I have never heard of Continental Micronesia. I know Continental has a Guam "hub", but I didn't look into where they fly and with what kind of aircraft. Can you tell me about Continental Micronesia; is it owned by Continental, an airline within an airline, or just a codeshare?

Also, I was intrigued that Continental only flew to Guam domestically from Honolulu. If Guam is like United or Northwest's hub in Tokyo, why don't they fly there from their mainland hubs?
Thanks