Fine, so why didn't you(mods)lay down the law? I know drag hand tied the hands of the mods but since before the sale an mostly after the site has gone down hill.
When the mods don't have the tools and support (of the owner and of the community) to control the forum, it's a neverending fight.
The biggest thing is not having a clear owner there that is taking responsibility. The site is "flat", moderators have limited power and absolutely no power to enhance or otherwise improve the site. It is what it is, nothing more and nothing less...and unfortunately for many users...what it is, is a mess.
And why should mods have an interest in managing a forum that they can't even get in touch with the owner of? That's like you volunteering at an organization, continue volunteering for the benefit of the organization but no one is actively running the organization and the owner doesn't pick up his/her phone or answer his/her email. What's the point of no return before you just give up?