Ann: Trading Halt, page-8

Unpaid creditors with invoices piling up in the bottom drawer, employees unpaid, gold production pathetic and the (real) cost per ounce will be astronomical (if reported at all).
BUT the best joke is that Fotios provides management services, technical services, drilling services, hire vehicles etc. etc. such that he is the biggest creditor to EGS. If they fold, the other creditors get burned and he picks it up for cents in the dollar.
I just cannot understand why people are willing to throw any more money at this dog? Any money that does come in will go straight back out to pay the accumulated 'services' invoices and the few others that are about to get a judgement in court. There will be precious little left for the business itself. Why would a new investor pay for old unpaid invoices??