Promithian Global Ventures, Inc. (PGVI)

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I don't think there has been a publicly noted buyout offer. The company was reincorporated in Wyoming w a lot of authorized preferred shares,presumably w reference to plans by the huge neighboring mine to expand w some of the 83 million line of credit earmarked for expansion of the neighbor mine and another mine.
As if MXGD plans to raise a lot of money.Why and how? Possibly as part of MXGD's bid for a joint venture that would keep royalties rolling into MXGD,whereas a buyout is a one time thing.

I'm just guessing and there are mining experts who jumped on this thing when the announcement of the neighbor mine to expand came out and have since disappeared.
I don't why, since MXGD surrounds it on 3 sides and I don't know how the big mine will expand without some agreement w MXGD.

Who does MXGD expect to buy the large number of preferred authorized shares,unless it is investors banking on some JV/royalty agreement? Or the big mine could easily buy the preferred- I didn't notice whether there was a poison pill to prevent a hostile takeover(to the company but not necessarily MXGD investors)but there most likely is.

The mining engineer/CEO put a LOT of effort ,including some unusual formulas into the lengthy stock configuration -didn't spend a lot of time on it. A previous post many days ago provided a link to the Wyoming reincorporation.