I think that one positive step that the shareholders can do is form a shareholders action group to provide a unified effort to propose and select a new BOD and to evaluate any proposals going forward and provide a unified voice instead of a few individual voices crying for reform.
When the jack is motivated to do what is right, and hand the company over to a group that is qualified to run the company, that group needs to have been formed, had several teleconference meetings, exchanged qualifications and references and developed a list of milestones that need to be achieved to move forward along with a tentative schedule for the actions and assignments by name specifying who is responsible for closure of each action item.
They need to have an 8-K prepared to announce the departure of the CFU and installation of a CEO and other officers, board members and hopefully an advisory panel.
There is nothing to prevent the shareholders from taking these steps NOW!
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