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Warren herself is wealthy and lives in a home valued at half a mil. From what I gather in her article... she is requesting insider information so she can line her own pockets by investing in Sears stock. I don't see how that is moral or legal. I'm sure she will find out his plan just like we all will. She probably already has shares here as well.
kinda fishy to me that Elizabeth Warren would put out a statement like that at this moment in time.
For momo players maybe. Don't worry clay will be back lol
NO ONE SELLING. IF YOU WANT SHARES YOU MUST HIT THE ASK
Super volcano explosion
LOL..ONLY 500K SHARES SOLD TODAY... THEY WILL HAVE TO COVER TOMORROW.. SHLDQ
Shorts are winning the battle as ppl are give away cheap shares... step up the games guys... we almost there 2 more business days. Make or break
They better...they've been given several days to do so.
SP
I HEAR MANY SHORTS ARE GOING TO COVER TOMORROW..SHOULD BE EPIC! SHLDQ
SHLD-She's not dogging the workers. Warren is calling out ESL for predatory practices. Her history is supporting workers not the 1/10th of 1%. That is a fact.
I have 40K shares and $17K invested in Sears so I'd like to see them succeed. Additional orders are in the system based on what transpires soon.
I bought them as Sears holds a special place with my family and I hate to see the company go under.
ESL like DT is in it for himself. That's why there is so much pushback to a deal that should fly through without all the prior baggage and personal morality concerns. He will use workers like DT uses American idiots to get what he wants which is more $$$ for himself. Enough is never enough.
Just want to keep it real.
CF
Sears confirmed earlier this month it had accepted a deal – which still needs to be approved in bankruptcy court – for more than $5 billion to keep more than 400 stores open, preventing potential liquidation proceedings. The deal would allow about 45,000 Sears employees to keep their jobs.
Let the shorts burn!
Good points! Agree 100%
Makes sense as to why theres so much fake news surrounding this ticker. Lol
Sears Once Sold Heroin
https://www.theatlantic.com/magazine/archive/2019/03/sears-roebuck-bayer-heroin/580441/
March 2019 issue???
Warren - not off to a good start for a run to 2020 IMO. By not supporting Ed/Sears' rescue plan and bashing it, she instead is ultimately supporting 40,000 jobs possibly being eliminated. To be fair, yes some have already lost their jobs due to the closures but what can be saved should be saved especially with that many jobs at stake. Way to go to, please don't run Warren.
I get it, Ed isn't the unicorn CEO but his rescue plan (and I will continue to preach this until Sears becomes a non-profit 501c3 or we banish capitalism) is what is appropriate to maximize current shareholder/stakeholder value. Biz 101.
Why shorts aren’t getting it.. no one is selling at these level.... let it go damn it
My understanding is that the buy out deal is for 450 stores, remaining stores, 300 would go under chapter 11 or 7 if they are gonna liquidate. Couldn't they use those assets to pay off all the creditors. All of the posts I have read never really touch on those remaining stores. just curious of anyone knows what's up with them.
Any idea when does the Q come off?
Maybe her Arch Enemy will make a statement about Sears emerging from Chapter 11 and saving over 40,000 US jobs
BAM!!
“We are pleased to have reached a deal that would provide a path for Sears to emerge from the chapter 11 process. Importantly, the consummation of the transaction would preserve employment for tens of thousands of associates, as well as the relationships with many vendors and suppliers who provide Sears with goods and services,” the restructuring committee of the board of directors said in the statement.”
Hmmm... Haven't heard much from the charismatic lawyer who's about to come out of retirement starting Monday
Anticipation. Hearing could last through Wednesday. Read here.
https://www.usatoday.com/story/money/2019/01/31/sears-holdings-eddie-lampert-bankruptcy-pensions-pbgc-esl/2708768002/
So what's tomorrow?
Feb 4th. Monday
Sears Holdings announced in a release Thursday
“We are pleased to have reached a deal that would provide a path for Sears to emerge from the chapter 11 process. Importantly, the consummation of the transaction would preserve employment for tens of thousands of associates, as well as the relationships with many vendors and suppliers who provide Sears with goods and services,” the restructuring committee of the board of directors said in the statement.
This was from January 18th, so not sure if the dates have changed since then.
"The $5.2 billion bid is subject to approval in bankruptcy court. The hearing is scheduled for Feb. 1. If the bid is approved, the transaction will close around Feb. 8."
https://www.daytondailynews.com/news/sears-fate-determined-next-month/6vUeB5BN5OYTmhyviRQ0iL/
So what’s tomorrow then? Formal hearing ?
Yes, and take up to Wednesday if needed.
"After the hearing, which may extend to Wednesday, Drain is expected to rule on whether Sears can sell itself or not."
I’m hearing it’s on Monday ?
Dollar land tmrw
K thanks
When is the court ruling date ?
yes rip and grind
whats with the spread make them pay for your shares if you must sell ;) early
Exactly, this form 4 is describing current events being put in place for FUTURE events. So when $SHLD is trading at $10.00-$20.00 a share the second lien people have an option like excersising a warrant to buy discounted COMMON shares of $SHLD for $5.00 bucks a share versus whatever the current sp is at the time.
Houston.....all systems are a GO for Launch!
This ready for another flip? Got to love playing the bounce here! Making money is a good thing!
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