'A lot of me is fearful that the company is buying time until the founders can exit, and pass the problem on to the new owners.' That is exactly what is happen

'A lot of me is fearful that the company is buying time until the founders can exit, and pass the problem on to the new owners.' That is exactly what is happening. Leadership us under no illusions about their platform. However, an exit strategy like this is typical and not necessarily bad for anyone. The buyers often don't care about platform quality as they are going to rewrite most of it during integration.