Again, as I explained in an earlier post, again on 4/15/16, despite what Phil may think or feel or demand, the IOC BOD did not act illegally in rejecting a minority shareholder's demand to hold a special meeting:
"RE: Phil and legal proceedings:
Under Yukon corporate law, shareholders holding 5% or more of a corporation's shares may requisition (request) the BOD to call a special meeting. The directors are required to call such meeting unless 1) a 'record date' has already been set, 2) a shareholder's meeting has already been set and notice has already been given, 3) the business of the proposed special meeting as stated in the request (requisition) includes issues that "there are reasonable grounds for believing the primary purpose is to enforce a personal claim or redress a personal grievance against the corporation, its officers or directors." Additionally, if the directors who were proffered the request (requisition) do not call such special meeting within 21 days of the request, those requesting the special meeting may then call for the meeting. (Source: Yukon Business Corporation Act, Part 11: Shareholders, Section 144: Meetings on Requisition of Shareholders) .
It appears that what PM et al. have done is, on April 12, filed an action with the Yukon courts to call for such a special meeting."