I can't say what knowledge Mr. Rico has when it comes to doing due diligence on a shell company. Nor do I know for sure that the shell's history is the problem. It makes sense that it would be, but one cannot be sure.
If the problem is the shell's history, then maybe someone didn't look into this very carefully before it was purchased. I don't know how much due diligence is reasonable before buying a shell as I have never bought one. Sometimes, one follows all the steps and it just turns out that there was something unexpected that makes the deal a problem. I just hope this is going to be resolved very soon.