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by Stockwatch Business Reporter
The TSX Venture Exchange lost 1.41 points to 769.15 Friday, ending the week down 27.52 points. Two capital pool shells listed today. First, Arif Shivji's Predator Blockchain Capital Corp. (PRED) opened at 28 cents and closed at 24 cents on 250,000 shares. It sold a $400,000 initial public offering at 10 cents. Predator is Mr. Shivji's first capital pool shell. He is a Victoria accountant who began his career at PricewaterhouseCoopers LLP. He joined his first public company, PetroGlobe Inc., as chief financial officer in 2007. Since then, he has been the CFO of a handful of public and private oil and gas companies. He was the CFO of Predator Midstream Ltd., a private crude transloader, when it was acquired by Secure Energy Services Inc. (SES: $7.33) for $104-million in 2014. Now, Mr. Shivji is the controller of Fireweed Energy Ltd., a private natural gas explorer that is planning a $40-million IPO at about $5. He also has a mortgage company, Mortgage 786 Finance Corp., which caters to Muslims. In Islamic law, interest-based financing is forbidden, so Mortgage 786 says it offers law-abiding "halal financing products." Law-abiding Islamic lenders never charge interest; instead they charge fees. In other words, theyword-weasel their way around the prohibition.
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