They are so far in the whole on this company it wouldn't be wise to let it die. I doubt they want someone else in charge of what they funded.

After they clean the company up it will be a good business. It's just not a tech company and never was a tech company but there is still good money in leasing office space for $1, making it look nice and then subleasing it for $4 or $5, they just need to knock off the bull shit.