RS Legacy Corp. (fka RSHCQ)

[LouisDesyjr]

Possible 'what happened' to RSHCQ today

http://www.wsj.com/articles/radioshack-name-going-up-for-auction-with-20-million-opening-offer-1424881775?mod=yahoo_hs

I think the problem is that in the article about selling off the Radioshack name, with bids starting at $20 million, there was this:

[start of quote]
According to the creditor attorney, there isn’t enough left on the shelves at RadioShack to justify keeping the stores open after the end of March.

”There’s not enough inventory to go beyond that,” Mr. Kirpalani said.
[end of quote]

If this is correct, then it would mean that the 8K (Document 433) of forecast of cash flows through the end of March, is all there is going to be for inventory sales. The only other main asset would be the leases. In early March there should be another 8K filed that will go out another 8 weeks, to the end of April. that will show if there is any inventory left to sell.

The article also cites to legal challenges to the $285 million bankruptcy loan that has priority by the unsecured creditors.

Louis J. Desy Jr.