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by Stockwatch Business Reporter

The TSX Venture Exchange lost 1.27 points to 791.98 Friday, but it ended the week up 4.60 points. Two capital pool shells have listed: David Mitchell's sixth shell, MJ Opportunity Corp. (MJC: $0.20), and Mike Belantis's first shell, Rebel Capital Inc. (RBL: $0.10). There are now 119 capital pool shells, of which about half are available for deals.

MJ Opportunity sold a $704,200 initial public offering at 20 cents, through Echelon Wealth Partners Inc. Today, it opened at 30 cents and closed at its IPO price of 20 cents, on 141,300 shares. Mr. Mitchell's first five capital pool shells yielded three successes and two failures, as we last discussed in the Shell Summary for Aug. 10, 2017. We consider a shell to have been a success if its IPO shareholders had sufficient opportunity to get out of their investment with a profit, reasonably soon after the shell closed its qualifying transaction.

In August, even before MJ Opportunity began selling its IPO, Mr. Mitchell already filed a preliminary prospectus for his seventh capital pool shell, Commerce Acquisition Corp. Listing shells appears to be the man's business. He has a private company called Stillbridge Ventures Inc., which is in the consulting business, that business presumably being shells and manufacturing more of them. Commerce Acquisition plans to sell a $500,000 to $1-million IPO at 20 cents, also through Echelon Wealth, but first it must file its final prospectus.

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