RE: RE: RE: l2"Who is behind this selling?"
That's a good question. We have momentum traders that may have made an exit to the sidelines. Warrants in the green that might have been exercised and subsequently sold. And the following:
"The Prophecy common shares issued to Victory are subject to a four month hold period expiring on September 29,2010."
"VANCOUVER, BRITISH COLUMBIA - Prophecy ResourceCorp. ("Prophecy") (TSX-V:PCY - News)(Frankfurt:1P2 - News) and VictoryNickel Inc. ("Victory Nickel") (TSX:NI - News) (www.victorynickel.ca)have completed reciprocal private placements announced on May 13, 2010.
Prophecy subscribed for 36,615,385 common shares in Victory Nickel at aprice of
.104 per common share for gross proceeds of $3,808,000. Inturn, Victory Nickel subscribed for 7,000,000 Prophecy common shares at aprice of
.544 per common share for gross proceeds of $3,808,000. Thetransaction resulted in Victory Nickel owning a 9.9% interest inProphecy and Prophecy acquiring a 9.8% interest in Victory Nickel.
The Prophecy common shares issued to Victory are subject to a four month hold period expiring on September 29, 2010."
No matter who was selling, I think said activity has now abated where we drift as we wait for off take news.