A non-trading non-reporting public shell normally only a shareholder base. It may or may not have been a reporting company. This type of public shell has no symbol and must file with SEC full business information and audits to become reporting. Market maker must file a new 15c211 with the NASD to get symbol. This type of public shell is least attractive. A reporting non-trading 12G company, normally just files a blank 10k with no business. It usually has on e shareholder and no active market maker. It usually has no symbol, or an inactive symbol. The market maker must file a new 15c211 with the NASD to get a symbol. A shareholder base of 50 or more is necessary for the pubic shell to get a symbol.