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“Lampert and his hedge fund, ESL Investments, moved to keep Sears alive earlier this month by buying it out of bankruptcy and giving it a new corporate parent. His $5.2 billion proposal cleared one hurdle Jan. 16, and will likely be formally green-lit in court on Monday.”
https://www.bloomberg.com/news/articles/2019-01-31/eddie-lampert-has-just-become-a-2020-presidential-campaign-issue
Where is table 9? I only see tables 1/2. Maybe the form on here isn’t complete?
KABOOM BOYAAAA BEEN BUYING IN 30,40,50 CENTS...SWEET BABY JESUS. ..LOL..JMO
I'm sorry to say you have no idea what you talking about many will figure it out too late will miss making it bucks it is ok we do not have to baby spin feed them you on your own make decision that fits you :)
Can this become also a lawsuit play?
It comes out of bankruptcy and Lambert gets sued.
This will get us more value?
GIANT Retailer w/STOCK still HERE
Up we go today! It is clearly a done deal. The new filing proves we live on! This is awesome! Go SHLD!!!!
Eddie gonna wipe himself out. That's the common thing to do? Lmao
The greatest comback story.. 5.2 billion
Wait until real investors wake up this morning and see it. Bet they and the market disagree with your uncalculated assessment.
So next Monday through Wednesday (if needed), is more than just a formality, as some have said here. There's actually a battle and this article makes it sound like it could go either way. Winning the bid was just half of it. I'm still leaning towards saving jobs and stores vs creditors. IMO GLTA
Is Eddie Lampert set to 'steal' Kenmore brand? Courtroom clash will decide fate of Sears
https://www.usatoday.com/story/money/2019/01/31/sears-holdings-eddie-lampert-bankruptcy-pensions-pbgc-esl/2708768002/?utm_source=feedblitz&utm_medium=FeedBlitzRss&utm_campaign=usatodaycommoney-topstories
I get it LionWarrior and when you work in a company that is stock driven. Our CEO took only 50K salary and rest was paid in equity you understand and he is transparent in the stock sales. Here we have a billionaire liquidating 7.9 Million dollars worth of stock for a reason not known to us. In my opinion as a man worth north of 1.6 Billion and runs a firm ESL that has 2 Billion in AUM. He could of found the 8 Million dollars elsewhere and did not have to dump the stock. Lampert has not been transparent at all and I am hoping the judge makes him agree in contract to whatever protections they come to agreement in for the employees. This action really troubles me that the employees are going to get screwed over royally.
Im waiting for bux to explain it to you. It actually is a good thing but since some people are choosing to read only bits and trying to talk bad about it I just want to see what they say. You obviously do not get it either. Lol this is hilarious
Legal fees maybe?
LionWarrior explain to me your reasoning that he still owns 32,348,223 shares after the transaction valued at $220 Million Dollars.
It does not deny the fact he dumped 7.9 million dollars of shares the other day. I don't want any excuse that they needed the money for operating costs or day to day business. He is a billionaire.
Come on... explain it to everyone. Tell us what that whole section means. I'm waiting. :)
Also read what table 5 means and then what the letter d really means
Please go ahead and read what table 9 means. Please tell everyone here since you still do not seem to get it....
I want the truth on this board not what people want to hear. Logged into my brokerage account and pulled up the Form 4. Transaction Code S means open market or private sale. Table II column 5 clearly shows the following:
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
D for Disposed has the following amounts 5,491,573.33 and 2,508,426.67
My old CEO would fill out a Form 4 when selling his options and I validated the same box was checked so this is a sale of shares.
An insider is defined as any officer and/or beneficial owner who is buying or selling their company's stock is required to file a Form 4.
General Transaction Codes
P—Open market or private purchase of non-derivative or derivative security
S—Open market or private sale of non-derivative or derivative security
It clearly shows he sold these shares for 7.9 Million dollars.
