Supurva Healthcare Group Inc (SPRV)

[dss19552002]

Is SPRV a shell company?

This question came up on another board (for that company), and while in that case, I don't think the company is a shell (though their assets are now mostly if not only cash), this company (SPRV - Supurva Healthcare Group, Inc.) appears to meet the definition. However, the quarterly disclosures check the box that they are not a shell company. I don't think the company is necessarily lying (though they are sloppy with the reports), I am genuinely curious. Is this definition a grey area, or are they really a shell company? Is it up to the company to declare itself a shell, or is that decided by someone else? I suppose that since they continue to produce the quarterly filings, they can say they have operations (operations then would just be producing the reports and paying bills). Other than that, the company doesn't actually do anything, and they don't really report even cash as an asset. This makes me think that this is a shell company. While I may see this as a shell, the actual term has a specific legal definition, so I'm just looking for actual clarification, especially from those of you who routine interact on these shell company boards.