KeyOn Communications Holdings, Inc. (fka KEYO)

[TrueTrades]

This is from the link you provided! Do you just not understand how taking control of KeyOn, in the event of BIP failure, was built-in to the agreement(s) from day-1?
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Voting Rights

The holders of Series Cal Cap Preferred Stock and Series KIP Preferred Stock are entitled to vote, together with holders of Common Stock as a single class, on any matter upon which holders of Common Stock have the right to vote, and shall have the right to one vote for each share of Common Stock into which the shares of Series Cal Cap Preferred Stock or Series KIP Preferred Stock held by such holders could then be converted.

Election of Directors

So long as no shares of Series Cal Cap Preferred Stock or Series KIP Preferred Stock have been issued, the holders of shares of Common Stock shall be entitled to elect all directors of the Company. In the event that any shares of Series Cal Cap Preferred Stock or Series KIP Preferred Stock are outstanding, the holders of the Series Cal Cap Preferred Stock and Series KIP Preferred Stock are entitled, voting together as a single class, to elect such number of directors of the Company as is consistent with their pro rata ownership of the Company’s outstanding Common Stock assuming the full conversion of all outstanding shares of Series Cal Cap Preferred Stock and Series KIP Preferred Stock. In such event, the holders of shares of Common Stock shall be entitled, voting separately as a single class, to elect all remaining directors of the Company.
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At this point I would call for a board vote demanding public retraction and apology!
Outrageous, unabashed lying on a public message board. Should be ashamed!
§KEYO