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20 or 80 isn't the issue. Money accumulated to trade the stocks is. I'm not 20 or 80 but SHLDQ is a great play multiple times for me so far. Not stopping until there nothing to squeeze of out their wallet into mine.
Now that's good stuff...Thanks DD!
SP
That must be why they call you DD, sir.
Thank you for the confirmation and putting that to rest. The scare tactics by some are in fact a ruse to get people to sell.
Institutional ownership reported at 70.74% on Jan 31, 2019
https://www.gurufocus.com/ownership/SHLDQ
according to sears and the pbgc, the maximum guaranteed pension benefit is $5,420.45 per month ($65,045.40 per year) for a worker who retires at age 65 with a single life annuity.
the maximum benefit will be reduced for an individual who begins receiving payments before age 65, and
the maximum benefit will also be reduced if a pension includes benefits for a survivor or other beneficiary.
while around 99% of those receiving benefits will not be impacted by sears termination of the plan and the pbgc taking them over.
pbgc does not guarantee:
benefits not vested when the plan terminates,
benefits if age, service, or other such requirements haven't been met,
increases and new benefits in place for less than one year,
early payments greater than those to be received at normal retirement age,
health insurance, life insurance, death benefits, vacation and severence,
pbgc generally does not pay lump sums exceeding $5,000
pbgc may recoup payments which exceed their guarantee
as usual, the upper tier, higher paid people will be more adversely impacted than mid to lower level employees.
doesn't seem like judge drain will have to deal with or be concerned about any severe impacts on pension issues.
ABSOLUTE FACT...SHE IS SHORT ON SHLDQ AND USING HER INFLUENCE TO TRY AND MANIPULATE A SECURITY..
short sellers will have their day tic tac and flippers will be out of the game leave longs with the big prize get ready shorts.
with all the selling nice close .5699 I take it ;)
My thoughts too. Thanks for sharing yours. Respectfully intuitive
Institutional ownership of SHLDQ:
https://twitter.com/jacksonjimm/status/1092876871853699072?s=21
All the more reasons Warren should be investigated with her insider trading inquiry on Sears.
https://www.foxnews.com/politics/class-warrior-elizabeth-warren-worth-millions-new-financial-records-show
Tomorrow it will go higher.
Personally I would like to be involved in the re-emergence of SEARS as a going concern.
ANd to a degree yes I do, since they could even with a premium buy us out but we really would not participate in what is apparently trying to be built here.
So what if they pay me $1 per shares and the true value over time would have been $500 so yep I'd love it to stay in tact
It will go lower tomorrow.things not looking so smooth.
The type of stocks that I look for are “monumentally troubled stocks”. Buy them low and sell them high. SHLDQ fits that profile. If I was in my 80’s, I wouldn’t be trading a “monumentally troubled stock” like SHLDQ. I’m not, I am buying heavily today. Thank you whoever is selling :)
here she goes up watch the close all the sellers will regret except the flippers pretty soon we will be done with the flippers when we go past a buck.
Thanks. do you have concern regarding this company being taken private? Thanks!
Long on Sears
SHLDQ $$$
Love watching monumentally troubled stocks when share price breaks out and people who were wise enough to play SHLDQ properly make money using only SHLDQ profits. What an easy way to work this stock.
WHALES!! Put this issue to bed already!!
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=SHLDQ
SP
SoBar Wrong. The report posted shows 67% dumped but that means 33% remains. SHLDQ isn't for everyone. Just those with the ability to trade correctly and make money with it.
I have 40K plus shares. Not very worried. This is the calm before the storm. Wait for it.
Relax I have 50k shares and I’m still here intact with all the 50k. Hope that makes you feel little better.
Wouldn’t lie my 35k shares are up for sale at 0.80. If they want today or tomorrow they can have it.
I'm doing you a favor. .just chillax I will sell it back to you but of course with a hefty profit....lol...jk..
I have a small position and have been waiting the run that has been talked about for days - sure seems like a lot of selling going on - I am concerned
First off, you’re wrong. Second, from the link that you provided:
Berkowitz, who once sat on the board of the ailing retailer, reported owning only 4,578,440 shares of SHLDQ
Are we seriously playing .0001 battle? C’mon get your A game out shorts. You ain’t getting cheap shares by bidding 0.0001 higher... SMH
SLHD has virtually no current institutional ownership outside-ESL. Those filings can be months old. Fairholme Capital Management Llc is Bruce Berkowitz's hedge fund and he dumped.
