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Docs really moving today, getting ready $$$$
https://restructuring.primeclerk.com/sears/Home-DocketInfo
$SHLDQ
After close 8K will gap SHLDQ over .70 on Monday
2344
Declaration of Sunny Singh in Support of the Going Concern Sale Transaction (related document(s)2332) filed by Sunny Singh on behalf of Sears Holdings Corporation.
MMs running the show right now
why are we stuck .55 56k shares ask 5000 .5599 MM again holding this from moving I cannot wait to get of the pink sheets shitz
revenue share with Citi on finance services..
Does anybody know a link where I can follow the results of the court case?
No rally yet no news.many here early said news will be today.?
No, its the attornies scrambling to be heard AFTER they missed the January 26th deadline.
Im sure they'll cite bad weather, solar CME's affecting their fax machines, civil unrest in Venezuela anything to get their late claim before the Judge.
Hahahahaha
Drain doesnt screw around, when he says x y z he means X Y Z
what docket # please 2336 or 2337
YUP! Page 27
DRAFT Preliminary Business Plan upon Exiting Cap 11 protections
T minus 3 and counting
They can't hold it back forever! The squeeze will come.
"Filled with objections"
Isn't that a bad thing for us? lol
YEEEEEEEEE HAWWWWWWWW!!!!
Judge Drains docket is FILLED with Objections as they've missed the January 26th deadline.
Next week is looking
SWEET!!!!!!
3 mm`s at .57......but that's just what they want us to see..64k @.57........$$$$$$$$$$$$$$$$ SEARS $$$$$$$$$...glta
As of 2:29PM...
.5699 = 23,700
.57 = 50,000 & 8,300 & 6,111
Power hour cover? Time is approaching IMO
$SHLDQ
Anybody got level 2 on how big the .57 wall is?
Highly Doubtful ;)
Are any of you watching this:
https://restructuring.primeclerk.com/sears/Home-DocketInfo
Just left the bushes. Prepare your moon thrusters, guys!
Linda1 Have you looked at docket #2336 yet?
Agreed, $SHLD @ $47.50 its called
Winner Winner Chicken Dinner
IMHO unless they are held in a margin acct and there is a margin balance on that acct!
BUT cash accts yes they have to have your permission
Extremely undervalued at $5/share even
It also shows that the parties involved [1] footnotes have an option to buy shares for $5.00 bucks a piece or as they worded it
200 shares for $1000.00
There are a variety of things that can happen and until we see the plan we wont know exactly. However when this all started there was verbiage that shares of "Newco" would be issued. Now Newco has been replaced with Holdco. There have been several talkings amongst Lampert and Sears .... so at this point its just a matter of waiting to see the plan. At any rate commons will survive IMO whether they be SHLDQ or Holdco.
If you mean that the Commons will survive as
either SHLDQ or Holdco Stock I agree.
thelionwarrior, now that is a LARGE STYLE BINGO!
I agree - I think just as Holdco Commons.
I think the Debt was converted to Common Shares
due to that the Creditors are also to receive Holdco
Commons and so Lampert/ESL need to increase
his/ESL’s common shares to maintain majority interest.
I am confident it will all work out. :)
Not necessarily.
If Lampert/ESL intend to issue Holdco Commons to both
creditors and common shareholders then he will likely
have to increase his/ESL’s common shares in order to
keep a majority shareholder interest in Holdco.
Sorry second thing it confirms is the judge is signing the deal with Lampert. I mentions stocks surviving twice by accident
Correct. The s shows sale. D shows disposition and is defined as Sale (or disposition) back to the issuer of the securities" :) this was all part of the deal so it basically confirms two things. 1 stocks survive. 2 shares will still be around after all is said and done. :)))
linda1, that is my understanding this is a conversion by selling derivatives which convert into SHLDQ common stock.
To me, this is just another very clear indication that SHLDQ common stock survives even though it may be exchanged into a NewCo issue. Yeah!!!
Question; what's the upside to Sears if the company is bleeding money? Also, where's the upside if sale is allowed and the assets are sold anyway? We're at .50, does it reach 1, 2, 13, or go right back to
.10
Sorry - I do not have PM.
What has been the conclusion on the Form 4
filed? It looks to me like a conversion of some
Debt into common shares?
MM's waiting on news or what. very thin to .57
This should be smacked up to that level, easily.
MM's SUUUUCK
No! This is not self-dealing. As I said sears was declining because of the 5 Billion dollar stock buy back. Selling real-estate and closing stores is common practice in retail to cut losses. And Lampert offered the best price to buy that real-estate. IMO no one can prove foul play in that. Lampert is winning the bid. I am betting my all on that.
He sold the real-estate to Seritage, his own firm. I see common sense in that. Why let other make money out of your losses
Couple days till Sears emerges and fools disappear finally...
All anyone needs to think about is if Monday is a GO for Lampert to take the reigns as directed by the Judge.
Here comes da judge
Timberrrr )))))) eom
This is really important. What I am about to share should remove any doubt ESL winning the court's approval.
Since I have been on this iHub board and other boards like Yahoo, I have seen people calling ESL's dealings with Sears a scam and Eddie Lampert a scamster. I think the story that you are being told is not true.
I am going to present the fine points based a recent interview of the EX-CEO of sears along with my own research.
1. Eddie Lampert was touted as a whizkid, the next Warren Buffet etc. He made some bad decisions with Sears but you have to accept that he is a very very smart guy. Now coming to wether he is the bad guy.
2. Eddie Lampert owned Kmart before he acquired sears. While Kmart was acquired for its real-estate, the same was not true for the Kmart-Sears combine. Eddie wanted Sears to succeed and had a vision.
3. Soon after the acquisition, he bought back Sears stock worth 5 Billion Dollars. While it certainly was a bad decision on Lampert’s part, it does prove that he believed in his vision of reviving sears. He did not just throw away 5 Billion dollars for nothing. He believed his plan will make the stock price go much higher. Sears never recovered from this. This is the real reason for Sears's decline and not some imaginary foul play.
4. When Sears continued to make losses, he had to close stores and it is a standard practice in retail. But he is a hedge fund manager and knows finance. He sold the real-estate to Seritage, his own firm. I see common sense in that. Why let other make money out of your losses. It was some smart hedging on his part. But people said it is a scam.
5. Talking about his vision for Sears, he has invested heavily in e-commerce. I think he understands the Amazon challenge and started investing in online part of the business very early. That is also a part of his future vision. To increase online footprint and have a smaller mall footprint. The combine can take on the online-heavy or real-estatel-heavy models. I think it is a winner.
6. Inspite of all the failures and criticism, Lampert has not abandoned his baby. He still believes in the future of sears and is fighting for it. Everyone else wants to tear it apart.
7. The creditors do not stand a chance in court. They have got nothing except false narratives that do not stand in court of law.
I want to conclude by saying that I want Sears to survive as much as I want to make money on my investment. Why should I want ill for someone/something. If you do not like this stock, do not invest or short it. But please do not spread lies. There is a person on the other side as real as you are.
Thanks.
If anything the longs o sorry I mean flippers are saying is true this would have really exploded already think about it. Also the last big run to .80 there was 10x the volume!
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