Cal-Bay International Inc (CBYI)

[Deep6]

Yes, that pretty much sums it up!

A Shell Stock (Shell Company) is a public company that no longer has any business operations. It retains its capital structure and public trading status with the intention to complete a reverse merger with a non-public company with an on-going business. This merger creates a new company that is both publicly trading and generating revenues. There are many reasons why a Shell Stock exists in the first place, but most commonly they either lost the business due to a bankruptcy, or just sold or closed it.

http://stockalyzing.com/penny-stocks/173-shell-stocks.html