Well itesprit I've been around a lot longer than just this CC so I may have different opinions than you do. I won't get into it about the voting rights and the shares because I don't know the facts other than what Frank stated. That would be in the bylaws.
Being the owner of a corporation I do know that:
#1. In order to have voting rights you have to own shares...thats how corporations work.
#2. If someone other than you owns 50.1% or more of the shares, you are not driving the boat anymore...
Corporations are very tricky things, I owned one with two brothers about 18 years ago, I had 51% of the shares, they had 66% of the votes. I got fucked...end of story. Frank is just covering all the bases.
I will agree that I am not happy with all the shares we just got confirmed were out there though
Aloha