I didn't take Brian's proposal that way when I read the post the other day. From your post I infer that you assume that he is asking that PTSC notify and get approval from shareholders PRIOR to NEGOTIATING a deal or deals. I don't look at it that way, nor do I think that would've been the intent.
Rather, I expect, though I don't know anything about his proposal or the company's response, the request was geared toward seeking the approval AFTER a deal was negotiated and agreed to by the company and the acquisition target or other entity. It seems we see this type of deal ALL THE TIME in today's market. How many times do we read a press release from different companies indicating they have agreed to this or that pending the approval of shareholders?
Aside from the baggage of your obviously personally charged emotianal objection since the proposal came from Brian, what makes you read it as this extreme scenario whereby PTSC has to come to us shareholders and outline their plan BEFORE they go shopping it to someone. This seems pretty unrealistic to have been contemplated by Brian, or for you to present as the likely scenario. Do you know something the rest of us don't?