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by Stockwatch Business Reporter

The TSX Venture Exchange fell 4.69 points to 984 Wednesday, a three-month low for the venture exchange. Actually, the TSX-V Index has been going sideways in a narrow band between 880 and 1,050 (approximately) since the spring of 2013. That was when the index finally stopped declining from a peak of 2,464 reached in February, 2011. To find a long-term sideways trend for the TSX-V similar to this, one must look back to 1998-1999. In late 1999, the exchange broke out of its sideways pattern and began an eight-year climb to a high of 3,372, reached in May, 2007. Those eight good years were almost completely wiped out by the end of 2008 when the index plummeted to 678. The bull market that followed took the index to 2,464 by February, 2011, as noted above.

Returning to today, David Danziger, a busy shell packager for the past three years, has filed a preliminary prospectus for his new capital pool shell, Aumento Capital V Corp. Canaccord Genuity Corp., the broker behind all Danziger shells, is handling Aumento V's initial public offering of between one million and 1.2 million shares at a pricey 60 cents (most shells sell IPO shares at 10 cents, the TSX-V's minimum requirement).

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