Ballistic Ventures

    • Home
    • Ballistic Ventures

    SHOWING:

    1 to 2 of 2 results
      

    Sort By:

    Search

    Filter By:

    Topics

    Jurisdictions

    Allegations

    River Capital reports another loss

    A penny stock firm controlled by the senior officers of Bermuda-based investment firm Lines Overseas Management reported a net loss of $778,928 for the 12 months ended December 31, 2004, according to its recent 10K filing with the SEC, increasing its deficit to $1.08 million.However, River Capital Group Inc.'s share price soared during the year, hitting a high of $6.50 on the Pink Sheets market, despite the firm having no full-time employees, no revenue and, some would say, no future.

    Déjà vu: Spencer-Arscott firm turned down for insurance license

    For the second time in seven years, a proposed reinsurer headed by former AON (Bermuda) boss Robin Spencer-Arscott has been turned down for an insurance license.The failed application to the Bermuda Monetary Authority was on behalf of River Reinsurance Ltd., which is owned by Bermuda-based River Capital Ltd.