George is powerless to stop Ironridge. He agreed to their terms and anyone who buys VELA shares will suffer from those terms. He supposedly had the opportunity to take a deal from White Knight investors who saw value, but he ignored it. It will come out as to why some day. As someone speculated here, George wants to give massive amounts of shares to his family, insiders, etc. If that's the case, he will be in court after it is officially announced.
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