were completed on 03/11/14 when the "share price was .004". This info was not public until 04/09/2014. The share price before the 1-200 reverse split was announced on 04/09/14 was .09 for over 2 weeks and had recently hit a high of 17 cents. Why did it take one month to release details of the deal if it was signed a month ago? Were filings made within proper timeframes?
2) Secondly, the acquisition deal which was signed on 03/11/2014 also gave 87,500,000 shares priced at .01 for each share for a total of $875,000. This deal was signed when the share price was approximately .004 a share. The recent share price has been above .09 since ~03/24/2014. The deal was announced to the public on 04/09/2014. The share price used for the 87,500,000 shares was .01 but it should have been .09 at the very least which is $875,000/.09 which equals 9,722,222. The share price has been at .09 from March 24th -April 9th when the reverse split was announced. Thats the price that should have been used for the deal.
3) The acquisition deal was signed 03/11/2014. The reverse split was announced to the public on 04/09/2014, almost one month after the deal was signed. Plus, only the common shareholders will have their shares effected by the reverse split. Approximately 231 million shares are outsanding as of 04/10/2014. So if a 1-200 reverse split occurs the common shareholders will have 1,555,000 shares remaining after the split. However, VKML/Indie Growers Association/Indie Growers Union stated through their investor relations firm that they will be offering the 87,500,000 shares at a share price of .01 which is below the .09 per share market price before the reverse split was announced. AND THE 87,500,000 SHARES WILL NOT BE PART OF THE REVERSE SPLIT! So the NEW SHARE STRUCTURE AFTER THE REVERSE SPLIT: Common shareholders will have 1,555,000 shares OS Insiders will own 87.500,000 Total Shares OS: 120 million. Investors are still trying to figure out what the missing ~31 million shares are for. VKML common shareholders will own ~1% of the new company.
4)Put it this way, those 87,500,000 shares are values at .01 according to the deal, after the 1-200 reverse split the share price as of today is ~.02, after the reverse split todays share price would be FOUR DOLLARS A SHARE! $4 X 87,500,000 EQUALS $350 MILLION DOLLARS! Contacts: Viking Minerals Inc. 1 (888) 648 0488 1 (206) 400 7569 indiegrowersassocation@indiegrowersassociation.com
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