[OKDXA] Radio Shack Closings In Oklahoma

[K8fu--- via OKDXA]

A chapter 11 filing is for reorganization....Chapter 7 is for total  
liquidation.....
 
RIBBIT........................RIBBIT...............
 
 
In a message dated 2/10/2015 2:43:15 P.M. Central Daylight Time,  
k2gkk at hotmail.com writes:

To the  best of my knowledge, Radio Shack has merely declared bankruptcy!  
That  does NOT mean total close down. 

As is common in such cases, protection  is offered to the company while it 
attempts to reorganize, cut expenses, and  come back in a stronger financial 
condition. 

If, has Tom has stated,  Radio Shack has some 4,000 stores, the scheduled 
shutdown of 1,784 of those  stores would tend to suggest that the above 
paragraph is in play here.  

* * * * * * * * * * * 
* 73 - Mac, K2GKK/5 * 
* (Since 30 Nov  53) * 
* k2gkk hotmail com * 
* Oklahoma City, OK * 
* USAF & FAA  (Ret.) * 
* * * * * * * * * * * 



> From:  tmwebb at cox.net
> To: rksimpson1 at cox.net; okdxa at mailman.qth.net;  ocapa at mailman.qth.net; 
arrl-ok at mailman.qth.net;  oktraders at yahoogroups.com
> Date: Tue, 10 Feb 2015 07:36:12  -0600
> Subject: Re: [OKDXA] Radio Shack Closings In Oklahoma
>  
> Some of the stores will be kept open awaiting transfer to Sprint and  
Amazon,
> i.e keep the property in serviceable condition.  I should  think a few of 
the
> 4,000 Shack's will remain open. 

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