I know it gets frustrating. Try living this nightmare for 8+ years now. Just like Gekko when ask why he wrecked companies. Gekko answered -Because they are wreckable.
In the time of the high flying revenues and a higher stock price with a low O/S, the company was able to suck things dry and get away with it. Now they have killed the golden goose.
Nursing the golden goose back to health will require some hard work and money from the insiders. Will they do it? We will see.