Traders awaiting the successor to AGR Tools Inc. (AGRT), aka AGR Energy, finally got their wish granted when Vikings Minerals Inc. (VKMD) was alerted. TBX, aka The Bull Exchange, issued their alert on VKMD stock this afternoon as the shares immediately shot up to 0.24, a 200% increase from our .08 alert issued over the Labor Day weekend. Understanding that the Company was a shell until July with no assets, and insiders own a large portion of stock at 0.001, don’t get caught into thinking cooper is about to be mined.
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VKMD Stock Chart
Market Cap: 20.39M a/o Sep. 5
As Of 1:51PM
Last: 0.233, up 0.098 (72.59%)
Dollar Volume: $3,989,252
Average Trade Size: 14,050
Authorized: 400 Million
Issued and Outstanding: 151.06 Million
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We classify this as the VKMD scam simply because there were no assets at all for the Company as of June 30, 2012. Although Charles Irizarry is no Harry Lappa, the pump and dump of Viking Minerals could be as successful as the AGRT scam when the stock ran from .09 to as high as .69, a 666.67% gain with numerous dips along the way. (see here)
The alerts claim Viking Minerals is focusing on developing its Dolly Varden properties in northeastern Nevada, adjacent to the Victoria Copper mine. The Victoria mine has been active many times, throughout history, most recently in the 1970’s and 80’s, with each shutdown due to falling copper prices. The Large resource of copper in this area has been well documented and hosts two large operating mines: Battle Mountain and Robinson.
About VKMD Stock
Bottom Line: The dips and rips should be abundant on the penny stock pump of VKMD. AGRT peaked rather early in its promotional period, day 2, before dropping like a rock so use that as a rule of thumb for trading the new TBX promo if you’re into high risk/high return penny stocks. Just remember – its a scam.
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