The use of the virgin shell partially explained:

"The Company is pleased to announce it has entered into a Letter of Intent to acquire a functioning transfer agency that is intended to close the last week of October. The transfer agency will be merged into the new entity Baron purchased last week and the audited financials of the transfer agency will be submitted with the S-1 when filed for the new entity which is expected by the end of 2012."

This protects the virgin shell from the bashers on iHub:

"Baron will not release the name of the new entity or the transfer agency it is acquiring until it must do so under law or when the S-1 is filed."