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by Stockwatch Business Reporter

The TSX Venture Exchange fell 8.74 points to 734.95 Tuesday. David Rosenkrantz and Ilana Prussky have filed a preliminary prospectus to list their third shell, Pinehurst Capital III Inc., with a $266,000 initial public offering at 10 cents. The IPO agent is M Partners Inc.

Mr. Rosenkrantz, 63, is a civil engineer in Toronto. He runs a financial consulting company, Patica Corp. Among Patica's clients was Carfinco Financial Group Inc., a car loan provider that traded between 1997 and 2015. Mr. Rosenkrantz and his Patica co-founder, lawyer David Prussky (Ilana's father), each took a turn as Carfinco's chairman. Over the years, Carfinco's stock climbed to $12.97 from its IPO price of 35 cents. In 2015, Carfinco was acquired by Banco Santander SA at $11.25 a share. Today, Carfinco still operates under its own name. As for Mr. Rosenkrantz, he remains the chairman of Patica. He is also the chairman of Aurora Spine Corp. (ASG: $0.27), a maker of spinal implants.

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