Think strategically - if theres net $5m cash and the MC is $5m,...

Think strategically - if theres net $5m cash and the MC is $5m, someone just needs to take 51% or a decent stake to control the companies whole bank account. There is every chance that the shell could be taken over and the board given a very solid shake up. That, or someone with 5% will eventually call a spill.

There's many reasons why staying suspended is a good strategy for them - including avoiding making the above easier.

Or they are spending a chunk of that cash so salary after XXX months isn't guaranteed.