There are two options:
1) The company throws in the towel and goes belly up; or
2) The company raises capital, consolidates its operations and tries to make a go of it.
For shareholders this means, respectively:
1) All your money is definitely gone and you get $0 for your investment; or
2) You have a chance that you may get some (perhaps not all) of your money back out.
Bit of a no brainer really.
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