News: LBY Laybuy Group Says Delisting Is Expected To Be Completed On 24 March, page-2

And so ends a sorry chapter in the book of shafted retail investors. The environment has changed and personally I expect this to go the way of others and you will see a managed liquidation over the next several months. That will give the lenders time to recoup what they can.
The MD should be congratulated on still being able to pay his exorbitant salary after single handedly wasting so much of other peoples money.
Good luck to all that choose to stay on board, damned if you do and damned if you don't.