Replies to post #6378 on RS Legacy Corp. (fka RSHCQ)

[bar1080]

$64 question. RadioShack (now RSHCQ) stock is worthless and cancelled as of this afternoon. RS Legacy corp just said it will soon file a Form 15 to go dark.

But what about RadioShack's $300 million in outstanding bonds? Morningstar shows a feeble quote for them (about $0.25 on $100 face amount). Will the bonds still trade? They have been in default for the past year. I know that ancient and obscure bonds, such as Russian Czarist bond pre-1917 still trade a century after they were issued. A few were even paid off a few years ago.

So what's the story RadioShack on bonds. No I don't own any. Just wondering whether the stock cancellation by the court and the Form 15 affect the bonds.