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  4. Calissio Resources Group, Inc. (CRGP) Message Board

COR's attorneys come here with their creative rece

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Post# of 11040
Posted On: 10/09/2015 5:01:18 PM
Posted By: bdna
COR's attorneys come here with their creative receiver strategy, offer certain procedures for notice to be heard, etc and then withdraw from litigation? This is crazy! They were most likely on a contingent fee basis, so why would they withdraw before the collection began? Maybe they realized that a collection is not going to happen and they didn't want to keep using their big firm time and resources? I think CRGP shareholders now have a better chance of being successful here. The MEGA firm is out and the small 14 man firm is in.

OR maybe COR's attorneys were hourly and could no longer afford to pay the fees so they decided to use the local counsel instead? Nonetheless, I think this works in our favor. Also, a judge is not going to be happy to see that the big-firm withdrew, it might serve as a red-flag. This makes no sense.. something really strange is happening behind close doors.. The COR attorneys put so much effort into this they even met with the SEC in Washington. For them to withdraw tells me that they no longer believe in this case or in their client.

Another possibility is that they realized the November 13 deadline will not be met so they handed the case down to local counsel and they bounced out of here.


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