Home > Boards > US OTC > Biotechs > Rock Creek Pharmaceuticals Inc. (RCPIQ)

The company can still remain as a shell

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1manband   Friday, 05/31/19 02:39:05 PM
Re: elmasry post# 29735
Post # of 29768 
Quote:
The company can still remain as a shell after chapter 7



No, it cannot.

Under Chapter 7, the common shares are automatically cancelled.

No exceptions. That is the law.

There is ZERO chance of this stock surviving the bankruptcy. It will be cancelled, and anyone foolish enough to buy it will lose 100% of their investment.

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