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by Stockwatch Business Reporter
The TSX Venture Exchange fell 4.92 points to 588.96 Tuesday. Two Vancouver accountants, Kevin Ma and Alex Tong, have filed a preliminary prospectus to list their first capital pool shell, E36 Capital Corp. The shell plans to sell a $350,000 initial public offering at 10 cents through Haywood Securities Inc.
Mr. Ma, 40, is the shell's chief executive officer and second-largest escrow shareholder. He has an escrow position of 700,000 shares out of 2,325,000. He has been a director or the chief financial officer of a dozen or so public companies, including two other shells. Currently, he is a director and the CFO of each of Carl Data Solutions Inc. (CRL: $0.10) and Netcoins Holdings Inc. (NETC: $0.035). Carl Data Solutions is a data collection, storage and analytics company. Its stock traded up to 65 cents in 2016 but is now down to 10 cents. Mr. Ma's other employer, the 3.5-center Netcoins, has an app for buying and selling cryptocurrencies.
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