That would be incorrect. The Board of Directors has full authority to operate the business. They are in control.
Shareholders have the ability, if they are unhappy with the present board to call for a shareholder meeting, propose an alternative board or individual members. A vote in the held on who should be a board member going forward.
Until that happens the Board does in fact have total and full control of the company, its assets and business plan.
That doesn't make a bit of sense. How do you know that Scott brought Dan on all by himself. Did he tell you that?
You say Otto was brought on board by Scott. Is that something else Scott told you? I think not.
If I were Scotts family and I had the shares you think they have I would have been on him for the last seven years to get something done. Scotts family must be as disappointed as we are.