My first impression of Jay Shafer is that he is a run of the mill lawyer who is happy to represent anyone seeking custodianship, for a fee of course. Probably rarely if ever had to wage battle in such instances.
Sagar Raich on the other hand is by all accounts top notch. MyVegas Magazine's article calls him 'The most powerful business lawyer in Las Vegas'.
So I think Clement will probably win out over Kareem. SSM has multiple other custodianship cases 'in the bag' that weren't challenged that can be advanced. Although your phrase 'no point paying legal fees for an uncertain outcome' surely jarred your memory of COR's years long futile effort to continually litigate the CRGP case. I know it jarred mine. So perhaps Kareem is from the same ilk. Or CRGP just pushes people to never give up. I know we're both still here LOL.
So what's up with Clement Lockwood. Is he Adam Carter in disguise, a 'ghost come lately'? He becomes CEO in April 2020 and yet does absolutely nothing for 11 months. Surely he was aware in December of the custodianship case filed in Nevada. His only listed contact information is a Phoenix address that advertises flexible opportunity business spaces with month to month payment options.
SSM sent a summons to Clement on December 29th stating that the custodianship application had commenced. On January 4th the court records an affidavit of non service. On February 1st the court grants custodianship to SSM. On March 1st Clement via his lawyer Sagar Raich gets CRGP reinstated with the Nevada SOS and reduces the A/S from 145 billion to 3.45 billion shares. Kareem tweets for the first time about CRGP saying that his attorney would look into the reinstatement issue since he didn't authorize it and Clement is now 'former management'. But the first subsequent legal filing we see is not from Shafer but from Raich, asking the court to set aside the order for custodianship.
My impression of the Nevada SOS is that they do a lot of rubberstamping, collecting $270 a pop along the way. Should be very interesting to see how this is handled and what case Raich can make. But why did Clement let it get this far before stepping in to fight for control of CRGP? As you say, there's no point in paying legal fees for an uncertain outcome, if Clement would have responded to the initial summons SST would have likely just dropped the issue. But now we have another legal proceeding.
The ghosts of CRGP seem to like legal proceedings.
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