Ed's gonna get paid either way. That's the problem with having having one person acting in both the CEO and Chairman position.
Didn't Ed already commit the new shares via the warrants issued in the November 2016 funding commitment issued to the South Americans. Wonder what legal ramifications would be if the share authorization was voted down.
In any event, the easiest way for a new management team would be to change the composition of the board. Shareholders have that opportunity at the December meeting. It will be interesting if they follow through.