14:24:51 EDT Tue 27 Oct 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Shell Summary for Sept. 3, 2020

2020-09-03 20:30 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 dropped 19.29 points to 730.35 Thursday. Three capital pool shells have called off their respective qualifying transactions in as many days. First, there is Doron Cohen's second capital pool shell, A-Labs Capital II Corp. (ALAB: halted), which cancelled its acquisition of S.R.P. Plus Holdings Ltd., the operator of four or five skin care clinics in Israel. S.R.P. Plus had hoped to turn those clinics into pain management clinics offering cannabis treatments. The shell and S.R.P. aimed to raise between $8-million (U.S.) and $10-million (U.S.), but now their deal is off even before they announced the financing terms.

Mr. Cohen lives in Israel and runs a corporate finance advisory firm called A-Labs Finance and Advisory Ltd. He previously worked at several mobile and telecommunications software companies. His first capital pool shell, A-Labs Capital I Corp. (ALBS), is halted pending an Australian cryptocurrency QT. He listed his follow-up shell, A-Labs Capital II, in March, 2019, with a $200,000 initial public offering at 10 cents. With no QT in progress any longer, the shell will resume trading tomorrow.

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

© 2020 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.