Can a company that went to bankrupt like canntrust Come back even if they said they're winding down.Business and shares are no longer available for sale and you can only sell them like for example the company phoena

It is possible for a company that has gone bankrupt to potentially come back and resume business operations. However, the process depends on the type of bankruptcy filing and the circumstances surrounding the bankruptcy.

1. Chapter 7 Bankruptcy: In a Chapter 7 bankruptcy, the company ceases operations and its assets are liquidated to pay off debts. Once the assets are distributed, the company is effectively dissolved, and shareholders typically do not receive any value for their shares.
2. Chapter 11 Bankruptcy: In a Chapter 11 bankruptcy, the company aims to reorganize and continue operations. While the company is in bankruptcy, its shares may continue to trade, but the value is likely to plummet. If the reorganization is successful, the company may emerge from bankruptcy with a new capital structure and potentially new shares issued to creditors and shareholders. In some cases, the old shares may be cancelled, and new shares are issued in their place.

If the company has filed for Chapter 7 bankruptcy, it is unlikely to come back in the same form. However, if it filed for Chapter 11 bankruptcy, there is a possibility that the company could restructure and return to business operations. The decision to wind down the options and cease sales of the shares indicates that the company is in a liquidation or reorganization phase, which is consistent with a Chapter 7 or 11 bankruptcy process.

If the company has ceased operations and the shares are no longer available for sale, it does not necessarily mean that the company cannot come back. It depends on the ongoing efforts of the company, the bankruptcy court, and the stakeholders involved in the reorganization process. The stock price would not be displayed if there are no more shares available for trading, as the stock has no value until the bankruptcy process resolves the claims of creditors and shareholders.

In conclusion, the possibility of a company coming back after bankruptcy depends on the type of bankruptcy filing and the specific circumstances of the company. If the company has ceased operations and the shares are no longer available for sale, it does not preclude the possibility of a future return, as the company may reorganize and restart operations.