In 2011, the vote was for the right to increase the number of options she could grant ,not PP. As you said, this was voted down, although technically she withdrew this item just before the AGM, presumably to save face, but who knows. She had to listen to the wishes of the owners of the company in this case since they voted on the proxy she drafted. Calling the proxy invalide was not an option. Fast forward to 2012. First she tried everything to skew the results in her favor. When that failed, and the shareholders overwhelmingly voted against her, Lori had two choices. 1 hand over the keys to the office. 2 simply say the results of the vote were not valid. She had little to lose by choosing the second. The question now is are the shareholders going to lay down, or take the battle to the next level?