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by Stockwatch Business Reporter
The TSX Venture Exchange lost 5.8 points to 813.39 Friday. Pat DiCapo and David D'Onofrio's fourth capital pool shell, POCML 4 Inc. (POCM), listed today with a $200,000 initial public offering at 10 cents. It has yet to trade. Mr. DiCapo owns seven million of the shell's eight million escrowed shares. Mr. D'Onofrio owns 700,000. They are both directors. The third director is Adam Parsons, 23. Mr. Parsons joined Mr. DiCapo's Toronto merchant bank as an investment banking analyst last year, after graduating with a bachelor of engineering from the Memorial University of Newfoundland. This is his first POCML shell experience. The three prior versions of the POCML series were all successes. Mr. DiCapo and Mr. D'Onofrio listed POCML 1 Inc. at 20 cents in 2011. Within a year, they had launched Quebec graphite explorer Mason Graphite Inc. (LLG: $1.80). They listed POCML 2 at 15 cents in 2013, rolling back 1 for 2 a year later to become Bedrocan Cannabis Corp. Bedrocan is now part of Canopy Growth Corp. (WEED: $28.17). Then came POCML 3. They listed that company at 15 cents in 2015, rolling it back 0.91 for 1 in 2016 to become Argentine lithium explorer Neo Lithium Corp. (NLC: $1.83).
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