"Bruce Berkowitz Axes 67% of Sears Holdings Stake"
https://www.gurufocus.com/news/757288/bruce-berkowitz-axes-67-of-sears-holdings-stake
SHLDQ institutional ownership:
https://money.cnn.com/quote/quote.html?symb=SHLDQ
Well if you guys can keep it down I am buying more on payday Friday!!!
Dude let them sell... I care!!!..I want more shares, hey I'm not being greedy but will gladly sell back to them in the dollarland. ..it is what it is...lol...jmo
docket #2401
ORDER APPROVING THE REJECTION
OF UNEXPIRED LEASES OF NONRESIDENTIAL REAL PROPERTY
AND ABANDONMENT OF PROPERTY IN CONNECTION THEREWITH
signed by judge
Weak hand faint at heart selling such a shame you do not trade by emotions oh well drama should unfold Friday
Can you bring it to 45 cents..I need more shares ..don't worry I will sell it back in dollarland. ..sweet baby Jesus. ..jmo
Don't get sucked out of your shares
MM's and a few bullies out there or Wall street guru's I like to call them are trying to drop the pps fast and grab all your shares..
An out come is coming soon hold tight to your shares.
This is not moving in a northern direction. This surely may test .49 or .48 today which is not good.
Come on Sears, I need a new washer!
I promise, with my profit I will buy at a Sears store. Whirlpool or Kenmore. A good old fashioned American Product.
attention: docket# 2405
CONCLUSION
WHEREFORE, Greensboro requests that (i) if the Court approves the proposed sale of substantially all of the Debtors’ business assets to the Buyer, any order approving the sale incorporate the changes outlined in the Landlords’ Proposed Sale Order and (ii) grant to Greensboro such other and further relief as is just and appropriate.
Dated: February 5, 2019 MORRIS JAMES LLP
By: /s/ Stephen M. Miller
Stephen M. Miller (Admitted Pro Hac Vice)
Douglas N. Candeub
500 Delaware Ave., Suite 1500
Wilmington, DE 19801
Telephone: (302) 888-6800
Facsimile: (302) 571-1750
Email: smiller@morrisjames.com
Attorneys for Greensboro Lease
Management, L.L.C., through its Liquidating
Trustee, John H. Newcomer, Jr.
"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. "
________________________________________________
in the apa, the securities consideration is defined as: "debt or equity securities in buyer (to be clear, those would be securities issued by esl, not securities issues by shc which esl holds), in an amount and form to be determined by buyer in an amount and form reasonably acceptable to buyer, including as to subordination"
to answer your question, i would think if the securities consideration took the form of equity a number of things need to happen for that to occur. although the apa permitted buyer to be esl it also provided that buyer could be a designee of buyer. not sure esl has securities in its own name which seems to suggest that the name of the acquiring company will be something else for which transform holdco is now a placeholder.
if securities, then those securities would have to be applied for and presumably some type of prospectus would be issued. while i can see that a company would not want to actually issue more securities than it needed, that wouldn't prevent it from having a great deal more securities authorized although not issued.
that then begs a further question. if the buyer issues equity securities to the seller, what is the seller going to do with them? as you suggested and as shown in the verbiage around the diagram, it could sell them on the open market, or one might speculate, issue them to its existing shareholders (which would include giving the lions share back to esl)
based on an earlier post (long lost memory where it was sourced) in exchange for esl cancelling its $1.3 billion in debt which shc would otherwise have had to pay, esl said that debt was being exchanged for shares in holdco (esl's company). in order for esl to convert that debt to holdco shares, then more shares would have to be issued than the amount paid to shc as "securities consideration".
sorry, additional questions raised with no answers as of yet.
IMHO if the company is taken private the would need to be some sort of buyout of all current shareholders
If or when com's are taken private it is done to if you will imho get rid of LOWLY RETAIL shareholders and to make for far less reporting requirements as well as oversight by anyone.
And at the same time I am not sure if by taking it private that they can in fact maintain their NOL's
Seems to be some nice size buys going in, shorts or just folks adding!!
Still say we will be range bound around these numbers till we get some REAL confirmation as to what is taking place here exactly and how we shareholders will fare here.
Linda, if the company is taken private what are the likely potential conseguences in your opinion? Thanks.
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.
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