RS Legacy Corp. (fka RSHCQ)

[ASimEE]

A relatively small dollar value traded at the right time (after hours when the market is closed) is creating a panic and a tanking share price on a PR stating the possibility of RSH going bankrupt as soon as next month (like this is NEW news??).

I think the after-hours selling is going to panic people this morning and I would expect to see more selling by the retail investors once they wake up.

Still don't see the significance of the PR though - it also stated RSH may not file for bankruptcy if they make another deal. Essentially the PR says "We are just guessing here folks".