The court will not appoint a shareholder as a custodian. A custodian would have to be a 3rd party with no financial interest in the company.
At best, we may be able to get shareholders on the board, but as the majority shareholder, and the only director in the company per his filing in April 2020, that would depend on Carter's generosity. Otherwise, we would need to hire an attorney to file a request with the court to appoint a custodian, a lawyer who will probably charge at minimum $100k.
In addition, custodian or board members, we would need 2 years of audited financial statements. That would be about another $50k, not including filing fees - for said financials, the attorney letter, prospectus, registration statement, 13D (we'll need to file a couple of those), etc.
I dont see how it's cheaper honestly. Buy we would still need to hire legal counsel for the initial filing with the court either way, just to get the info we need for the court to determine that UOIP needs a custodian of some sort, since no one seems to feel they need to respond to shareholders.
