What it means is that the management of this company has failed...

What it means is that the management of this company has failed shareholders.
What it means is the management of this company has no more place running a listed entity than you or I.
What it means is that no one or group of people will likely ever be held accountable for such failings.
What it means is if you ever, ever, see the same people involved in the running of a business, stay well clear.