In talking with several creditors...it is not about the money anymore...even one creditor who grew up on the same island in Greece is "pissed".
It is about honesty, stopping him from hurting others, etc. I believe his inability to set/communicate/honor some basic payment schedules to existing defaulted creditors will force these creditors to take control of the company and his personal finances via a bankruptcy judge.
It takes only two or three "pissed off" creditors to affect this company and the investors/shareholders will be jettisoned to a lifeboat with a hole in its bottom.