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It’s easy just use that phrase as your search terms on Google and it’ll find it even if it’s on Ihub.
Look at the form 4’s as well they’ll be a good place to start
With a bit of luck it will be a one for one swap.
What will this new holdco pps be?
“ after the esl bid is approved (hopefully) and the
transaction is closed, Transform Holdco (new sears)
will be off and running, “
This is why I think that any new Holdco Common
Shares to be issued to SHLDQ Stockholders has
to be included in the 363 Sale -
“ Securities Consideration “.
It doesn’t make any sense to me that Holdco will issue
new Common Shares outside of what is owed in the
363 Sale.
He asked me about the top 50 companies that owns shldq...if you also scan the previous news. Go through it at least weeks . . You will see the lists. ..okay..now get busy...jmo
Hardly any volume. This will go up later today or tomorrow.
I get where you are going with this. Doesn't the NOLs come into play here?
what news are you refering to?
Check the previous news, you will wow. ..one reason I load up more ..okay...get busy with your dd...jmo
linda,
good point about the credit bid, didn't pick up on that as you did.
when i downloaded that doc, it was 35kb which was 10 to 20 times larger than most anything else i have downloaded for this case
Do you have a link to top 50 buyers?
Sorry if you've already posted a link. I'm a newbie here and just trying to catch up on my DD.
linda,
as i said previously, my only experience in holding a bankrupt stock was general growth. i view what happened with general growth as a merger, more like what is shown as an example on those pages 85 and 86.
in this case, esl is purchasing various shc assets, hence an apa setting forth what is going on. i don't see any indication of any type of merger here.
discussions today about possibility of taking transform holdco "private" and then buying out minority shareholders. guess that could happen, just don't know.
again, my guess is that transform holdco, possibly under the name "new sears" will file a prospectus to issue shares in their company some of which, hopefully, will be exchanged for "old sears (currently shldq) shares.
in the ggp case, they filed for bk in april 2009. a prospectus for shares of "new ggp" was filed on 9/8/2010. the plan of reorg was approved on 10/21/2010.
this is where i have trouble reconciling things. in the ggp case, ggp filed for bk, there was a merger creating a new ggp, the old ggp filed a por describing the merger, the stock transaction, the composition of the new company etc and after the por was approved the new ggp was up and running.
in this case, there doesn't seem to be a merger going on. after the esl bid is approved (hopefully) and the transaction is closed, transform holdco (new sears) will be off and running, which would include the sale of the 100 dark stores which are part of the 425 store footprint.
left behind will be shc, still operating out of bk conducting its own gob sales and shedding the unwanted assets esl did not purchase.
so, does esl need to file a por since esl didn't file for bk?
or, does shc file a por describing the sale of its go forward business to esl, and either say it might try to reorganize around what's left (i don't see that possiblility) or at that time convert from a chapt 11 to a chapt 7 and liquidate?
if shc is left with the unwanted assets to sell after an esl sale is approved, out of whose basement do they operate to close things down?
does everything just get turned over to a trustee or does esl then "rent" space to whatever skeleton crew shc keeps on to go through the liquidation process?
i just can't figure out the mechanics of things after an esl bid approval.
i did make reference to a coming docket for some type of cooperation agreement between shc and esl if esl's bid is approved. that would probably answer a lot of these questions.
any thoughts?
the KMART bk....years ago, hangs over sears like a dark cloud......it is a fact that in chpt 7 everyone gets wiped out, and in chpt 11 a lot get a chicken sandwich,and a few cents on the dollar....most of the time the commons are retired......this is not "most of the times"....the creditors stand to make out much better with sears to continue, vs liquidation....the malls want them out, because their long term leases have them paying about a third per sq/ft over their other tenants....a great retail ceo, and marketing team can MAKE SEARS GREAT AGAIN!
the judge doesn`t want to put 50,000 people out of work.....the re-org plan works for everyone, and I`m confident the judge will rule in favor of keeping the doors open for business at SEARS
$$$$$$$$$$$$$$$$ sears $$$$$$$$$$$$$$$$....GLTA
Go shopping on Saturday that’s my advice and hold long will be great fir us who believe
BILLIONS INVOLVED HERE... DID U READ THE TOP 50 COMPANIES THAT BEEN LOADING UP,WOW!!!!..ALSO INSIDERS BUYING !!!#HMMMM.. GOOD ENOUGH CLUE FOR ME TO LOAD UP TOO...JUST MY OPINION ONLY
We will hold at .60 today thanks to the shorties but that’s ok as it gives us time to load up before COB. See it go green shortly
We will hold .60 before COB today
Hope it soars. Not sure it's going to do anything other than this for a while regardless of drain signing off imo.
