It is my understanding by reading the below excerpt from the BCBCA,under which our company was incorporated, that the company may be handed over to the shareholders. There is also other very important reading in the supplied link. So perhaps, where Lori seems unable to secure a financing, give the company to us, we will finance and move it forward.

BCBCA, Section 137

In contrast to corporate legislation found in many other Canadian provinces, the BCBCA is fairly unique as it does not recognize the USA concept. However, section 137 of the Act provides that the articles of a company may transfer, in whole or in part, the powers of the directors to manage or supervise the management of the business and affairs of the company, to one or more other persons. Such a transfer may be to one or more shareholders or to persons that are neither shareholders nor directors of the company. In addition, the transferee may also be another corporate entity; accordingly, this provision permits some or all of the shareholders or other persons to act in the place of the directors of the company.

To effectively transfer directors’ powers in British Columbia, the articles of a company must clearly indicate, by express reference to section 137 or otherwise, the intention to transfer the powers to the proposed transferee or transferees. A provision transferring the powers of the directors may be in a company’s articles at the time of incorporation or can be subsequently added at a later date by special resolution. Similarly, if such a provision is to be altered or deleted, a special resolution is also required.

Where such a transfer of powers is effected, the transferee or transferees will have all of the rights, powers, duties and liabilities of the directors, whether arising under the BCBCA or otherwise, in relation to, and to the extent of the transfer. This includes any defences that are available to the directors. In addition, where directors’ powers have been transferred, the directors are relieved of their corresponding rights, powers, duties and liabilities to the same extent.

http://www.cwilson.com/resource/newsletters/article/1066-unanimous-shareholder-agreements-and-the-bc-business-corporations-act.html