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There's a lesson on being "that guy" and how a bad exit strategy can mess with everybody. Glad it seems to be short lived
The Buyer will assume over one hundred dark properties that it plans to sell after closing, which should generate over $100 million.
Seventy or eighty of these properties serve as collateral for outstanding real estate loans. Kamlani Dep. 112:22-113:8.
The Business Plan indicates the Buyer will monetize additional real estate assets, for a total of $600 million in anticipated real estate sales over three years. Kamlani Ex. A.
The creditors protests will dip the stock the when the dust settles and judge Drain sides with Eddie (DOLLAR LAND BABY!!!)
what news? links please.
For sure,"time is on my side"....oops, Keith Richards doesn't look like time took care of him.
One might not know that the BK judge might be telling us shareholders good news...SHLDQ
Chuckles and giggles are my thing.
Time is on my side.
Care to put that DD to the test....SHLDQ
You did provide some chuckles selling, can't wait for more giggles...
SHLDQ
I bet the front loaders of this pump and dump are selling today.
The negative news currently out weights the positive for now.
also from docket 2379:
Thus, while it is impossible to predict the future and while no business plan can prescribe everything that will happen in the years to come, ESL has every reason to believe that the Buyer will thrive, for investors, creditors, associates, and other counterparts. It is willing to invest its funds and its senior secured debt to obtain that result
Only a fool would sell on a day like today
No need to be mean we’re all here to make money to each there own right. And yes I’m long
Not only did he sell he sold at market...what an idiot amatuer...
Climbing back up after some dummy sold
Good luck on that one...not exactly a seasoned trader...could of sold so much higher good luck chasing...
Thanks CAPT
Belly up way to early ! .01 weeeeee$
Ill buy back on a good dip
between .6146 -.57
Seemed like a market to me and a great opportunity for those waiting to snatch them up IMO.
Cool, good luck. Next.
I just sold my 130,000 shares
100% I said same this morning, writing on the wall. Liquidation makes the rich richer and hurts working class. Both mentioned have leases in place that are paid, they have agreements and will benefit more if they can break them. ESL will win this
powerful footnote in docket 2379:
Certain members of the UCC stand to benefit immensely from a liquidation. For example, in his October 25, 2018 earnings call, David Simon, Chairman and Chief Executive Officer of UCC co-chair Simon Property Group (“Simon”) stated, “we are going to be able to make money on [Sears’ bankruptcy]” and explained Simon’s intention that Sears’ Stores be “torn down, redeveloped [and] re-leased.” See Weaver Decl. Ex. 3 (Q3 2018 Simon Property Group Inc. Earnings Call – Final, at 4 (Oct. 25, 2018)).
Similarly, in an October 30, 2018 earnings call, James M. Taylor, Chief Executive Officer of UCC member Brixmor Property (“Brixmor”), announced Brixmor’s plan to “capitalize[] quickly on th[e] opportunity” created by Sears’ bankruptcy to evict Sears and “meaningfully upgrade [its] centers.” See Weaver Decl. Ex. 4 Q3 2018 Brixmor Property Group Inc. Earnings Call – Final, at 4 (Oct. 30, 2018)).
It is obvious that, despite the harm liquidation would cause to the estates and their varied stakeholders, members of the UCC have only ever been concerned with their own narrow and self-interested financial goals.
Glad I hit the Ask at .60!
also from docket 2379:
Summary Proceeding; not Mini-Trial on the Merits
o The Sale Hearing is a summary proceeding to review the business
judgment of the Debtors, acting through the independent and separatelyrepresented Restructuring Committee, to accept the ESL Bid.
o The Sale Hearing is not a mini-trial on the merits of each and every
allegation made in the UCC’s 139-page publicity-seeking Objection,
which restates—virtually word for word—the UCC’s motion for standing
to pursue claims against ESL.
Arguments being made by esl at the sale hearing today from docket 2379:
In considering the ESL Bid, particularly in light of the UCC’s constant
misdirection, it is critically important that focus is maintained on what is—and what is not—at
issue in the Sale Hearing.
• Section 363 Sale; not Section 1129 Plan
o The ESL Bid is a proposal to acquire substantially all of Sears’ operating
assets pursuant to a sale under section 363 of the Bankruptcy Code.
o The ESL Bid is not a plan of reorganization under section 1129 of the
Bankruptcy Code.
• Highest/Best; not Administrative Solvency
o The Sale Hearing is about whether the ESL Bid is the highest or best bid
received by the Debtors and will provide the Debtors with more value than
any other alternative, including liquidation.
o The Sale Hearing is not about whether the Debtors will or will not be
administratively solvent after closing—even though that is highly likely.
• Adequate Assurance; not Buyer’s Viability
o The ESL Bid should be reviewed for its ability to provide adequate
assurance of future performance to contractual counterparties.
o The Sale Hearing is not a contested confirmation hearing about the
wholesale viability of Buyer or its business plan.
• Rule 9019 Settlement of Limited Claims; not Assessment of Unreleased Claims
o The ESL Bid requires the release of equitable subordination,
recharacterization, and disallowance claims against ESL to permit credit
bidding, which release is subject to the business judgment standards of
Bankruptcy Rule 9019.
o The ESL Bid specifically preserves other claims, and the Sale Hearing is
not the forum to assess any of the unsubstantiated claims in the UCC’s
Objection that attempt to poison the well for future litigation by walking
through the merits of the unreleased claims (all of which ESL vigorously
disputes).
Sure seems that way doesn't it. They're running out of time to cover. This could get very interesting IMO
Short interest was at 12Mil last week so this should tell everyone something. they're slowly trying to cover imo
Short Interest (Shares Short)
10,345,300
Short Interest Ratio (Days To Cover)
0.6
Short Percent of Float
%
Short % Increase / Decrease
1 %
Short Interest (Shares Short) - Prior
10,202,100
shortsqueeze.com/?symbol=shldq&submit=Short+Quote%E2%84%A2
44k bid moved up 1/4 cent to get his filled
linda,
this from page 14 of docket #2379 filed this morning:
30. ESL holds approximately $2.4 billion of senior secured debt of Sears.
In the Buyer’s capital structure, more than $1.3 billion of this debt will be converted into equity.
ESL is investing over $300 million in cash to facilitate its credit bid, including buying out other senior debt holders under the IP/Ground Lease, the FILO Facility, the Real Estate Loan 2020 and the Sparrow mortgage debt. Furthermore, ESL will be extending substantial long-term credit to New Sears, including a minimum of $106 million of the New Letter of Credit Facility and $87.5 million as part of the three-year Real Estate Loan. ESL therefore has much to lose if the Buyer’s go forward business plan is not successful.
____________________________________________________________________
notice reference by esl to "New Sears"
I think we wait. Wednesday or Friday at least
Is news coming today or do we wait for friday?
Nothing! There is someone waiting to get his 166k shares order filled.
give me a 1 min head start please
I have 130,000 shares in shldq if i sold now what would happen to the stock price?
my gut is telling me a squeeze is coming.. but i have no L2 access just gut.
Once this hits $1, there will be a huge amount of investors to come in.
BUCKLE UP SHLD(Q)!
SP
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