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by Stockwatch Business Reporter

The TSX Venture Exchange lost 7.21 points to 619.21 Wednesday. Edward Ierfino's second capital pool shell, Element 79 Capital Inc. (EMS: halted), has submitted a filing statement for its qualifying transaction. It expects to launch its QT target any day now, but there is no official trading date yet from the exchange. For its QT, Element 79 Capital is acquiring Mondias Natural Products Inc. The shell will roll back 1 for 1.5, leaving it with 8,008,044 shares issued, then issue 41,882,760 shares to its target's shareholders.

Mondias is a Montreal company that sells nutritional supplements and homeopathic products, mostly through its wholly owned subsidiary, Holizen Laboratory Inc. The company's products include capsules, tonics and creams that supposedly help treat fungal infections, varicose veins, digestive problems, rheumatism, bronchitis, osteoporosis and insomnia. So far, the wonderfully helpful-sounding Mondias, alas, is not profitable. In the six months ended May 31, 2018, it lost $221,996 on sales of $256,922.

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