This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Stockwatch Business Reporter
The TSX Venture Exchange gained 1.25 points to close at 588.03 Monday. Shay Benhamou has filed a preliminary prospectus to list his first capital pool shell, A-Labs Capital IV Corp. The man who started the A-Labs series of capital pool shells, Doron Cohen, does not appear in the prospectus of A-Labs Capital IV, but we will discuss him momentarily. A-Labs Capital IV plans to sell a $200,000 initial public offering at 10 cents through Haywood Securities Inc.
Mr. Benhamou, 45, lives in Israel. He is the promoter and chief executive officer of A-Labs IV. He holds 1.1 million of the shell's two million escrow shares. A-Labs IV sold its escrow shares at five cents in January.
In the shell's prospectus, Mr. Benhamou says little more about himself than the fact that he owns a holding company called EDJ Investments Ltd. He does not mention that he is the CEO of Airsoft Ltd., an Israeli tech firm that offers an on-line trading platform for foreign exchange, derivatives (specifically CFDs or contracts for difference) and cryptocurrencies. Before becoming the CEO of Airsoft in 2015, Mr. Benhamou spent six years as a senior director at Camalia Capital Markets Ltd., an Israeli brokerage firm that specialized in foreign securities. Before that, he spent four years as the head of international trading at Migdal Capital Markets (1965) Ltd., an investment management firm. Earlier in his career, he spent three years with Gmul Sahar Securities Brokerage Service Ltd.
The remainder is available to Stockwatch subscribers.
© 2019 Canjex Publishing Ltd. All rights reserved.