Good to see you back - you were oddly quiet on yesterday's big move up.
I do agree with you, however, that the $500MM loan offer should not affect share price.. It is, as you say, contingent on RSH filing Chapter 11 which typically cancels out common shares.
To me, RSH declining the offer would signify confidence the company can remain solvent and justify a positive move for the share price.
We all know the situation they are in now so no need to rehash it. Everyone is waiting to see how they come out of this. On top, or in bankruptcy court.
