GelStat Corporation (GSAC)

[Major Profits]

She’ll badge means it’s a shell.

So why is being a "Shell" a "bad" thing? TIA

https://scanz.com/otc-market-tiers/

Shell Risk

The OTC Markets Group may classify a company as a Shell Risk if the company has financial or other characteristics of a shell company. This classification is assigned subjectively based on a company’s financial disclosures and is not based on companies’ self-reported shell status. Shell companies can be problematic for investors because they hide the underlying company’s financial activity and changes in operations.

https://www.listedshell.com/

Shell companies enable an alternative means of going public without the long-winded, complicated proceedings of the traditional IPO process. The entrepreneur controls the concept of going public itself and is not dominated by banks, advisors, lawyers and auditors. Shell companies offer the entrepreneur with a high degree of independence from its credit-providing banks through a quick and easy path to the stock exchange, and enable direct access to the capital market and therefore the acceptance of interest-free share capital (equity capital).

Shell companies also enable a clear increase in the popularity of the company through its future positioning in the capital market.

$GSAC