Disagree ... if, and that is a big if, any operations commence, their will be a major need to sell shares and transact shares to the strategic partners. You are looking at repetitive dilutions, R/S's, etc. IMO.
There are conversion privileges to Peter's Preferred Stock as per contract signed by former management Al Ayers /Ed Salmon and Peter.
This can be confirmed via former Controller and others.
I am glad you acknowledge that Peter has absolute majority control of PVEC.
I guess one needs to look at Common Shareholder minority rights...but that would be a potential lawsuit issue bought by the Common Shareholders who just got screwed.