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Microcap & Penny Stocks : Viking Resources (VIKG)

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To: vcap who wrote (699)2/18/1999 10:55:00 AM
From: Barkley  Read Replies (1) of 738
 
How long will it last?

Just a shot in the dark, but before the CEO Kuhr split, he paid off a buddy of his with a huge amount of shares with the expectations that VIKG would get cash in return to finance their operations. Well, the buddy sold all his shares (trashing the stock price) and never gave VIKG the cash. So the story goes. All this activity could be a large short position being covered (the buddy buying back shares at this low price).

The other idea is that VIKG actually has done something and will be announcing something soon. Those of you who have followed VIKG for a while realize that this has a very small possibility of being the actual case.

Barkley (injured again)
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