1) Regarding PIOE's status as a shell company. While it is true that PIOE would currently not qualify as a shell company, the fact that their last filed 10-K said they were a shell company prevails until they file an updated Form 10-K with the SEC.
However, it should be noted that since PIOE's predecessor filed a Form 15 back in March 2017, that relieves PIOE of the duty to file any 10-Q's or 10-K's. And in fact, PIOE has not filed any documents with the SEC since May 2017. (The last 10-K was filed on 3/14/17)