Claritas Pharmaceuticals Inc V.CLAS.H

Really Scotty you for real...

[ChiefBronco]

Shell Companies: The Basics A shell company is a business thats created to hold funds and manage another entitys financial transactions. Unlike traditional companies, shell corporations dont have employees and arent traded on exchanges. Shell companies neither make money nor provide customers with products or services. In fact, the only normal business practice that shell companies participate in is keeping track of the assets they hold which usually doesnt amount to much money.

[Scotty]

They can also be used nefariously to transfer assets from one company to another without the liabilities. In this case, we're diluting to generate cash (asset) and transfering it to Salz without the dilution of ownership (liability).