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Are SHLDQ shareholders finally realizing these shares will be cancelled, once the already approved POR becomes effective?
Guess at the current share price some are willing to continue holding until cancellation becomes a reality instead of just a line in a POR!
From a run to $.65/sh down to $0.03/sh and not too many comments concerning why the shares ran up to such lofty levels a month ago
"SEC Stops Regular Trading, But The Bankruptcy Case Continues"
https://seekingalpha.com/article/4457620-sears-stock-sec-stops-regular-trading-but-bankruptcy-case-continues
You're forgetting how illiquid these shares are as of today. Bid/Ask spreads will be huge. Maybe long delays to sell a few shares. I doubt there was really much of a rise.
Interesting that altho major brokers do not allow buys of SHLDQ, 23000 shs traded to day. And price increased 3X from .055 to .17 now.
Seems like buys would have to exceed sells to drive price up 3X.
Some brokers somewhere, maybe pink sheet market makers, are allowing buys?
SEC in news today re. delisting 2000 pink sheet stocks that do not provide financial info.to SEC. Reuters article mentioned 3 stocks including SHLDQ. So of course SHLDQ dropped to .055 on the news.
I do not know what happened at NY hearing, although it might be postponed until today. I do not expect much other than discussion of unpaid claims.
To be clear, I do not think SHLDQ shares will combine with Transform.
The potential deal to be made is for Lampert's private ESL Holdings to combine with SHLDQ, if BK court approves his "not yet, future" buyout offer for SHLDQ, where Eddie owns a majority of shares and some debt.
BUT (big one) FIRST, Eddie must settle all the lawsuits against him re. Sears. That will take some time.
BUT (again) I do not think the BK will close soon, because SHLDQ does not have the $ to pay BK admin. claims including attorney fees.
This may still be a long time to wait to find out if SHLDQ has value or will be worthless.
If Eddie acquires SHLDQ merging with ESL, stock delisting could be corrected if they clean up delinquent reporting (since Q2 2018, I
think).
The only $ I have in this is trading gains from previous trades. So, if worthless not a real loss to me.
What’s the share conversion ratio per share? I’m assuming the hearing today is about converting Sears shares to transformco.
Is this court hearing going to about converting Sears shares to transformco?? If so what is the conversion per share
The "delisting" is due to new SEC regulations to stop BUYS for stocks that do not report financial information, which SHLDQ apparently stopped some time past.
More pink sheet stocks that do not report will face same delisting on 9/28.
The rule will be:
You can sell these stocks but not buy new shares.
If you sell all you own, you will not be able to buy again.
Traders driving up price to sell.
Nothing else.
There is a Sears Holdings BK court hearing in NY Monday 9/27/21 at 10 AM.
Does any one know how to contact Eric Moore?
May require a paid Investors Hub subscription.
Eric left Reddit.
Thanks
I think only institutions can buy and probably to close short positions
Doesn't anyone else have any comments concerning how crazy the most recent move into the $0.60 area was, only to tank all the way back down to $0.20
Is this going to go big or I though this was still bankrupt. How can it still trade
Anytime I think humanity could not get any stupider, Reddit users step in and assure me that I am wrong.
SHLDQ $$$...SOMETHING BIG IS COOKING..NEXT IT COULD BE A HUGE RUNNER..
The fact here is that SEARS is worth too much money to let fall to the "expert market" AKA enhanced GREY MARKET. So either SEARS has to get cleaned up really quick and pushed BACK TO NASDAQ, or they need to sell the shell ASAP. BUT, at only a 25 million dollar market cap.....supposedly..... its a hell of a company for just 25M isn't it...
I would be in and out like a dirty shirt
Just came across this Sears is still alive and around wow I believe they pulled out of canada what do you think do think is or a pump TY
Just came across this Sears is still alive and around wow I believe they pulled out of canada
It doesn't sound like anyone here knows why this is even up.
SHLDQ $$$$ LOADING THE CHEAPIES HERE....WATCH NEW HIGH EOD ...YOUR RIGHT WE MIGHT SEE THE MOON !!!
HEY I WAS LATE TO THE PARTY TOO, JUST STARTING THOUGH...I THINK STILL MONSTER ROOM TO RUN, LIKE I SAIS SOMETHINGS UP ...NEXT MT*RT...TRY AND FIND DD, AND HOW IS ELON MUSK IS CONNECTED HERE..
$SHLDQ: DUDddddddeeeeeeee...... you were supposed to alert me on this
I missed the whole run ????????
CMMmmmonnnnnnnnnnnn man.
I thought we were buds......... MULTI BUDS
Damnnnnnnnnnnnnnn
GO $SHLDQ
SHLDQ $$$ EXPLODING....WOW COULD BE THE NEXT MT*RT...GOOD TO SEE U HERE. makinez !!!!!
Big money is IN today
$SHLDQ: Hollyyyyyyyyyyy craper
Are they bringing the Sears Catalog back again ?
Whhaatta booster.
Damn it.
Congrats to the winners
GO $SHLDQ
What’s going on here ? News of anything ?
I find it simply incredible how this bankrupt stock has been trading in the .20 level for what seems an eternity
What's going to be the catalyst for it to break out of this range?
Are you living in a cardboard box now? Lmao
Hey MrMadness, are you still studying or believe in Eddie and SHLDQ?
He's been a headcase for as long as i can remember.
Sir you should be in mental institution for your nonsense contribution
unless you are one of Investors hub valuable contractor
Interesting buildings turned into vaccine sites
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