The club's Supporters' Trust is unhappy at the way the club is being run and are collecting signatures for a petition to call a meeting and a vote of no confidence in the chairman.
Armstrong-Holmes, who revealed in the matchday programme for the game against Bradford that he came close to resigning last month, told the club's official website: "I will be extremely pleased if a Special General Meeting can be arranged because I would love to explain the situation to Trust members. We have nothing to hide.
"There are many things about what has happened in the past few weeks which I would very much like to give our side of the story to Trust members and if the opportunity arises to do that, we will welcome it.
"I am convinced that what we are trying to do is right for this club and if it is possible to bring a firm proposal to the table, we fully intend to do that.
"What I need all genuine supporters to understand is that at the end of the day, my views and plans will count for very little. Absolutely nothing can happen in terms of investment into this football club unless it is acceptable to the club directors, and all shareholders - including the Trust membership."