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Based on populations, I don't possibly see how Alganon can be a money making prospect at this point. The cost of servers and employees has to be much much larger than they can be bringing in from new customers.
It's probably a tough situation for the investors, as they are probably propping QoL up in the eventual hope of turning the financial situation around, rather than facing millions in lost dollars. It sounds like they are planning to open a server or two in Europe and I wish them luck. But I think the investors need to realize that current management hasn't and most likely can't turn things around and that they need someone with current MMO experience.
Alganon seems like a game that deserves a niche in the market, but if it's hemorrhaging money daily isn't it time to make a change?