".. they will have there one hour meeting then call a end to it and walk off...."

An hour is probably more than is needed.

1. Vote on BOD membership renewal. Hardly needed, is it? Plurality rules. (see Proxy)
2. Vote on Accountants. Who cares - the BOD has said they'll do what they want anyway (see Proxy).
3. Vote of BOD share ownership. Who cares - the BOD has said they'll ignore the result. (see Proxy)

That's, what 5 minutes? This is why it's a SHAM.

The remaining 55 minutes? Anyone's guess.
?? Plan to sell the company at 10c/share - double the current valuation - great news for shareholders and clearly in their best interests. Sorry, longs....

That still leaves 50 minutes. See how much PTSC money they saved by only booking a room for an hour? Also in the shareholders' best interests.