Who knows - GEGI is hiding info. Usually Purdon makes some agreement with a Co. like Osceola (it was Kapacke and Pizz Inc then, but same people).
In the agreement there's a requirement for GEGI to provide financing by a certain date, which Purdon never meets. As if he ever had any intention of coming through with his part of the deal.
What Purdon is after is something he can write a PR about, so for the few months before he screws his partner you get releases about financing, tranches, equipment, licenses, whatever. All containing words like "expected to", "in the process of" and ending with the safe harbor statement.
Purdon gives himself shares in exchange for "consulting" or whatever, and also loans himself money as Grandview Capital, then converts that loan to himself to free-trading shares so it looks like there's an "investor". It's really money coming out of his left pocket and ending up in his right, with debt converted to shares in the middle which he sells as part of the dump.
That's what's going on as far as I can tell, and it's backed up by info in filings. What's for sure is there has never been any real mining, or oil, or joint ventures, or medical MJ, or anything else that he's promised. Just more debt converted to more shares dumped during his PR releases.
I'll bet the house that he's hiding some agreement that has a clause that allows GEGI to back out of the mining business. It's what always happens.
It's a scam.
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