RE: RE: I put this up on the Prophecy board...This is what I believe, but could be wrong....
The new Prophecy Platinum will start with roughly 500 million shares and plans to do a 1:10 reverse split. So they will go in at about 50 million shares. Prophecy Resources will initially own 90% of Prophecy Platinum, or 45 million shares. Then she plans are to distribute 22.5 million shares to Prophecy Resource, later called Prophecy Coal shareholder.
I belive that Prophecy Resources, later called Prophecy Coal will own 45% of Prophecy Platinum. After considering Prophecy's approximate 10% interest in Victory and our ownership of about 9 to 10 million shares of Prophecy Resources, later Prophecy Coal, I wonder how a merger would later play out. In effect Jilin Jien and Prophecy presently own from 25 to 30% of Victory.
Victory has an advanced property at Minago, plus mineral and Frac Sand Credits. She can play for the better hand on this basis and possibly get Jilin Jien plus Prophecy to swing the money to put Minago into production