to run a company publicly. Very good chance the Q1 results are now also in jeopardy of being filed on time.
They really need a workout specialist to get to this all cleaned up and to sort out for sale. If they have to re-state revenues, they will likely never regain credibility w/investors under current management.
and don't kid yourself, there was probably a reason why no one from outside the company would step in and take an executive position w/them.