There is no way members [5% required] could organise an EGM...

There is no way members [5% required] could organise an EGM within 28 days. With the boss holding 26 million shares any shareholder motions would be voted down anyway.

If all the existing directors voluntarily resigned and were replaced by a new Board of highly qualified and competent people, that might carry some weight in winning back the liquor licence. However, finding highly qualified and competent directors willing to have their good names associated with the sex industry & the Daily Planet brothel, might be an impossible task.

In the short term we are stuck with the existing Board unless there is some unexpected intervention from above.