Rock Creek Pharmaceuticals Inc. (fka RCPIQ)

[1manband]

Suppose to be delisted and bye bye investors. But still here trading , after 1 year. Can you explain me why

Because the SEC, nor any other regulator, has the authority to stop trading in the stock during the bankruptcy process. To claim otherwise is ridiculous, especially since the stock is not listed anywhere. It trades OTC.

I suggest you read the SEC's bulletin on bankruptcy of public companies.

https://www.sec.gov/reportspubs/investor-publications/investorpubsbankrupthtm.html

Some highlights:

"There is no federal law that prohibits trading of securities of companies in bankruptcy."

"Under Chapter 7 of the Bankruptcy Code, the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors."

"What is Chapter 7 Bankruptcy?

Some companies are so far in debt or have other problems so serious that they can't continue their business operations. They are likely to "liquidate" and file under Chapter 7. Their assets are sold for cash by a court appointed trustee. Administrative and legal expenses are paid first, and the remainder goes to creditors. Secured creditors will have their collateral returned to them. If the value of the collateral is not sufficient to repay them in full, they will be grouped with other unsecured creditors for the rest of their claim. Bondholders, and other unsecured creditors, will be notified of the Chapter 7, and should file a claim in case there's money left for them to receive a payment.

Stockholders do not have to be notified of the Chapter 7 case because they generally don't receive anything in return for their investment. But, in the unlikely event that creditors are paid in full, stockholders will be notified and given an opportunity to file claims.

Does My Stock or Bond Have Any Value?

Usually, the stock of a Chapter 7 company is worthless and you have lost the money you invested."