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by Stockwatch Business Reporter

The TSX Venture Exchange fell 2.99 points to 523.63 Tuesday. Michael Thomson's new capital pool shell, Roll-Up Capital Corp. (ROL), will list on the TSX-V Wednesday. It will be the second and final capital pool shell to list in September and the 13th this year. By this time last year, 14 capital pool shells had listed on the TSX-V. PI Financial Corp. sold Roll-Up's $250,000 initial public offering of 2.5 million shares at 10 cents.

Roll-Up also has 3.8 million shares in escrow that sold at five cents. Mr. Thomson, the shell's president, is the largest shareholder with two million escrow shares. He is a Calgary lawyer who has listed and sold seven capital pool shells, as the founding president or chief executive officer, over the past 21 years, starting with Adventure Capital Corp., a junior capital pool shell that went public on the Alberta Stock Exchange in March, 1994, with a 10-cent IPO. Later that year, Adventure became Healthcare Capital Corp., which owned several hearing and speech clinics in British Columbia. Investors liked what they heard and the stock climbed to $4 over the next 18 months, a big win for Mr. Thomson and his IPO shareholders. Over the next two decades, he listed six more capital pool shells, all of which we discussed in the Shell Summary for June 24, 2015, noting that after packaging deals for seven capital pool shells, he has a record of five successes and two failures. Roll-Up is capital pool shell No. 8 for the Calgary lawyer.

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