Sharheolders can do something. Hire an attorney and file a lawsuit against all three BoD members. Let them prove why they have not damaged shareholders by their actions/decision. My suggestion would be for all concerned shareholders who will be attending to the meeting to meet earlier in the morning or possibly the night before to share concerns, thoughts and possible actions to be taken.
PTSC operates as a foreign corporation in CA. There have got to be laws in CA to protect shareholders from this blatant disregard by our BoD for the will of the majority. Perhaps an SEC attorney or news reporter might be willing to buy some shares at these bargain price just for the purpose of attending the meeting as a registered shareholder.
I'm just thinking out loud here.....we need to get people into that meeting who may blow this thing wide open. Might not be a bad idea to present Cliff's assistant or the receptionist with the whistleblower phone number for the SEC. Money talks and if someone has information that could result in the SEC filing a lawsuit.....perhaps this might be incentive enough especially if it also means immunity for that person.
Frankly, I'm all out of ideas and I don't trust the BoD to ever do the right thing for shareholders. Three people run this company...three people and their collective wisdom (Joke) make all the decisions in spite of what shareholders want. They are beyond arrogant to think that they are the only three people who are qualified to make decisions for all of us.