Shell Activity - Non-operating Shells

A shell is a company that is incorporated, but generally has no significant assets or business operations.  Shells typically trade on the Bulletin Board or Pink Sheet markets and were at one point operating entities before ceasing normal business activities.  Shells on the Bulletin Board are more likely to regularly file with the Securities and Exchange Commission than Pink Sheet Shells.  Shell companies are often involved in Reverse Merger Activities with private companies that desire to go public.