Pinks don't have to tell anyone squat they can just pull the rug out from under everyone anytime they want to.
An SEC registered company must have a proxy vote. The caveat here is that often times the insiders have enough votes, via preferred share voting rights, often thousands or even 10's of thousands of votes PER SHARE that a vote is actually a joke, a foregone conclusion and the board can do whatever they want.
Opinions posted by me are just that, my opinion.
This is in no way a suggestion to buy or sell any security.
Consult your own financial advisors for investment advice.