"My understanding is, that the company was actually...

"My understanding is, that the company was actually profitable"

That's an oversimplification. The company was unstable. Top heavy with debt.

I dont hold BNB, but close family members do, and for the record, I am glad the company was put into administration.

The directors were clearly not behaving with the best interest of shareholders at heart. They were essentially in the process of eliminating all shareholder equity from the company to the benefit of the banks and presumably the directors.

Now that the company is in admin, the directors are accountable and may actually be liable for financial compensation or criminal charges if it can be discovered that they breached their duty of responsibility as directors.

It will take years to sort out, but when its all done and finished, there just might be something left over for BNB and note holders.