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by Stockwatch Business Reporter

The TSX Venture Exchange gained 3.01 points to 508.32 Thursday. Roj Niyogi and Adam Salamon's shell graduate, loyalty rewards company Perk.com Inc. (PER: $3.65), has acquired a loyalty rewards mobile app called Viggle from Viggle Inc. for 1.5 million shares. If Perk.com's revenue exceeds $130-million (U.S.) in 2016 or 2017, then it will issue another two million shares to Viggle Inc. In the nine months to Sept. 30, 2015, Perk.com had revenue of $31.6-million (U.S.).

Perk.com went public in July, 2015, through Ron Schmeichel's capital pool shell, Mira VI Acquisition Corp. Mira VI listed in December, 2014, with a $250,000 initial public offering of shares at 10 cents. When it launched Perk.com, it rolled back 1 for 41.6667, so the break-even price for its IPO shareholders is about $4.16. Since listing, Perk.com has traded between $2.79 and $5.50, closing above $4.16 about half the time. Mira VI's IPO shareholders had the opportunity to sell between $4.50 and $5.50 for the first two months, until mid-September, 2015, after which Perk.com started falling to a low of $2.79. Just in time for the holidays, Mira VI's IPO shareholders got another chance to sell at a profit in December, when Perk.com climbed back up to $5.25. Though not a runaway, Mira VI can be counted as a success on Mr. Schmeichel's shell-packaging record. (We gauge the success of a shell promotion based on whether IPO shareholders have sufficient opportunity to get out of their investment with a profit in the months following the closing of a qualifying transaction.)

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