Royal Nickel Corp. RNKLF

RE:RE:Underwriters make big profits!

[cigarbutts]

Miner60:

I think you are totally WRONG here.  It was NOT a private placement. It was a bought deal,  when announced, at under the stock price at that time.    I watched it close. It was never under the 46 cents CAN on any volume for any real lenght of time fromthetime the deal was announced to when it actually closed.  Then BAM!!!  The news hits.  Well co-ordinated play.    

Eric Sprott "apparently" got his shares in a Private Placement. Concurrent with the bought deal.

The underwriters and their "best" clients who got in on the placment,  which closed just before the news release Monday/Tuesday just unloaded a bunch of shares in the market
for large profit,  I assume  on Wednesday AM. I assume Sprott is still holding his shares as his filing states he bought them for "long term investment".  

Since the company had paid off their debts, it seemed to me that there was really NO apparent reason for the offering,  that it served no business purpose.   Insiders did not buy any shares that I could find,   unless you want to designate ES as an insider here. 
He is not.  He might have had better "information" than you or I about what was going down at RNX.

The company drill results had to have leaked on Friday/Monday,  as US markets were closed Monday,   and RNX rocked on Monday in Canada.  

IF you want to go looking for "RATS" in this deal I think there is high probability that you WILL find them.   There is probably a case for insider trading that could be made.

The attornys for the shareholder who brings the claim would have to get the  cell phones,  e-mails,  and text messages of all the principals at RNX,  the underwriters,  and any offshore corporate accounts that seemed to have large allocations of the stock from the underwriters,  and then flipped out Monday/Tuesday on the TSX.   It's a fairly simple triangulation between the principals/underwriters/traders of cell phones,  e-mails,  text messages,  IF someone wanted to really inquire into the exact mechanisms of what happened here!!