WRSP - Worldspace, Inc. - NASDAQ

[agnostia]

The bottom really fell out on this one yesterday near the end of trading. Lost about 70% in the last two hours of trading.

The volume is cause for some concern, but volume is at about 3x the 10 day average.

Maybe worth keeping an eye on? Discuss...

http://stockcharts.com/h-sc/ui?s=WRSPQ&p=D&b=5&g=0&id=p63930393275

[jotuk6771]

17-10-2008 21:23 BRIEF-WorldSpace files for bankruptcy protection
Nom    Dernier    Variation
 WORLDSPACE A ORD      0.19      -0.39 (-67.24%)

- Oct 17 (Reuters) - WorldSpace Inc:

* Voluntarily files for bankruptcy protection

* Says board unanimously determined that chapter 11 reorganization was necessary

* Says will continue to operate its business, manage its assets as a 'debtor-in-possession' under jurisdiction of the court

* Says financing facility is expected to enable the co. to continue to pay salaries of critical employees

((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))

Varghese Joseph vj

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[Alan412]

...you only get 500k volume on a 70% fall?

[zdeville]

This one is now WRSPQ but getting attention.  Liberty which took a stake in SIRI for 40% has been keeping WorldSpace afloat and will possibly close on a deal with them.  Liberty has a huge stake in SIRI and will have rights to other countries via WorldSpace.  Could put 2 + 2 together on that one. Might be worth to keep an eye on.

[Vegas]

This one is now WRSPQ but getting attention.  Liberty which took a stake in SIRI for 40% has been keeping WorldSpace afloat and will possibly close on a deal with them.  Liberty has a huge stake in SIRI and will have rights to other countries via WorldSpace.  Could put 2 + 2 together on that one. Might be worth to keep an eye on.

Friday's closing chart looks pretty good...