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by Stockwatch Business Reporter

The TSX Venture Exchange added 1.44 points to 700.93 Thursday. So far this year three capital pool shells -- Todd Hilditch's Riley Resources Corp. (RLY), Pat DiCapo's POCML 3 Inc. (PWR) and Amar Bhalla's Carlaw Capital V Corp. (CVC) -- have listed on the TSX-V, and more will be along soon. Earlier this week, Larry Doan and David Smalley filed a preliminary prospectus for their new capital pool shell, Flying Monkey Capital Corp. Canaccord Genuity Corp. will sell the shell's $300,000 initial public offering of three million shares at 10 cents.

In December and January, Flying Monkey sold 2,612,001 escrow shares at five cents. Mr. Doan, the shell's 61-year-old president, owns 368,001. Mr. Smalley, 53, a director and also a Vancouver lawyer, controls 258,000 escrow shares through his Abundantia Ventures Inc. Mr. Doan and Mr. Smalley have packaged shells and been on boards of public companies together for more than a decade. Mr. Doan was a co-founder and a director of Extreme CCTV Inc., which went public on the Canadian Venture Exchange in January, 2002, at 50 cents. Mr. Smalley joined the board of Extreme CCTV six months after it listed, and the two remained with the company until March, 2008, when it was taken over at $5 a share by Bosch Security Systems. Three years later, in March, 2011, Mr. Smalley listed a capital pool shell, Priceless Piranha Capital Corp., with a 10-cent IPO. In December, 2013, the shell rolled back 1:2 and launched Mission Ready Services Inc. (MRS: $0.21), a seller of army gear, including hazmat suits, and cleaning services to governments. Mr. Doan joined the board of Mission Ready when the QT closed and Mr. Smalley stayed on as chairman. Priceless Piranha's IPO shareholders had an opportunity to sell their shares last fall between 30 cents and 50 cents, making it a success for Mr. Smalley and his IPO shareholders. Mr. Doan has since resigned from the board of Mission Ready.

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