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Feb 4th date will be big NO to Lampert!
Seems Feds are real upset with him now too:
The planned sale of Sears Holdings Corp. to its chairman, Edward Lampert, is under fire from the U.S. government's pension insurer over a $1.7 billion funding gap that the agency says should sink his efforts to buy out the chain.
The Pension Benefit Guaranty Corp. filed papers Saturday in U.S. Bankruptcy Court in White Plains, N.Y., in opposition to Mr. Lampert's proposed $5.2 billion bid to purchase about 400 Sears and Kmart locations out of bankruptcy. The filing adds an influential voice to the growing chorus of creditors who are unhappy with Mr. Lampert's offer and would rather liquidate the company.
As the federal backstop for private retirement plans, the PBGC often takes over underfunded pension plans when their sponsors go under. It said on Jan. 18 it would assume responsibility for a pair of Sears defined-benefit pension plans, which cover 90,000 people and are 64% funded. Because the PBGC will make up the difference, it is the largest single unsecured creditor of Sears.
The PBGC acts as a safety net for private retirement plans and receives no taxpayer funding, financing itself with insurance premiums paid by pension funds.
The PBGC anticipated years ago that Sears could file for bankruptcy and stick the agency with a big bill. To protect itself, the PBGC obtained an interest in the company's Kenmore and DieHard trademarks.
The proposed sale to Mr. Lampert's hedge fund, ESL Investments, would sever the PBGC's interests in those brands and the royalty payments they produce, according to the filing. The agency said the hedge fund's proposal would "seize control" of the trademark licenses, freeing them up for use by Mr. Lampert after the deal closes.
"This architecture violates the bankruptcy code, and as a result, the proposed sale cannot be approved," the PBGC said.
Lmao now common sense tell you c9mmons survive now it gonna dilute. Lol
Does it not make sense that the company would dilute prior to filing a Chapter11??? Do you understand how the process works at all?
The reason that Sears went down that path is because they bought back shares with profits and earnings. The number of outstanding shares is currently only 109 million!! They bought back shares! There is absolutely no dilution and there will be absolutely no dilution!
Please provide the link to that. I don't see anything about dilution. Looks like us longs are set here!!! Looking good!
Huge Dilution coming if commons somehow manage to survive.
Volume for the entire day was 1,639,614 (kinda light).
I'm out...see y'all tomorrow.
SP
i wonder how much they sold before stop losses kicked in and how much they got in exchange in buy back.
I totally agree between taking the stops allowing shorts to cover down at lower price , and manipulation with big spreads.
our time cometh soon
Yup, SHLD is a multi bagger, rinse and repeat as this drama unfolds
got some today myself
LMFAO. .. HEY, I GOT ME SOME MORE NOT COMPLAINING HERE...JMO
Call it what ever you choose. I feel it was the largest Money Manipulator's (MM's) S SHOW that I've seen in quite sometime.
SHLD(Q) will have its day soon enough
SP
All I know is I excitedly bought some more cheapies today!!!! Very very happy
NO matter what SHLDQ goes up, and a lot. SHLDQ will continue to trade for a while. Paper trade for many reasons. Most likely go to 10 bucks per before new shares are issued, and the old cancelled.
Make $$$ be smart.
I think mms mad cause this small walk down didn't work!!! Lol. Bet they were hoping to scare more people
No pump, just reality billions of $$$$$ Will be pumped into this company. ..like or not .... jmo
What is up with this, one minute a 100k shares on L2 the next its back to normal.
Hopefully. its the creditors saying SCREW IT!!
They set this shake down up for a reason. Mms definitely know something bigs coming!
Added another 5K myself just now
I think somethings going to leak out after hours or tomorrow!
Thanks for the tip!
I grabbed some .46s for fun.
Who on Earth sets stop loss on penny stocks?! When these people get home and see they were forced out thier shares, they will be in regret.
Thank you MMs!!!!! Much appreciated! Go SHLD!!!!!! Can't wait!!!!!
Couldnt help it! Had to pick up a few more!!!!! This is great!!!!!
LOL SOBAR, So anyone in SHLDQ just “deeply researched” yesterday? SHLDQ is a q stock. Takes no deep research to flip a distressed stock. But then, that’s what I did here. Waiting for the next entry and exit points.
Those who deeply researched this left yesterday. For me, it's fun to watch the inevitable.
Was that your 22k order? Nice!
I got order at 46... let me know if you want me to hit the 47’s. I’ll
I got some boys that might get in @ Power Hour, but we'll see.
NEXT WEEK COMMONS WILL RIP TO A MUCH HIGHER PPS.. SHLDQ
Thanks for the cheapies.. I loaded 10k at 46 and still got order of 3250 at 46
LETS MOVE UP!!
And can we keep this at solid pennies and not this candy ass tenths crap?
SP
1.2 mil volume? That is not a sell off. Thats clear manipulation
Da Truth will set you free but it may also likely set you back a few dollars along the way ;)
SHLDQ is going lower.
That's TRUE "IF" it is followed by a QUICK RECOVERY. Otherwise would see the move as a LEGITIMATE REAL SELL OFF. A close below .45 IMO would verify that. GLAD I got out at .81
HAHAHA! Agreed! NY Times? NO! Washington Post? NO! Borderline National Enquirer with a confusing name? YES! YES!! YES!!!
FAKE NEWS!!! GO $SHLDQ!!! GLTA!!!
Trading with blinders on must be hard. I could never do it .
SHLDQ target $.30 and below ;)
This is what I see without wearing blinders.
Bids getting stacked... shorts need to pay for these share. Move that ask to 50 cents
Sweet...I got more cheap price shares, will flip in dollarland. ..just my take only and opinions
Sell Sell Sell to make it look bad
Getting desperate spend, spend, spend
Off course the creditors don't like Eddies plan, but they are not the judge and he is going to save 50000 jobs. But thanks NY post, I bought more on the dip.
NY Post is 100% FAKE News
Just lost trying to make it look bad
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