KABOOM BOYAAAA DECISIONS THIS WEEK...JUDGE DRAIN IS DA MAN!!!!...JMO
Why would Lampert buy our shares if he plans on going private with the company. Just asking.
Well let’s talk Friday ~ I’m always up for a post chat ~ lcbm68
Yes after watching on the sidelines the past two days we are back in ~ watch it move up before the bell rings
If Lampert is willing to pay $47 per share for the commons, I wonder how much he would pay to purchase our shares?
Wired perhaps to some but not to us ~ we are in big and still picking up these lows
Means going up like a German tank ~ up up and up ~ this is a long awaited dream come true for us longs
Tough to make money when it is not behaving in character with other OTC/Pink Slips. This literally has a weird trading pattern.
What does "tanking towards" mean?
Anyone else loading at these levels ?
Today and tomorrow are the last two days to make any real money this quarter. Believe me when I say you will be kicking yourselves in Friday when this stock will be tanking towards. There is no science behind the market strategy which is on its way and we are delighted to be a part of it. This is real money and don’t let anyone fool you or scare you. It’s cash in the bank on Friday. Don’t lose your dream ~ Lcbm68
SHLDQ isn’t for novices. Good choice for many not to trade it. Reading SEC data doesn’t help at all for those who don’t trade. But SHLDQ makes smart traders money.
No doubt about what your saying but the fact remains and mark my words, that in Thursday and Friday we will see well over 50 million trades. Lcbm68
Why did Lampert's lawyer state this in court??
Time to move this over .60
Pftt...All the logs can get in the fire, just like the creditors, momentarily.
Ok - I do agree that Holdco will receive some of the
Tax Attributes but not all.
I respectfully disagree that PG 85 is referring to
a NEWCO formed by the Debtors, simply because
the Sale Price includes a Credit Bid of Loans - which fits
ESL’s Credit Bid of $ 1.3 B.
Since the 363 Sale is yet to be approved it is not
clear if some the Debtors’ Statements we are discussing
are referring to post an Approval or Disapproval of the
363 Sale.
I haven’t reviewed Docket 2344 yet. I have been having
difficulty loading some of the Documents on the Docket.
I will try now.
PS: My I-Pad is stuck on “ loading “ Docket 2344 - I
wonder if its 16 gb capacity is an issue?
Been reading SEC cases almost daily for 20+ years and never once saw a mention of MM signals which would be illegal collusion. How is it only Slobbering Penny Addicts know all about them?
This is why I don't have credit cards. They are blood sucking leeches, the lot of 'em.
SP
If commons get wiped out can they issue new set of shares and then you buy. Also going forward sears might not survive
where did the "going private" conversation come from? a post from here or a statment from esl, sear or lambert? or a news artical.
Looks like a bear trap now.dip coming
The quote of the lawyer sounded to me as being the planned scenario.
That is the worst case scenario. Worst case scenario is that the company goes private and shares not held by Lampert are purchased by ESL at a premium.
Why stating the plan to take the company private NOW?
Thank you for the clarification.
If you think that SHLDQ Common Shares will be
exchanged for new ESL/Holdco Common Shares,
when is Holdco going to provide those Shares?
It will have no further obligation of payments to the
Debtors after the closing of the 363 Sale.
I used to think that the “ Securities Consideration “
included the new Holdco Common Shares to be
distributed to SHLDQ Shareholders. Now I am not
so sure since PG 85 states that the Debtors MAY
sell the NEWCO/HOLDCO Common Stock and Warrants,
however it reads like only in a Liquidation/Wind Down.
Good move.in the same boat.not giving my profits.
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