They are probably just protecting themselves legally. When bk ends the shares will most likely be cancelled. That could be many, many, many moons from now before they are ready to exit bk and issue new shares. Meantime, make some money !
I like price too. Some say that stock immediately is cancelled when winning bid is announced. I think that is inaccurate because time would be needed to pay off debt and secure proper business arrangements. If Standard failed to proper execute its promises, the stock would still need to be in force . Any thoughts on this or past bk buy outs?
They are not EVEN close to leaving bankruptcy at this point, so shares have a long time to trade.
Just a repeat of former news. It is a chapter 11, not a chapter 7; therefore shares will trade for a long time yet.
Don't they have to sell to collect on their short contract first ? Before partying can happen ?
I really doubt it ! Management is seeking a deal with Sprint and other buyers. They aren't the nervous type like some stock owners. Negotiation takes time. Business is not run by emotion like stocks plays often are !
Get a grip ! It's only a rumor so far. If the stores and business are sold, the stock remains with the new company and is converted to Sprint shares. Sprint has billions in cash.
Of course, buy low and sell high. When can you buy lower? When should shorts cover? It's Sssooooo lowwwwww ! So far the "news" is all hearsay. Only POSSIBILITY of truth.
I'm not selling you my shares. Shares have value until a company gets ready to LEAVE bankruptcy.
Read the article. The deal is sought to facilitate a turn around of RSH. There is only mention of deals NOW to avoid BK--not what they will do AFTER BK.
So, extremely over sold!! Can't keep 'er down Captain ! She wont hold !!!! Nice buys today of 64,000 56,000 and 59,000 !!!!