In light of the trading
volume in its common stock at prices in excess of $0.20 per share, RadioShack
Corporation today reiterated its belief that there will be no recovery for any
equity holder in its pending Chapter 11 proceedings.
Equity holders of a company in Chapter 11 bankruptcy generally receive value
only if all claims of a company's secured and unsecured creditors are fully
satisfied. RadioShack said it believes that the claims of its secured and
unsecured creditors will not be fully satisfied, leading to the conclusion
that RadioShack common stock has no value.
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