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by Stockwatch Business Reporter
The TSX Venture Exchange slipped a fraction to 810.59 Friday, ending the week up 11.4 points. Peter Bakema's shell graduate, CVR Medical Corp. (CVM), climbed 16 cents to 74 cents on 9.23 million shares. It has found a manufacturer of circuit boards for its diagnostic device, which is currently in development. The manufacturer is ADCO Circuits in Michigan. CVR's device hopes to measure cholesterol or fat buildup in the arteries. It is designed to detect a patient's risk for stroke.
CVR Medical went public in September, 2016, through Ron Birch's NEX shell, Big Bar Resources Corp. In connection with the launch of CVR Medical, Big Bar sold a $2.3-million private placement of shares at 21 cents. The 52 subscribers to this financing, which included no insiders, are doing well; CVR has not traded below 29 cents. Mr. Birch, a former broker, remains a director of CVR. In November, 2016, he became a director and the investor relations officer of Irvin Eisler's British Columbia mining promotion, Sunrise Resources Ltd. (SHI). Sunrise was cease traded by the B.C. Securities Commission in May, 2016, for failing to file its financials.
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