someone wrote a long, detailed post about 6 months ago, instructing shareholders how to set up a new board. They explained how to use ihub - one can give notice of a special shareholders meeting that way, giving the time, place and purpose of the meeting. (this was via a CEO of a public-trading company who did this a lot)
if we had our board in place, we could defend the corporation in the event of any lawsuits and we could keep billy somewhat at bay because he wouldn't have any access to the company, ditto deidre.
if a deal was made, the board would be in place to handle the funds.
as it is, we have to go through a long process which will keep the funds on ice.
btw, a special meeting could STILL be held and a BOD elected right now.
if there's a will out there to do it.
addendum ~ there's still talk about the bylaws determining how a BOD is elected, but most are boiler-plate requirements and the way it's done is pretty consistent
