So It's Back To Hoping The SEC Will Save VELA WOW. George Alvarez is dancing yet again. The last time we heard something, he stated he had a solution for the Ironridge problem early this year. Now he is back to putting it on the SEC, who will do nothing. Does everyone see the problem, here? The man keeps changing his answers regarding the biggest problem that affects the stock. 2015 will be another miserable year of nothing for VELA shareholders if this is the case.