What/who initiated the receivers, page-2

Quite simply we can't be sure. The delisting was most likely to avoid a catastrophic failure of a quarterly.

The history of LVT is with misleading reporting, smoke and mirrors, and manipulation of data and messaging.

After a while, you can't cover the dead bodies.

Any sensible person would have bet this plan to profitability would have been a failure. Given the very public problems I would assume their largest customers would have given notice. Considering sales growth was pathetic and cash was minimal. One major unforeseen impact on cashflow and what happened was inevitable.