Without knowing if there's a majority ownership within the company that would preclude having to have shareholder approval on matters, I go back to this point.....
In their last 10-K filing, there's this.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
During the fiscal year ended July 31, 2009 we did not submit any matters to a vote of security holders.
Usually, this is where they give themselves the ability to R/S.
I emailed the company for confirmation. It all seems kinda odd to me.