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So far, the proceedings to cancel the 'nollywood' trade mark in the U.S (as reported by Afro-IP here) is progressing smoothly. The Registrant has filed a response (or "Answer") to the cancellation by simply denying all the points put forward by the Petitioner. [Afro Leo feels that the simple or easy stage in the process is nearly over]
According to Leo dictionaries: "squeaky-bum time" is that moment when lawyers, all of a sudden, become useful to litigants in person; or when litigants in person suddenly realise what they've got themselves into and wish they hadn't commenced proceedings.