Matt can flex his 84% voting power, but proxies can be clawed back, at which point he'll be left with 30% voting power (that being the fraction he owns outright

Matt can flex his 84% voting power, but proxies can be clawed back, at which point he'll be left with 30% voting power (that being the fraction he owns outright). At worst, that is, since it would take a united front of shareholders and years of messy litigation. I think most investors would rather just cut their losses and sell their position.