[gyardley]

It sounds like you waited a little too long before trying to arrange a soft landing, so now you're probably going to have a hard landing.

In this situation, I would tell your investors immediately that their investment is going to zero if you can't manage to sell the company for the value of the team - and that in order to even try to sell the company for the value of the team you're going to need a bridge loan, because otherwise the team is going to evaporate.

If you can get a month's worth of bridge, get all your investors to start looking for a home for the team and concentrate solely on that. If you can't, tell the employees to start job hunting and use the small amount of money you've got left to wind things down gracefully and sanely. Winding things down on your own without the help of a lawyer is a pain in the ass, and lawyers cost money.