August 1, 2014 AT 2:31 pm

RadioShack may run out of cash… #makerbusiness

RadioShack May Run Out of Cash Next Year, Moody’s Says – Bloomberg & CNN Money.

The chain of 4,000 stores has just $62 million in cash left – a figure that is rapidly approaching zero. Things are so dire that it actually doesn’t have enough money to close the 1,100 locations management says it needs to shutter. Investors, credit rating agencies and the company”s lenders seem to be in agreement that RadioShack’s days are numbered.


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