The suitors are gone or more likely waiting for the real owners...

The suitors are gone or more likely waiting for the real owners of Billabong, the financiers, to say enough is enough and finally take total control to recover what they can. Propping up and committing further capital into this existing model is not an option as the potential risk contingent liability costs are too much lead in the recovery saddle bags.
The Good will be sold, the Bad will be dumped and the Ugly will be left as a memory for the shareholders.