What does a Shell Risk company mean?

Snpw stock was labeled a "Shell Risk" just a days ago when the ceompany post its "unaudited" 2023 annual report versus a certified audited 10-K.

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This classification is assigned subjectively based on a company's financial disclosures and is not based on companies' self-reported shell status. Shell companies can be problematic for investors because they hide the underlying company's financial activity and changes in operations

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As part of its ongoing review of companies, OTC Markets may designate a company with a shell risk flag, where it believes, in its sole and absolute discretion that a company displays characteristics common to shell companies.

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in my opinion

cheers