There are some good people out there that can definitely replace...

There are some good people out there that can definitely replace the current team
A New MD would not be hard to find but Hanking with an increasing share of PGO want to take control because they want to have a remake of their last deal where they cashed up millions. IMO they are not interested to take PGO to production. Its all about the assets. They are cashed up and happy to buy, hang around and re-sell at a good profit.

As for shareS it all depends how much investors have at stake. It appears that there are a lot of small investors in PGO which is making things difficult for Hanking to complete the take over at a faster paste. The smaller the $ at stake is making investors not worried to loose if things go south. Hence highly likely why the slow transition of this takeover.

PGO investors have good leverage because if Hanking are really willing to buy out the company, past the date of their offer, their only other option would be to extend their offer and even improve their offer. They have indicated that they would not improve their offer but they have also said that they reserve the right to improve their offer if necessary. If they want to accelerate this process, IMO they will have to improve their offer to complete the takeover.

Just remember all: UNITY IS STRENGTH