As far as Georges efforts cleaning up the shells he ended up with - in one of the zoom custodianship cases the defendants attorneys planned to sue for attorneys fees when George lost his case - to set an example. They made a claim that George was not in it for the shareholders but was in it for himself. So in many ways George needed to prove them wrong and he stuck with it. Plus it is Ernest Stern that seems to be putting the deals together. And looking at his past horse collection over the past couple years one has to wonder - How much did HE benefit? How much did SHAREHOLDERS benefit?
I found it interesting reading those custodianship cases as they all made some claim the courts ruling was critical because he had potential pending merger candidates. I have yet to see one in his “Trifecta”. He certainly doesn’t want to be caught lying to the courts - so he does need to put in that effort.
Let’s just say I am way more skeptical when it comes to George watching his behavior on twitter over the years. And not just because he has attacked me personally in some of his rants.
FINRA and the SEC have made him jump through plenty of hoops because they have clamped down - but the shells he chose and why he even chose them is a mystery to me - because they were dirty and I don’t believe their past history ever escapes them to qualify for a legit company to merge into one. In the beginning of his shell pedaling business he made a claim like he was going to show the world how reverse mergers should be done - I still waiting on that.