Ann: Notice from shareholders, page-2

The playbook will go as follows: lender pulls the rug, board blames Timoney, shareholders cry foul... life goes on.

Just put yourself in the lender's shoes - why the heck would you risk your capital any further with this mob? The assets (liquidation sale) should be enough to get your money back. But if it's allowed to trade further with this fiasco going on the business could deteriorate further due to it's public image then they could actually be in trouble.