Essentially you are right, though I think you should check your specific math again. What you have failed to recognize is that these most pinkie CEOs know exactly what the consequence of CDs are and are often complicit in the destriction of their own companies.
Whatever the case is with EPGL, having researched NIR, I would say that there is absolutely no chance, none whatsoever, that there will be any compromise in their position. I believe the CEO knows this and is simply stringing along his investors.
In fact, there is nothing other than the word of a failng company's CEO, to say he is even trying to negotiate a compromise. Why accept this man's word? He de-registered with the SEC so he wouldn't have to reveal facts via filings and he can't so much as satisfy the woefully lax standards of the Pink Sheets. In fact, EPGL is just one small notch from being labeled "Caveat Emptor."
If anything, EPGL is probably tring to negotiate for yet another loan.
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