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by Stockwatch Business Reporter

The TSX Venture Exchange fell 9.25 points to 548.92 Thursday. George Lunick's eight-year-old capital pool shell, Carrington Acquisition Corp. (CAQ), plans to acquire Gary Chaikin's Cozumo Inc., a retail marketing company in Toronto, as a qualifying transaction.

Carrington will use the heavy rollback technique on its shares, 1:19.8, leaving it with 209,595 postconsolidated shares and large numbers of its shareholders with odd lots, after which the shell will issue 11,961,164 postconsolidated shares to the shareholders of Cozumo at a deemed price of $1.67 a share. Cozumo's product, called the Interceptor cable, plugs in between a scanner and a POS terminal in a retail store. It then uploads data from each sale -- UPC codes, coupons, loyalty reward points and so on -- into a server. Cozumo then processes the information and provides its clients with data to help them plan their next promotions, try to lure customers back to the store and improve customer loyalty. This all sounds wonderful but whether the Interceptor cable method works well is another matter. The company generated no revenue in its fiscal 2014 and had expenses of $2.94-million.

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