If NIR goes down the tubes, as you put it, that won't relieve EPGL of one penny of debt. And, yes, EPGL is very likely to be labeled "Caveat Emptor" as they have not een filed any info with Pink Sheets for NINE months. In case you haven't noticed, FINRA has taken a much more aggresive stance on those who won't file.
Investors would be better served trying to get this CEO to do something ... rather than try to excuse his present woeful performance.
"Libenter homines id quod volunt credunt"