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by Stockwatch Business Reporter

The TSX Venture Exchange lost 2.52 points to 713.11 Tuesday. James Cassina's first capital pool shell, Good2go Corp. (GOTO: $0.10), has listed following a $220,000 initial public offering at 10 cents. Its IPO agent was Haywood Securities Inc. Not unusually for a shell, Good2go did not trade today.

Mr. Cassina, 61, lives in the Bahamas. He is a director of Hassan Thermal Power (P) Ltd., a private company that plans to build a 660-megawatt power plant in India. Previously, Mr. Cassina was the chairman of EnerNorth Industries Inc., a Canadian oil and gas explorer that also planned to build a power plant in India. EnerNorth traded up to $4.45 (U.S.) on the New York Stock Exchange in 2005 but went bankrupt and delisted two years later.

Mr. Cassina was the president of a Texas oil and gas explorer, Eagleford Energy Corp., which peaked at $2.03 (U.S.) on the Nasdaq in 2010. Unfortunately for its shareholders, Eagleford fell to about 25 U.S. cents within two years, and then the stock chart became even worse. The stock rolled back 1 for 10 three times: in 2014, 2016 and 2017. The company changed its business to Internet advertising in 2016, and now it trades as Novicius Corp. (NVSIF). Novicius was halted at 18.32 U.S. cents, and still is, pending an Oregon marijuana deal. The stock is also listed on the Canadian Securities Exchange, where it was halted at 21 cents. Mr. Cassina resigned as president in 2016 but remains the company's chief financial officer and a director.

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