I wonder which party needed more time for discovery, and what exactly are they trying to discover. The original motion to set aside custodianship was for lack of notice and fraud on the court based on the inability to recognize a Kareem Mansour in the United States. Should take about two minutes in a hearing to determine if Kareem exists and if he filed the proper paperwork.
Maybe Kareem is seeking to discover who Clement Lockwood is.
Or maybe Kareem needs more clarity on the number of authorized shares since Clement lowered the A/S by 97% and installed his own lawyer as the RA AFTER Kareem had been granted custodianship by the court. Kareem wouldn't have a problem with a lowered A/S, it increases the value of a possible sale of CRGP, but he would want to know what he owns.
Whether it was Kareem or Clement that is seeking more time for discovery, it would seem that Kareem is willing to stay in the fight for CRGP, for now at least. I would too if I were Kareem, as the original motion filed by Clement states that the fraud they are charging might apply to his other custodianship cases, which are progressing quite nicely for him to this point. So his entire business venture here is on the line.
Maybe after a few back and forths Kareem and Clement will reach some sort of agreement whereby Kareem will provide resources and connections to Clement for any type of sale or merger he might be interested in.
If I had to guess I would say though that it was Clement who is seeking more discovery. After all, he is the one who hired the super lawyer, who in turn became the RA and brought on a second lawyer to help with the case. Kareem's lawyer just pushes paper for a mountain of custodianship cases and doesn't seem inclined to move beyond the comfort zone of his longstanding money maker.
We will find out in good time as we always do, whether it be in days, weeks or years. Patience is a virtue with CRGP, going back to the crazy summer of 2015.
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