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 lost 3.64 points to 543.15 Tuesday. Bruce Bent has filed a preliminary prospectus to list his first capital pool shell, Winston Capital Group Inc. It plans to sell a $500,000 initial public offering at 10 cents through Mackie Research Capital Corp.
(This shell-maker is not the American Bruce Bent who is credited for co-creating the world's first money market fund, the Reserve Fund, in 1970. In 2008 this fund, which by then was called the Reserve Primary Fund, was worth $62.6-billion (U.S.). Unfortunately, within a year, the fund's value had collapsed to $3.5-billion (U.S.) as a result of the financial crisis.)
Winston Capital's Mr. Bent, 62, lives in Mississauga. He holds one million of the shell's 2.5 million escrow shares. Winston sold its escrow shares at five cents last month. Since 1999, Mr. Bent has been the chief financial officer of Matthews Southwest Inc., a $500-million real estate development company based in Dallas. As well as being the CFO of Matthews, Mr. Bent is the president of its Canadian operations. Matthews has projects in the United States, Canada and the United Arab Emirates. From 1999 to 2010, Mr. Bent was also the owner of the Guelph Royals baseball team, which plays in the Intercounty Baseball League in Ontario.
The remainder is available to Stockwatch subscribers.
© 2019 Canjex Publishing Ltd. All rights reserved.
Much too fluffy to be considered a real news story. Way too much superfluous nonsense from the writer.