"the Court of Chancery may summarily order a meeting to be held upon the application of any stockholder or director. The shares of stock represented at such meeting, either in person or by proxy, and entitled to vote thereat, shall constitute a quorum for the purpose of such meeting,"

If they don't hold a SHM and the Court of Chancery orders a meeting...... IMO they risk being out voted. ( or voted out! )

There will be a meeting before the Court of Chancery steps in. I am sure they do not want to loose control.