Reiko, currently COOP has 300 million common and ten million preferred authorized so if you factor in the 12-1 RS for Common that would be a total of 3.6 billion common...more than enough to be put back in original position.
""There needs to be a shareholder's vote in order to approve such an event.""
You seem to forget that just a few of DA BOYZ together can carry a vote pretty much any time they want to, so no they do not need to even issue a proxy just an 8k STATING they are going to do it and hold a majority