Sears Canada Inc. (SRSCQ)

[Seahawks3030]

Could be a wipeout tax loss but with a .077 average ill take the risk.

[OTC Scam Hunter]

Will be interesting to see if the news is a catalyst for a run.... or if the news is just being used to dump more shares onto the market. We shall see this week.

[Mt69sinai]

Sears Canada head said to be negotiating $650 million deal that would cut retailer’s footprint by more than half
BY REUTERS
ORIGINALLY PUBLISHED: SEP 18, 2017


Struggling retailer Sears Canada Inc’s top executive is negotiating a private-equity backed deal that could be valued at more than $650 million, the Wall Street Journal reported, citing people familiar with the matter.

The retailer’s Executive Chairman Brandon Stranzl last month stepped away from day-to-day operations to focus on plans for the company, which filed for creditor protection in June.

A potential deal by Stranzl would be financed partly through private-equity capital sourced by Vadim Perelman, the founder of Baker Street Capital Management, and with debt financing, people familiar with the matter told the newspaper.


The proposed offer would reduce the company’s store footprint by more than half but could retain at least 8,000 jobs while paying off bankruptcy loans, according to the report.
Sears Canada was not immediately available for comment.

The company, which in 2012 was spun off from U.S. retailer Sears Holdings Corp, has laid out a restructuring plan that includes cutting 2,900 jobs and closing roughly a quarter of its stores.

[OTC Scam Hunter]

$SRSCQ - No bottom? Dilution into the ground. Will be funny to see Sears end up being a sub penny stinky pinky! ROFL

[Mt69sinai]

What the??? Barely any volume today... Looking at getting some .04/.05s.. Maybe tomorrow this goes lower... IMO easy double/triple in the next 3 months and Sears has states numerous times they will exit credit/court protection before this year.
Glta
$SRSCQ$

[OTC Scam Hunter]

$SRSCQ $0.050 bottom? $0.010 bottom? Who knows, looks like an MM walkdown to me. Don't touch until verification of bottom and reversal.

[OTC Scam Hunter]

$SRSCQ - wonder where new bottom is? Should be close. jmo

[hondaboost]

SRSCQ, 0.12, moving. High: $2.97 before delisted from NASDAQ.

[Lone Wolf]

Up beautifully!!...now that it's trading again. LoL. Telling folks...acquisition coming!!

$SRSCQ

[jokerwild477]

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

[Renee]

SRSC changed to SRSCQ. Delisted from the NYSE to the OTC:

http://otce.finra.org/DLAdditions

[jokerwild477]

they took this thing off the face of the earth

[jokerwild477]

normally when I see the chart poster,I will get in and out,,,,thought i was buying the drop before the bounce,,maybe when it resumesd trading I can jump ship..

[Emptyhead]

Its Called Short a Covering Run and then ReShorted but the same crews. You know who I mean ;)

[Emptyhead]

What Knuckleheads were Pumping this one ? Lol...

[jokerwild477]

was hoping for a bounce friday for exit,,we know how that turned out...

[Lone Wolf]

Yes...its delisted to the OTC. Might want to watch what it does once am trading is underway. Between now and the 30 days from June 28th, something 'afoot' will get announced. Gotta 'read the tea leaves' though...and try and get a decent grab.

[jokerwild477]

yea,im in, bought in at .80 on the pull back friday.can it still trade on the OTC most do when delisted from nas

[alchemytrader]

delisted actually. not in. im sorry if you are

[jokerwild477]

is it halted

[alchemytrader]

i mean crappers that run out of no where, shitty balance sheets. never ran before.

They are no FNMA

[TheFinalCD]

gm, could you please explain no names?

[alchemytrader]

Never get greedy on the no names. Taking profits is always a good idea.

[Lone Wolf]

company already affirmed they are not selling all assets and they requested a 30-day stay of court proceedings, which was granted. Looks like that may have triggered the run...as the implications is highlighted below. Traded as low as .66 in the AH...hoping there might be a few of those left.

"I wouldn't count an acquisition out," Joshua Rodriguez, founder and CEO of CNA Finance told TheStreet in an email on Friday, June 30. "I've seen this quite a bit in the market. A company struggles to find footing after years of upset, files for bankruptcy, then is scooped up by a big player in its industry for pennies on the dollar. We know that retail acquisitions are the hot ticket right now, think about the recent Amazon.com Inc. (AMZN) , Whole Foods Market Inc. (WFM) deal. Sears Canada may be the next big acquisition news."

[Lone Wolf]

You ain't kidding. Great trading stock when hit by volume it seems. On watch as this might be in play again. The Street had a piece out late Friday hinting at a potential buy-out.

Curious if that prompted the buying to begin with.

[BoilerRoom]

Nice play here

[TheFinalCD]

from freakin .58 to $1.84

then delisting PR & Filings after hours

UNREAL how this market works sometymes


just UNREAL

[Lone Wolf]

Damn...scratch that last post. Mia-reading chit! It's Friday so time for some drinking!!

[Lone Wolf]

Maybe scratch that. News just hit. Looks like it gonna trade in Canada now under SCC.T

[Lone Wolf]

LoL. Peeps buying the shares to celebrate?

Wondering if the parent company plans on taking their Canadian division private. They're delisting from the Toronto Exchange. Worth watching again here on Monday.

[ClayTrader]

* * $SRSC Video Chart 06-30-17 * *

Link to Video - click here to watch the technical chart video

[stocksthatpop]

You should get your eyes checked out buddy

[ice1234]

STRONG BUY -All indicators pointing out institutional investors loading up in 13 minutes till closing . I see $1.50 closing

[Trademon]

Kicking myself hard was here@ .61 yesterday haha congrats to all that held!

[Tdash]

didn't expect this type of move. Last I heard they were bankrupt

[stockdawg44]

weeeeeee, i drank the punch, made a nice kitty for a friday/pre holiday....party on....

[crudeoil24]

Halted again! What a beast!

[europtiger]

Booom

I am Not in... but Could b a big Runner

[madras50]

83% insider ownership. is that right?

[UP Trend]

Sears party for Canada Day 150 year celebration

[Lone Wolf]

Think I'll join you fellas. Kicking myself for not doing so earlier cause of the low volume. :(

[TheFinalCD]

HALTED AGAIN....

[Mean Weimaraner]

:)

[stockdawg44]

weeeeeeeeeeeeeeeeeeeee, SRSC in $1.00, 1.05

[Awl416]

Another halt

[TheFinalCD]

SRSC $1.55 WOAAAAAAAAH

[Mean Weimaraner]

Nice move today

[Chance]

heading back up to the fifty day

[diligentcpa]

I love Sears. Back in the day I know Woolworth's had the packs of 1986-87 Fleer basketball cards. Wish I had not of missed out on them.

[Donis]

http://www.theglobeandmail.com/report-on-business/sears-races-to-close-more-stores-amid-cost-cutting-efforts/article28365748/