From what I've heard (over on ANN, think it was on an ANNCast) there were a lot of disagreements between the manga-ka and the anime director and that Takaya was so unhappy with it that she didn't want anymore to be made. So partially Deen's fault for changing the last few episodes so much (you would have to ret-con the last few episodes for a sequel to even work) but also Takaya didn't want anymore.
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