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Shell Summary for April 24, 2020

2020-04-24 20:18 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange added 6.13 points to close at 462.64 Friday, ending the week up 17.77 points. Catherine Wilson and Ted Manziaris have filed a final prospectus to list their first capital pool shell, Trillium Acquisition Corp. It is selling a $200,000 to $4-million initial public offering at 10 cents through Echelon Wealth Partners Inc. The main difference between the final and preliminary versions of the prospectus is that Trillium has now identified all of its escrow shareholders, not just the insiders.

Among those non-insider escrow shareholders is Frederic Blondeau, the head of real estate research at Echelon Wealth in Montreal. He holds 200,000 escrow shares. There is also Robert Sutherland, the head of real estate investment banking at Echelon Wealth in Toronto, with 200,000 escrow shares. Thomas Hull, a portfolio manager at Echelon in Toronto, holds 200,000 escrow shares. Michael Kraft, former managing director of real estate at Echelon, holds 200,000 shares. Harrison Keenan, a broker at Canaccord Genuity Corp. in Toronto, holds 500,000 escrow shares. Trillium Acquisition sold its 10 million escrow shares at five cents in October, 2019. Shell-maker Ms. Wilson holds one million, while Mr. Manziaris holds 2.8 million. The shell's three other directors hold a combined 1.4 million.

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After a read of this mess ,just waiting to screw the public once more on a new scam. I wonder if Catherine has some friends like Frank had in NJ.

Maybe she is well tuned on how the game played but not enough shares to call the shots. CYA and I will watch the movie does it come with a cartoon.

SEC will be watching this scheme but you never know hell they maybe kosher. Ciao L

Posted by Lorenzo at 2020-04-27 20:05