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by Stockwatch Business Reporter

The TSX Venture Exchange added 9.17 points to 705.22 Wednesday. Roger Dent has filed a preliminary prospectus to list a new capital pool shell, Quinsam Opportunities I Inc. Fin-XO Securities Inc. will sell the shell's $500,000 initial public offering of five million shares at 10 cents.

Last February, Quinsam Opportunities sold four million escrow shares at five cents. The largest shareholder of the shell is a small investment company, Quinsam Capital Corp. (QCA: $0.14), with 1.4 million escrow shares. Quinsam Capital, which ended the first quarter of 2015 with a portfolio valued at $2.9-million, incorporated Quinsam Opportunities earlier this year. Mr. Dent is the chief executive officer of Quinsam Capital and the president of Quinsam Opportunities. He also owns 900,000 escrow shares of the shell.

Mr. Dent used to work at CIBC World Markets, but he is best known by Howe Street investors for his stint at Yorkton Securities, where from 1996 to 2001 he was the brokerage firm's director of research. He left Yorkton in January, 2002, shortly after settling a matter with the Ontario Securities Commission, which declared his conduct was contrary to public interest and ordered him to pay $50,000 plus $10,000 in costs. According to the OSC documents, while Mr. Dent was Yorkton's director of research, he was also on the board of Book4golf.com Corp., once a high-flying tech company that enabled golfers to book tee times at various golf courses on-line. (Investors and golfers were easily impressed in the early days of the Internet.) In February, 2000, Yorkton issued a research comment about Book4golf that included a strong buy recommendation, though it did not disclose that Mr. Dent was a director. At that time, Book4golf traded at $21 and was nearing its peak. The brokerage firm continued issuing buy recommendations throughout 2000, and finally, in January, 2001, it mentioned Mr. Dent's relationship to Book4golf in a "Wake-Up Call" report. It disclosed that he had resigned from the board, by which time the stock had fallen to $1.15. The OSC documents also say that in 1999 Mr. Dent arranged the sale of shares from a private placement of Storage One Inc. to a close relative, and then loaned his close relative the money to purchase the shares, despite Yorkton agreeing to only sell the shares from the Storage One private placement to non-professional clients. At any rate, after Yorkton Mr. Dent moved on to become a portfolio manager for eight years at Matrix Asset Management, handling the company's Matrix Strategic Small Cap Fund. In 2013, Mr. Dent became CEO of Quinsam Capital, which we mentioned above. The investment company recorded a profit of $838,895 in the nine-month period ended Sept. 30, 2014.

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