Worldspace Corporation fka WRSP

[hang ten]

I really didn't expect this either... What I am going to look at is whether Worldspace can reorganize or emerge at a later date - recapitalized with different management. I certainly would not advocate buying shares in WRSP right now though!!

(My thinking is along the lines of Kmart evolving into Sears holdings for example.)

First understanding Worldspace's predicament:

http://financialenglish.blogspot.com/2008/09/understanding-bankruptcy.html

http://www.uscourts.gov/bankruptcycourts/bankruptcybasics/chapter11.html