Most likely management doing their best to keep the company afloat.
Either because they think they can pull it out of this tail spin or have given up and are just trying to keep their salaries coming in as long as possible.
The best option is they are trying to palm the Co. off to someone for as much as they can get and go on to (screw up) another. Maybe they can use old posts from here to let future Cos. know how great they are. (You do remember how some posted here back then right?)
Sigh
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