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by Stockwatch Business Reporter
The TSX Venture Exchange fell two points to 1,183 Tuesday, another slow day for the Canadian shell sector. Patrick Wong, a shell-maker from Saskatchewan, has found a new (to him) qualifying transaction for his Pacific-Link Capital Inc. (PCL).
Pacific-Link plans to roll back its shares 1:2 and then issue an unstated number of shares for Eidam Diagnostics Corp., a purported medical device company owned by Bernard Armani, who is also Eidam's sole director. The company has a long, undistinguished history that began in 1975 when Werner Eidam built its only product, the CRT 2000 Thermographic System, a device that detects body temperature irregularities. There is a short promotional clip on YouTube about the CRT 2000, which looks like a product from the 1980s: "Doctors use a probe to touch 119 points on the body, a process that takes 10 minutes and is then repeated for accuracy, and then the data collected may be indicative of irregular body function." The company's vice-president of public relations, Shelley Leonhardt, says the product is meant for early detection of certain diseases. Without being specific, she claims the product has found irregularities five years before they would show up on a mammogram or an MRI.
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