It seems to me that you would need to have 5% of the outstanding shares as a group or an individual to force a proxy vote. Once enough shareholders are in agreeance with a proxy, a letter must then be sent requesting the vote and the company MUST comply as a rule of a public company. {Suitable new management must also be part of this plan in my opinion.} The company would have to set a date and send out the documents to all shareholders with a meeting location and time.

In my opinion, the proposal will snowball and Fairfall would lose because of the way he has burned so many out there.