If shareholder get wiped out in bankruptcy, the company emerges, all debt is wiped out, and goes public again, then yes.
I don't know if you would want to be part of a new Benny company, though.
I think the company would be wiped out. Benny would just go back to running his Active Media company and trying to publish through Kickstarter projects.
After the way he ran REDG into the ground, I don't know of any rational person that would back a new public company ran by him.