They're buying it up because there's no delisting notice yet, thinking it's not going to happen.
But , I'll bet the clock is off do to holidays in the calendar and the day is just a few days off.
For years I have been saying the only chance of a buyout would be for the Martians to buy the shacks as landing bases for thier invasion of earth....
You have to understand that when radio shack was expanding they were squeezing out many small privet compeditors and even thier own franchisees!
What is the total market in the city and how much of that does those two stores represent, from that ratio you can estimate how much share would be lost and the possibility of a portion being picked up by the remaing store.. Radio shack has closed many stores in the past with the hope of consolidating sales but it doesn't work.
Yes they did,, just look back at the 8k where the conditions are for not meeting the conditions for the recap.
They must have boxed up Salus's invetory,taken all the light bulbs,shoved a towel in the toilet and taped the flush handle!
Well if you read it as it's written, they state that the rent was paid at some locations with admission that some were not paid..
The company has informed a number of landlords it is temporarily holding back payments amid the restructuring, the people said, though it isn’t clear how widespread the delays are. Another person said the chain has paid its rent on time, at least in certain locations.
In order to file c11 reorganation the have to have a plan to come out of BK protection and if that plan fails then it's liquiddation.. This is just a step in the process.