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Your project may be stalled for now, but don't give up. For now, focus your energy on finding new backing. You might have it back up and running before you know it! Don't give u!
*up
Everyone has his or her own ups and downs. What make them different from one another is the amount of resilience and boldness the person has to be able to stand up and start again. Success is not just about achievements but it is also about falling in the process and picking yourself up and learn from the fall so it will not happen again.
It's happened to a few projects I've worked on, though only as a pee-on, so I can only imagine how much more difficult it can be when it's your baby. All I can say is, unfortunately it's the nature of the industry and happens to the best of us. Maybe for next time, you could add an extra layer of diligence when vetting companies to back you. Sometimes, it's just out of our control, though. Try to keep your head up!
There might still be a chance for your film to see the light of day. Get the script out there. Hope you get noticed by a company big enough to take the risk. Good luck!
My heart goes out to you, but remember that you were already able to receive massive support for your project. It wasn't a fluke and you can achieve it again!
I'm so sorry. Don't lose hope. You'll have more opportunities for sure.