The whole story is that the under writers or financial backers pulled there stake of the company leaving it massively in debt and ready for insolvency, but thatÂ’s not the full story apparently there was always a secondary backer waiting to finance BBS. This is the shady part as the company was nearly bankrupt i.e. calling in all its debts from the underwriters did manage to lower the value of the company, which could mean that the secondary backers knew this, and got a share of the company cheap!
(DISCLAIMER)
But this all just opinions and not based upon any sure fired facts, but what I see the company is still a going concern
