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Microcap & Penny Stocks : Dollar and Under Sleeper Stocks

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To: Bigwave who wrote (6536)4/24/1998 1:44:00 PM
From: Joseph Strohsahl  Read Replies (1) of 8835
 
VIKING (VIKG)...WHAT A BUYING OPPORTUNITY

Let's see:

>> Issues referred to in our press release of March 31st as to unexpected requirements from our financial partner have been resolved
>> Specifically, a payment in the amount of $20 million was made, which was in addition to the initial payment of $5 million and securing a $100 million performance bond.
>> Both Kuhr and Viking's President, Dan O. Erickson, are expected to attend a meeting with the seller within the next 10 business days to lay out the final details to effect an orderly transition.
>> The company also continues in its efforts on a number of other significant projects and anticipates release of information shortly.
>> Also remember that VIKG has roughly 4.2Million in Float, with about 3 Million in private hands known by the company and LBI! So roughly only about 1-1.5 Million for the "general" public trading!
>>The pending acquisition will increase the company's gross assets by approximately $131 million and annual revenues by over $200 million.
>>Board of directors has authorized the purchase by the company of up to 1 million shares of its common stock.

SOUNDS ALL GOOD TO ME
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