The opportunity CLYW had to get their shit together and make a real business that might actually work... expired the moment when Daic / Pattin chose to not hold the shareholders meeting...
DW could have called a SHM when he took control. He knew his action resulted in a Delware court order to hold a shareholders' meeting, but he didn't. So the blame is shared.
Additionally, if the attorneys were smart, on both sides, they should have advised DW and CLYW not to take the vote result to Delware due to that court order not being fulfilled.