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Shell Summary for Sept. 24, 2019

2019-09-24 20:43 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange closed down 6.54 points to 583.44 Tuesday. John Gamble and Bruce Bent's second capital pool shell, Roosevelt Capital Group Inc. (ROSV: halted), plans to acquire Maxx Sports Technologies Ltd. for the shell's qualifying transaction. The shell will roll back 1 for 3.6, leaving it with five million shares issued, then issue 76 million shares to its target's shareholders.

Maxx is a sports website and app developer in San Jose, Calif. Its main website and main app, both called Maxx Sports TV, enable users to watch sporting events live. The users get to choose which angles they want to watch games from, as Maxx Sports TV provides live video and audio streams from up to 48 cameras per game. Users may switch between cameras during the game, and they may also pull up and view instant replays. There is no fee to watch games live, but users must pay to make recordings and download them. According to the website, the cost of recording one game with the Florida Panthers hockey team is 99 U.S. cents if you book in advance or $1.19 (U.S.) if you want to buy the recording after the game. So far, it appears that there are at least two sports teams that have allowed Maxx Sports Technologies to install cameras in their home stadiums and to offer live streams and recordings of their home games through Maxx Sports TV: the Florida Panthers and another hockey team, the Philadelphia Flyers.

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