Sears Holdings Corp. (fka SHLDQ)

[RiskyBoy1989]

Anyone else loading at these levels ?

[Lcbm68]

Today and tomorrow are the last two days to make any real money this quarter. Believe me when I say you will be kicking yourselves in Friday when this stock will be tanking towards. There is no science behind the market strategy which is on its way and we are delighted to be a part of it. This is real money and don’t let anyone fool you or scare you. It’s cash in the bank on Friday. Don’t lose your dream ~ Lcbm68

[rokkdatstock]

SHLDQ isn’t for novices. Good choice for many not to trade it. Reading SEC data doesn’t help at all for those who don’t trade. But SHLDQ makes smart traders money.

[Lcbm68]

No doubt about what your saying but the fact remains and mark my words, that in Thursday and Friday we will see well over 50 million trades. Lcbm68

[intuitive3]

Why did Lampert's lawyer state this in court??

[SPORTSPROPHET]

Time to move this over .60

[SPORTSPROPHET]

Pftt...All the logs can get in the fire, just like the creditors, momentarily.

[linda1]

Ok - I do agree that Holdco will receive some of the
Tax Attributes but not all.

I respectfully disagree that PG 85 is referring to
a NEWCO formed by the Debtors, simply because
the Sale Price includes a Credit Bid of Loans - which fits
ESL’s Credit Bid of $ 1.3 B.

Since the 363 Sale is yet to be approved it is not
clear if some the Debtors’ Statements we are discussing
are referring to post an Approval or Disapproval of the
363 Sale.

I haven’t reviewed Docket 2344 yet. I have been having
difficulty loading some of the Documents on the Docket.
I will try now.


PS: My I-Pad is stuck on “ loading “ Docket 2344 - I
wonder if its 16 gb capacity is an issue?

[bar1080]

Been reading SEC cases almost daily for 20+ years and never once saw a mention of MM signals which would be illegal collusion. How is it only Slobbering Penny Addicts know all about them?

[SPORTSPROPHET]

This is why I don't have credit cards. They are blood sucking leeches, the lot of 'em.

SP

[TRUSTUNITS1000000]

If commons get wiped out can they issue new set of shares and then you buy. Also going forward sears might not survive

[intuitive3]

See post 18082.

[PennyStock Alert]

News article

[Orion1972]

where did the "going private" conversation come from? a post from here or a statment from esl, sear or lambert? or a news artical.

[mojo joyo]

Looks like a bear trap now.dip coming

[intuitive3]

The quote of the lawyer sounded to me as being the planned scenario.

[PennyStock Alert]

That is the worst case scenario. Worst case scenario is that the company goes private and shares not held by Lampert are purchased by ESL at a premium.

[intuitive3]

Why stating the plan to take the company private NOW?

[linda1]

Thank you for the clarification.

If you think that SHLDQ Common Shares will be
exchanged for new ESL/Holdco Common Shares,
when is Holdco going to provide those Shares?
It will have no further obligation of payments to the
Debtors after the closing of the 363 Sale.

I used to think that the “ Securities Consideration “
included the new Holdco Common Shares to be
distributed to SHLDQ Shareholders. Now I am not
so sure since PG 85 states that the Debtors MAY
sell the NEWCO/HOLDCO Common Stock and Warrants,
however it reads like only in a Liquidation/Wind Down.

[mojo joyo]

Good move.in the same boat.not giving my profits.

[CaptStockWolf]

Out as well but watching

[StrategyTrader]

Yeah sir :)

[PennyStock Alert]

Yep

[BeamMeUpScotty]

People don’t realise what the market maker signals are

[thelionwarrior]

You were never in. Lol longs will keep buying no timber here all the logs can stay on the sidelines

[mojo joyo]

Timberrrrrrr.I'm out for now.got profit.not looking good

[catty]

Top Stock: or partial execution

[jimr1717]

WASHINGTON — Kmart Corp.'s exit from bankruptcy Tuesday didn't turn out to be the blue light special that some investors had hoped.

The Securities and Exchange Commission has received complaints from investors who snapped up the retailer's shares last month after a federal judge approved the company's plan to wipe out $7.8 billion in debt.

The investors didn't realize that Kmart was issuing new stock that would make the old shares worthless, the SEC said.

"This is an issue that we tend to see when large companies emerge from bankruptcy," said Susan Wyderko, head of the SEC's investor protection office. "People are watching the newspapers and looking to buy something that will rise in value relatively quickly."

The problem is growing, the SEC said, because online discount brokerages, which are popular with many small investors, don't intervene with advice the way a broker might.



The SEC is boosting its education efforts to warn investors about the dangers of buying shares of bankrupt companies.

"I've been in the business for almost 30 years and this just happens time after time after time," said William Rochelle III, a bankruptcy partner at the law firm Fulbright & Jaworski in New York. "It is just a lack of proper knowledge or information and it is very sad."

