GA is an Idiot or Scam Artist - You Are Correct
Your idea makes perfect sense. Unfortunately, George has no business sense. He seems very intelligent in regards to technical and engineering ops, however.
Why do you believe there is less than a million owed to Ironridge? If this is the case, then it makes ZERO sense to put up with this at this stock price. I would make sense to obtain some sort of "better money" loan and take out Ironridge. If the company is executing as they are PR-ing, then there would be real value here if Ironridge was taken out... before it gets worse.
It would seem that dilution could be the last hurdle to company value if the Starhub upgrade goes live soon. One would think George has to have contacts who have a million lying around he could borrow on good terms. It just seems that he is too lazy to care about that end of things. In theory, someone could snatch up 100 million shares at .0003, loan George "Ironridge takeout money", and probably double or triple their investment in days once word got out. Instead, George chooses to allow his company to get devalued while he conducts business elsewhere.