Rock Creek Pharmaceuticals Inc. (fka RCPIQ)

[1manband]

And what do you think the odds are? They are tens of millions in the hole - in order for common shareholders to receive ANYTHING, all debtors and creditors will have to receive 100% of what they are owed. And that is the LAW.

https://www.sec.gov/Archives/edgar/data/776008/000114420416125682/v449563_8-k.htm

"Rock Creek Pharmaceuticals, Inc. reported total assets of $35,139.15 and total liabilities of $21,300,999.35. RCP Development, Inc. reported total assets of $31,308.57 and total liabilities of $51,956,693.87 and Star Tobacco, Inc. reported total assets of $482,289.25 and total liabilities of $12,253,700.31."

And those debts are before the costs of the bankruptcy (not insignificant) and any interest on those amounts (also not insignificant). Every day the hole gets deeper and deeper.

That is why they are in Chapter 7 - there is really no chance whatsoever of any recovery for common shareholders.