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by Stockwatch Business Reporter

The TSX Venture Exchange lost 2.72 points to 627.46 Tuesday. Balraj Mann's second capital pool shell, Fitch Street Capital Corp. (FSC: halted), plans to acquire a pair of unnamed private B.C. industrial companies for its qualifying transaction. The shell, which has 12,623,082 shares issued, will issue a total of three million shares to acquire its two targets.

According to the shell, its targets manufacture and sell extraction equipment, including cannabis oil extraction equipment. It says the two companies are not at arm's length to one another, but they are both at arm's length to Fitch Street. In connection with this QT, Fitch Street plans to raise $2-million at 13.5 cents. Presumably, it will release more information about its targets before closing the financing.

Mr. Mann is a Vancouver accountant and former real estate developer. He has been the chief financial officer of about half a dozen public companies since the 1990s. He listed his first capital pool shell, Aiviv Ventures Inc., in 1996. Unfortunately for its shareholders, Aiviv simply delisted in 2002 without closing a QT. It was a failure, make that an abject failure.

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