Resource Capital Gold Corp GDPEF

What does this mean to shareholders now?

[Juventino21]

Do we retain our shares and a shell is formed?
Has the ship sailed and we lose all shares/ money along with it?

[LeftBook]

As the sale does not provide sufficient proceeds to satisfy the secured debts owing by Resource Capital, the group does not anticipate being able to file a viable proposal to its creditors. As a result, Resource Capital expects to be deemed bankrupt following July 12, 2019. keywords expects to be deemed bankrupt following July 12, 2019 no date given

[Juventino21]

Thank you for the reply LeftBook. So basically in other words if they do go bankrupt shareholders would lose all monies as well?

[LeftBook]

possible/likely outcome 2019 1. the company declares bankruptcy 2. gets delisted from the exchange 3. your shares are worth nothing unlikely to repeat scenario from early 2016  1. company wrote off assets 2. seemed to be backrupt 3. someone invested in the company paying off debts  4. the company was a shell and tax-credits and little more 5. additional investors breath life into the