The King of all Idiots would not even listen to a possible remedy for Ironridge. The SEC looked at this case almost a year ago and nothing came of it. Filling up their inbox will not do any good.
George signed a horrible deal which kept the company afloat but destroyed any shareholder value. Ironridge has done this with many other companies as well and they keep doing it. It will take a super lawyer to beat these scam artists, who have figured out how to legally strip companies of any value they may have had. I just do not see it happening.
I strongly believe that Ironridge has someone somewhere shorting each of the stocks they are involved with. That is the only avenue that would be fruitful as far as the SEC goes. However nothing has ever come of it and I highly doubt that anything ever will.
When George opted to ignore a potential solution to the company's biggest ongoing problem, it spoke volumes. The next time Velatel is mentioned regarding legal matters may be when shareholders sue George Alvarez for whatever scheme he is up to. Time will tell what that is.
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