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by Stockwatch Business Reporter
The TSX Venture Exchange added 1.16 points to 697.67 Tuesday, the start of a shortened trading week. Laurie Sadler's capital pool shell, Valiant Minerals Ltd. (VTM), completed its qualifying transaction last week by launching Michael Dalsin and Roger Greene's Convalo Health International Corp. (CXV), which started trading today and was the most active stock on the TSX-V, closing at 28.5 cents on 17.41 million shares. It is a pleasing start for Mr. Dalsin and Mr. Greene, two Californians who are also the promoters of Patient Home Monitoring Corp. (PHM), a health care company with operations in the United States, which was today's third most active trader, closing down one cent to $1.02 on 3.14 million shares.
Convalo owns a rehab clinic in Hollywood called BLVD Center and it plans to open a second clinic in Los Angeles shortly. It also has $5-million in its treasury, which will help the company start its grand plans to acquire additional rehab clinics across the United States. We have reported on this deal many times in the past, most recently in the Shell Summary for Feb. 12, noting that new regulations in the United States are forcing private health insurance companies to treat alcoholism and drug addiction as real diseases, which means more customers for the rehab clinics.
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