Wednesday, December 13, 2017 10:04:57 PM
This is the proper definition of public shell: A public shell is a company that has shareholders but has no or minimal assets or earnings. Public shells are also called a shell company or shell corporation. In more formal circles they can be referred to as public shell company or public shell corporation. The SEC Securities and Exchange Commission governs the sale of securities.
Pink Sheet Shell that is a trading Public shell:These shells, because they are not SEC reporting companies - that is they are not required to file annual reports on Form 10-K or Form 10-Q, episodic reports on Form 8-K and other required SEC reports - they can ONLY trade on the Pink Sheets.
Sound familiar? EHOS
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