Knowing how they last R/S vote went I would have to believe that if they are a BOD of good managment and business sense they would have thought about options and had a draft of some type of Plan B if the R/S didn't give them what they were looking for, maybe this is what they are doing... hashing out the details of this draft for something like a merger, or something to give them that "visibility" that they said they were looking for in the R/S.
Just my thought..