They’ve updated their statement on their website: http://www.thestarwarstrilogy.com/starwars/post/2016/02/19/Team-Negative1-has-disbanded
“Basically, we set out to prove that we could finish the preservation project and we have”
Bullshit. They are absolutely not disbanding because they’ve all of a sudden decided all their work is done and it just so happened to be the same day they were banned.
I don’t know exactly what happened, but I’m not buying this crap for a second.