Those were two different scams.
In April 2012 the Min@mar Corporation was flogging a bunch of acquisitions including a South American Graphite mining Compnay. They also flogged a North American Graphite mining company into the fold as well as a Silver company and the wonderful merger they actually did Grid Grabber.
During that period Min@mar raised the OS from 300 million to the last we heard 2 billion OS, if you look at the chart you can see most of that 2 Billion was sold into that pump and dump.
Now Min@mar who had been the owner of the preferred shares having paid 200k for them a few year ago claims to have sold those Preferred shares to:
On october 19, 2012 PSG acquired majority stake in king. PSG is a new jersey based mining and exploration group.
There isn't likely any relationship between PSG and Min@mar's mining plays IMHO.
The only question is why PSG would buy controling shares in a stinky pinky if they had any real genuine goal of building a mining company.
The best I can tell PSG has done nothing with the shell to date.