Laurie...

that is correct.//and if a proposal wanted to be made from the floor at the meeting...

"Stockholders who intend to submit proposals to the stockholders at the next annual meeting of stockholders but intend to submit such proposals on their own, either from the floor or through their own proxy statement and proxy, must submit such proposals to the Corporate Secretary in writing by August 15, 2010 in order for such matters to be voted upon by the stockholders. Stockholder proposals should be directed to the attention of the Corporate Secretary, addressed as follows: Patriot Scientific Corporation, Mr. Clifford L. Flowers, Corporate Secretary, 6183 Paseo Del Norte, Suite 180, Carlsbad, CA 92011."

the sitting BOD holds all the cards...unless a group wanted to unseat them and take control with a competeing board slate...that takes alot of cash, time ,resources and in most cases a call for a special meeting for a vote....and of course strict adherence to the SEC rules for such an action