I don't think it's a shell any longer (or won't be for much longer). Once Fytton sold it to the new group I believe their plan was to reverse merge their private company (Ice Lounge Media) into the GEGP shell.
I think the only reason Fytton caught up on years of SEC filings was to complete the sale and show that it was in fact a clean shell. Once the sale was completed no need to bother with the cumbersome obligations of the SEC filings. I believe the new owners hired they're own Accounting firm to continue updating financials (you'll see the amended an old quarterly report to correct it how they see fit) but only reporting to the OTC.
Also from what I've read companies tend to suspend SEC filings when undergoing major restructuring (reverse merger?). It's also curious that the other entity BHLD (Blockhold Capital) also chose to do the same. This way they are not required to file an 8K when a major event occurs and can conduct all this business behind the scenes until everything is completed.
The more I look into Blockhold Capital it seems like they may use GEGP for what they originally intended to use the BHLD shell for which is acquiring stakes in startup Crypto currency companies.
All just my opinion but I think this new group has a plan and judging by their backgrounds and interviews I've seen they seem pretty legit with a serious purpose.
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