30 Mar 2009late filing notice▼ Bad
VIKING ENERGY GROUP, INC. notified the SEC that its annual report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 Mar 2009substantial holder notice● Neutral
Viking Investments Group LLC reported a VIKING ENERGY GROUP, INC. shareholding of 632,157 shares (63.50% of votes) in a periodic institutional filing.
10 Dec 2008substantial holder notice● Neutral
Knight Equity Markets, L.P., formerly Knight Securities, L.P reported a VIKING ENERGY GROUP, INC. shareholding of 48,125 shares (4.83% of votes) in a periodic institutional filing.
14 Nov 2008late filing notice▼ Bad
VIKING ENERGY GROUP, INC. notified the SEC that its quarterly report would be filed late.
15 Oct 2008auditor change● Neutral
Under its new Viking Investments Group ownership, the company dismissed auditor Dale Matheson Carr-Hilton Labonte (no disagreements cited), continuing the recurring pattern of auditor turnover under each new controlling group.
24 Sept 2008material agreement● NeutralMajor
A change of control: Viking Investments Group LLC, having bought a controlling stake in Synthenol on August 15, 2008 at a 79% premium to market, received 284,637 more Synthenol shares in exchange for releasing the company from $270,405 of debt it held -- the direct origin of the 'Viking' name that would eventually replace Synthenol's.
27 Aug 2008substantial holder notice● Neutral
Viking Investments Group LLC disclosed a new substantial VIKING ENERGY GROUP, INC. shareholding (50.10% of votes).
21 Aug 2008director interest notice● Neutral
Xu Richard became a VIKING ENERGY GROUP, INC. President, Treasurer & Sec'y and company insider (initial ownership filing).
21 Aug 2008director interest notice● Neutral
Simeo Tom became a VIKING ENERGY GROUP, INC. Chief Executive Officer and company insider (initial ownership filing).
21 Aug 2008business combination● NeutralMajor
Synthenol, as the company was then named, told shareholders that on August 15, 2008 Viking Investments Group LLC bought 366,520 shares (about 50.1%) for $350,000 and took over $243,500 of the company's debts. Tom Simeo and Richard Xu replace the old directors Cecil Morris and John Page, effective ten days after mailing. This is the change of control that began the Viking era, and no shareholder vote was required.
30 July 2008debt financing▼ Bad
Synthenol again could not repay its Hokley Limited notes (now $15,000, $35,000 and $30,000) on schedule and extended all three to year-end with a further 10% penalty.
11 July 2008asset acquisition disposition● Neutral
Synthenol assigned its 6% stake in a medical-device company, Thermal Ablations Technology Canada, to lender Hokley Limited in exchange for cancelling a $30,000 note -- settling debt with an asset rather than cash.
14 Apr 2008substantial holder notice● Neutral
T. Baulch disclosed a new substantial VIKING ENERGY GROUP, INC. shareholding (5.47% of votes).
7 Apr 2008asset acquisition disposition● Neutral
The company, renamed Synthenol Inc., sold two dormant gambling-related subsidiaries (Casino Marketing S.A. and 564448 BC Ltd., carrying ~$70,500 in liabilities) to Ryerson Corporation for $1, shedding the last remnants of the original poker/gambling business.
7 Mar 2008substantial holder notice● Neutral
Knight Equity Markets, L.P., formerly Knight Securities, L.P reported a VIKING ENERGY GROUP, INC. shareholding of 82,541 shares (11.28% of votes) in a periodic institutional filing.
26 Feb 2008debt financing▼ Bad
LegalPlay missed the December 2007 due date on its $35,000 Hokley Limited note and again paid a 10% penalty to extend it, deepening the same debt-servicing pattern.
12 Feb 2008substantial holder notice● Neutral
Knight Equity Markets, L.P., formerly Knight Securities, L.P disclosed a new substantial VIKING ENERGY GROUP, INC. shareholding (7.96% of votes).
11 Jan 2008debt financing▼ Bad
LegalPlay again could not repay its consolidated Hokley Limited notes (now $50,000) on their due dates and negotiated a further extension with a 10% penalty -- the fourth such rescue in under two years.
12 Dec 2007debt financing▼ Bad
LegalPlay borrowed a further $60,000 at 10% interest, the largest of its recurring small promissory notes to date.
4 Oct 2007debt financing▼ Bad
LegalPlay borrowed a further $30,000, this time at a steeper 10% interest rate (versus 5% on earlier notes), reflecting rising perceived credit risk.
2 Aug 2007debt financing▼ Bad
LegalPlay again failed to repay its Hokley Limited notes on time and negotiated another extension with a 10% penalty, continuing the same liquidity strain.
24 July 2007debt financing▼ Bad
LegalPlay borrowed a further $30,000 note and separately had to ask lender Hokley Limited to extend two earlier notes it could not repay on schedule, paying a 10% penalty -- an early sign the company was overextended.
17 May 2007debt financing▼ Bad
LegalPlay borrowed another $30,000 on a 12-month, 5% note -- the debt-rollover pattern continued.
7 May 2007asset acquisition disposition▼ Bad
The original poker-tech business line wound down for good: the 2003 Blue Diamond patent purchase was unwound by default in 2005, and LegalPlay sold its Skill Poker.com Inc. subsidiary to an individual for $1 in March 2006.
1 Mar 2007debt financing▼ Bad
LegalPlay borrowed a further $35,000 on a 12-month note at 5% interest, continuing a multi-year run of small promissory notes used to keep the shell funded.
20 Feb 2007debt financing● Neutral
LegalPlay outsourced its own administration, hiring Pelican Financial Corp and Impulse Advertising Inc. for a combined $7,500/month to handle SEC compliance, investor relations and bookkeeping -- consistent with a company with no real operating staff of its own.
21 Nov 2006auditor change▼ Bad
An amended filing records that on July 20, 2006 LegalPlay's board dropped its auditor Amisano Hanson and hired Dale Matheson Carr-Hilton Labonte. The company says there were no disagreements and the change was not about performance, though Amisano Hanson's reports for 2004 and 2005 carried a going-concern warning. This continues the pattern of auditor turnover begun in 2005.
15 Aug 2006late filing notice▼ Bad
VIKING ENERGY GROUP, INC. notified the SEC that its quarterly report would be filed late.
14 Aug 2006auditor change● Neutral
LegalPlay dismissed Amisano Hanson and hired Dale Matheson Carr-Hilton Labonte as auditor, continuing the shell's pattern of frequent accountant turnover.
15 May 2006late filing notice▼ Bad
VIKING ENERGY GROUP, INC. notified the SEC that its quarterly report would be filed late.