Trading in the shares of bankrupt companies is legal although it is "a very perilous proposition," Rochelle said. Under bankruptcy law, common stockholders are the last creditors of a company to get paid back.

Troy, Mich.-based Kmart, known for its in-store bargains called blue light specials, filed for bankruptcy in January 2001 amid competition from Wal-Mart Stores Inc. and other larger rivals. Kmart stock, which traded at $17 a share less than two years earlier, fell to about 6 cents during bankruptcy.

Kmart disclosed to investors that its plan for emerging from bankruptcy would make its old stock worthless. In a list of questions and answers about the reorganization on its Web site, the company said, "holders of Kmart Corp.'s former common stock are not going to receive any distributions following emergence and their equity interests have been canceled."

The company also warned investors in SEC filings and news releases. On April 14, announcing that its creditors had accepted the bankruptcy plan, Kmart said it "considers the value of the common stock to be highly speculative and cautions equity holders that the stock may ultimately be determined to have no value."

When a federal judge in Chicago approved Kmart's reorganization April 22, the news led to a jump in volume of shares traded the next day to 133 million shares from 21 million the day before. About 25% of Kmart's outstanding shares changed hands as the stock price rose to 14 cents from 8 cents.

Some investors knew what they were doing, bankruptcy specialists said. Investors who made bets that Kmart stock would decline, so-called short sellers, needed to buy shares to cover their bets. Other trades probably were made by speculative investors who understood the risks, the specialists said.

SEC officials said they were concerned about investors who saw the news of the plan and thought they would buy Kmart stock while the price was under $1, expecting that it would rise as the company exited bankruptcy.

The agency has received a handful of complaints from confused Kmart investors, Wyderko said. The SEC withheld the names of the investors.

[Orion1972]

"People are watching the newspapers and looking to buy something that will rise in value relatively quickly."
the key to the article

[LQMTinvestor2018]

Usually it’s a very good thing for commons as they get a hefty premium for their shares...

[jimr1717]

Here you go, http://articles.latimes.com/2003/may/12/business/fi-kmarters12

[Orion1972]

prove it!

[jimr1717]

As of his last acquisition of SHLD Kmart share holders got to hold the bag. All shares wipped out

[PennyStock Alert]

As of his last acquisition of SHLDQ, Mr Lampert owned 33+ million shares. Other insiders own additional 50+million shares. Roughly 30% of the common shares are owned by him leaving 26 million or so tradable (excluding other insiders). That’s an insanely low number of tradable shares at this price!

Heck, the loan they just received is TEN TIMES the current Market Cap!! And the buyout is at over 100X current PPS!

[DDStocks]

Try again... acquirers typically pay at least a 20-40% premium over the current stock price when taking companies private

[jimr1717]

Ouch RIP COMMONS

[jimr1717]

It’s bankrupt, why would there be volume or any interest other than pumpers

[DDStocks]

A lawyer for Sears Holdings Corp told the court he was hoping the deal would close on Friday, clearing the way for Sears to end its four-month stint in Chapter 11 bankruptcy and begin its new life as a private company controlled by Lampert.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1PT254

[justthefactsmam]

anybody look at the shc dec 19 warrants this morning?

i'm not in it but there has been some discussion on this board about it.

very thin float but it shows up almost 500% this morning.

wonder what's going on with that?

[PennyStock Alert]

“Creditors also have argued the sale process was flawed and that it undervalued Sears by as much as $1.3 billion.”

:)

[PennyStock Alert]

MMs

[magicdaddy]

SHLDQ Current Report Filing Form 8-K

https://ih.advfn.com/stock-market/USOTC/sears-holdings-corp-SHLDQ/stock-news/79183352/current-report-filing-8-k

[AMPazzo]

No Interest in the Stock last trade in over 5 minutes.

Last Trade 0.576725
Trade Time 9:45:07am ET

then a trade comes in for 200 shares which is literally 110 dollars who is playing these games it is total BS

[PennyStock Alert]

Small paint tape selling. Opportunity is today and tomorrow

[StrategyTrader]

Raise your ask let them chase bidder trying to get cheap shares make them slap the ask if you do chase is on

[mojo joyo]

This could go till next week.not assurance that a ruling will be done this week

[AMPazzo]

This stock price behavior is disgusting no way would a blue chip stock be manimpulated in this way. MMs are controlling this stock and doing as they see fit with it. Hate It. Volume is al gone in the first 30 minutes they traded near 400,000 shares.

[StrategyTrader]

Mm 0laying again with spread cannot wait till we off pink sheets

[AMPazzo]

I agree creditors want liquidation but that is why we have the objection piece. Friday Judge Drain confirmed the Bankruptcy Plan and that means 45,000 employees have there jobs guaranteed until 2020 whether or not any, a few or all of the creditors win there objections. Remember there are 100s of creditors to be heard and not all will receive a favorable ruling.

[DDStocks]

Good article... Drain wants sears and the jobs saved