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by Stockwatch Business Reporter

The TSX Venture Exchange closed at 934.04, up a fraction from Friday. Charles Shin's first shell, Gulfstream Acquisition 1 Corp. (GFL), began trading today, closing at 35 cents on one 90,000-share trade. Last year, Mr. Shin left Canaccord, where he had been a broker for seven years, often organizing initial public offerings for Canaccord shells. His former employer was also the agent and IPO dealer for Gulfstream. Today's 35-cent close is good news for the shell's IPO subscribers, who paid 10 cents for their shares.

The TSX-V halted Edward Farrauto's Raystar Capital Ltd. (RYA) before today's market open pending news, which the shell has yet to deliver. Mr. Farrauto restructured Raystar into a shell more than six years ago. Since then, it has traded between four and 90 cents, last at 19 cents. Investors likely have high expectations for Raystar, which over the past two years has sold cheap stock to well-known deal-makers, including Randall Oliphant, Lukas Lundin, Douglas Forster and Blayne Johnson.

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