OMG today might be the last day to get in, before it's at $1
What no link or message comment what news are you breaking?
No reason this stock is not trading in dollars range now!
$5,200,000,000 buyout / 109,200,000 shares = $47.61/share
LOLOLOLOLOLOL table II look at 5. and look down at that D then look at what it means sorry to break the news.
Looking forward to this morning.SHLDQ
Sorry but your trash talking "pal" had 0 cred.....
SHLDQ
Still kudos to you clearrd it bro :)
I think it was an honest mistake. I thought the same thing at first until I looked further. Almost had a heart attack, lol.
Short sellers have no legs to stand anymore zip zap up today
MORTIMER!!!! Where Back..,,,!!!!! Oooooo Yessss
Its a done deal. Tomorrow is just formalities. Shorts can write whatever articles they want. Its clear the judge is going to sign off
Thanks for clearing the BS touted by shorts that he disposed his shares when it was actually direct ownership.
How steep can someone go we are good to go common survives :)
Very interesting. On this form, the Q is removed from the ticker. Preparation for exiting bankruptcy?????????
https://www.streetinsider.com/SEC+Filings/Form+4+SEARS+HOLDINGS+CORP+For%3A+Jan+28+Filed+by%3A+ESL+INVESTMENTS%2C+INC./15059989.html
That sounds reasonable to me.
Nope it was a sell read it again PAL!!!!
Just fyi they have a key that explains what everything means if you for some reason dont get it.
You will... I dont think the Q will off for a while.
Idk I might still have time to buy tomorrow let’s see.
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) <——————RIGHT THERE PAL!!No, look down
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D)Right there pal ;) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Second Lien Term Loan (8) 1/28/2019 S $5491573.33 3/20/2018 7/20/2020 Common Stock, par value $0.01 per share 44090532 (9) (10) $220452658.95 (9) I See Footnotes (1) (2) (3) (4) (11)
Second Lien Term Loan (8) 1/28/2019 S $2508426.67 3/20/2018
Wrong block. It's direct ownership.
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) <——————RIGHT THERE PAL!!
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Second Lien Term Loan (8) 1/28/2019 S $5491573.33 3/20/2018 7/20/2020 Common Stock, par value $0.01 per share 44090532 (9) (10) $220452658.95 (9) I See Footnotes (1) (2) (3) (4) (11)
Second Lien Term Loan (8) 1/28/2019 S $2508426.67 3/20/2018
From Bloomberg article:
Lampert and his hedge fund, ESL Investments, moved to keep Sears alive earlier this month by buying it out of bankruptcy and giving it a new corporate parent. His $5.2 billion proposal cleared one hurdle Jan. 16, and will likely be formally green-lit in court on Monday.
https://www.bloomberg.com/news/articles/2019-01-31/eddie-lampert-has-just-become-a-2020-presidential-campaign-issue?srnd=markets-vp
The D is for direct ownership
I knew something big was coming
:)
Lol it’s a disposal of shares I don’t feel bad now ! LOOK AT THE D !
USA Today headlines US aims to block Sears deal, liquidation possible. Meeting Monday and possibly last until Wednesday.
Form 4 SEARS HOLDINGS CORP For: Jan 28 Filed by: ESL INVESTMENTS, INC.
https://www.streetinsider.com/SEC+Filings/Form+4+SEARS+HOLDINGS+CORP+For%3A+Jan+28+Filed+by%3A+ESL+INVESTMENTS%2C+INC./15059989.html
He's an issue cause he should be president have you met the guy you currently gave the job too lol
Here is an interesting article. If I am reading this right, it almost sounds like they are saying Lampert has already won? Why would he be an issue for 2020 midterm elections if he lost? Is there more info out there that just hasn't been released yet?
https://www.bloomberg.com/news/articles/2019-01-31/eddie-lampert-has-just-become-a-2020-presidential-campaign-issue?srnd=markets-vp
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