GM Charles. Companies merge and/or buy businesses all the time and don't have formal stockholders proxy votes to do it. Particularly big companies. I don't think it is required to vote on MOST merges. It's just a business decision by management. I know I didn't with JFAX and EFAX to become JCOM.
Keep in mind, IF IA Global continues with the Holding Company name and Michael Ning and his group and Inter Asset LBO Japan Fund already have controlling stock ownership in IAO shares, there will be no need for a new company name or new stock issue, hence, no vote needed IMO.
In the case you've indicated about Sonus and OncoGenex, it appears that OnceGenex never had prior stock ownership in Sonus so they needed shares issued to their shareholders. And, both of those companies I assume were already listed companies. Somewhat a different situation where there wasn't pre-buying for controlling interest. In our case, there is already outside control by a couple of groups that are private. What do the controlling groups need to do to maximize their investment return in IAO? The dd suggests the combining of operations into a BIG BOARD listed stock being IAO. And, as you noted, a whole new CEO and board is now in place with IAO.
Regarding events leading up to and post the upcoming Stockholders Meeting, that's a difficult call but everything seems to be in place for a change right after the meeting. We'll soon see.
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