Ultimatum better late than never. Looks like finally we got the team which means business:
"... The concerned shareholders expect the Bioniche board to abide by the legal requirements and call the special shareholders meeting by May 16, the deadline under applicable law, by which the board must call a meeting in response to Mr. Wells's April 25, 2013, requisition. If the board fails to do so, the concerned shareholders will take all necessary actions to defend their rights as Bioniche shareholders. ...."