00:16:22 EDT Tue 17 Oct 2017
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Shell Summary
Symbol C : *MKTSHEL
Recent Sedar Documents

Shell Summary for Aug. 11, 2017

2017-08-11 20:56 ET - Market Summary

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 rallied 4.24 points to 762.81 Friday, but it ended the week down 2.87 points. Darryl Cardey's capital pool shell, Dataminers Capital Corp. (DMC: $0.04), has received TSX-V approval to roll back 1 for 5, which will leave it with 1.31 million shares issued. Its postconsolidated shares will begin trading on Monday. The shell does not have a qualifying transaction in progress.

Dataminers listed in May, 2014, with a $300,000 initial public offering at 10 cents. It was founded not by Mr. Cardey but by husband and wife shell-makers David Wood and Colleen Flynn. Dataminers is their third shell. In the Shell Summary for Nov. 24, 2015, we discussed the couple's first two shells, concluding that they yielded one success and one failure for their IPO shareholders. We consider a shell to have been a success if its IPO shareholders had sufficient opportunity to get out of their investment with a profit, reasonably soon after the shell closed its QT. For Dataminers Capital, considering the 1-for-5 rollback, the break-even price for its IPO shareholders will be 50 cents. Although Mr. Wood and Ms. Flynn have resigned from their officer positions, they remain directors of the shell. They also manage a property consulting firm in Vancouver called Zenith Appraisal & Land Consulting Ltd.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2017 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.