Hello.quick question about the one ingot sales event

Let's say a not so popular item , like summer youth clothing , never reaches the 50 participations needed , and stays at phase 1 forever

Let's also say that you decide to participate once (50 ingots for 1 participation) and at Wednesday 02:00 the total participations are 10

1)Is the "lottery" gonna take place between the 10?

and if not

2)Am i gonna get the 50 ingots back ?

Thanks in advance