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by Stockwatch Business Reporter

The TSX Venture Exchange fell 2.72 points to 680.48 Wednesday. Michael Thomson recently filed a preliminary prospectus to list a new capital pool shell, Roll-Up Capital Corp. The Vancouver office of PI Financial Corp. is in charge of finding investors for the shell's $250,000 initial public offering of 2.5 million shares at 10 cents.

Earlier this month, Roll-Up sold 3.8 million escrow shares at five cents. Mr. Thomson, the shell's 58-year-old president, is the largest shareholder with two million escrow shares. He is a Calgary lawyer and a tenured shell packager, with Roll-Up being the eighth capital pool shell in which he has been president over the past 21 years (he has been a director of even more). His first, Adventure Capital Corp., listed as a junior capital pool shell on the Alberta Stock Exchange in March, 1994, after selling IPO shares at 10 cents. In October, 1994, Adventure became Healthcare Capital Corp., the owner of several hearing and speech clinics in British Columbia. The stock opened at 18 cents and over the next 18 months it climbed to a high of $4, offering Adventure IPO shareholders plenty of time and opportunity to sell for a large profit, and making Mr. Thomson's first shell a big success. Mr. Thomson then took a break from the shell packaging business, taking a job as a broker at C.M. Oliver & Co. Ltd., followed by a stint at Research Capital Corp.

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