Next play will be, "I've taken a pay cut , what about all of you?"
All on the pretext of saving the business, whereas in fact, it makes the business look even better as a sale proposition. Liabilities ( wages, leave owed- how many have been told to take all your leave owed? Makes the books look good!! ) reduced to a more attractive level.
The assets are there for all to see. "Make an offer" ... Spin, spin, spin...