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shorts need .78 if i recall
i thought you had to go......I couldnt wait that long
call the IRS its government they should be able to answer better yet is it on their web site. what rule is it that you are struggling with.
options are due tomorrow or friday arent they? its around a buck
So why not take the NOL's he got rid of most of the debt took all the money making assets. so the NOL's would nulify the some/most tax liabilites of profit making business? also in order to do that he must take the current share structure with him to transform hold co. this would solve a couple issues
first the NOL's and then not pissing all over the instatutional investors that currently hold stock possitions and then not having to deal with all of the compilcations of an IPO with keeping stock structure intact. He would also put his shares in position to regain the value he lost with the BK
or does that not make sense?
because it sure looks like he is setting it up like that in so many ways.
including using the same lawfirm that has pulled the same play before.
Ok let me make sure I understand this.
Lampert takes all the assets for 5.6 billion minus some realestate, NOL's(worthless) and the commonstock and debt.
so in reality the deal was only for 4.4 billion due to lampert forgiving the debt as part of the deal.
ESL is still owed a big pile of cash along with other secured creditors.
Big fish fighting over a small school of feeder fish.
then there is the unsecured creditors i am sure bilions more in bills..
I guess its hopeless.. there is no way the common can be saved at all right?
how is shldq gonna pay all of that back. I am assuming there are other secured creditors out the that need to be addressed aswell right?
So the NOL's aren't worth anything. Right?
So ESL is a secured creditor, right?
Chevy, did the buyout credit swap for assets satisfy all of the balance owed to lampert or ESL?
what is the bid/ask right now?
what are you guys doing up?
Not reading the board? I have. You talk with out showing what you talking about. Did you notice that there are two different relief of stays? Save the inner most thoughts for your diary and post with links, docket numbers. So misrepresented statements that you make aren't taken out of context.
notice how these documents are posted after market close.. intresting.
https://www.investopedia.com/terms/n/netoperatingloss.asp
these condition will have been met.. this is including you post 2016 law change.
The part that is left out are the Billions in NOL's that are transferable with the way lampert has organized this BK. he is the largest creditor and owns the most shares. In order for him to take the Billions in NOL's he has to keep the share structure intact.
did they keep the NOL's? did they mess with the stock?
How about you naming a public traded retail company that has set them selves up in this manner? 1) CEO buying the assets out of bk in a 363 sale. 2) Who is also the Largest creditor. 3) Holds the largest amount of shares. 4) Has Billions in NOL's?
Bet you cant..
your statement.... PPFFFTTT!
shaking the tree..hold your nuts...jmo
Morning ALL!
Did someone tell you santa wasnt real or did you figure it out?
I think his stake in share that where purchased at a far higher price and his statements, will be as close as it gets.
its like throwing grass in to the wind, right?
re-read page 2
It looks like to me that this has already been posted and there where no objections.. this is the Docket for the judge to sign and approve.
Lion, if they get this relief they can be a debtor in possession and give lambert the stocks because he is the largest creditor.. then he satisfes the NOL's criteria.?
hit ctrl and + and it gets bigger.....
if they get this relief they can be a debtor in possession and give lambert the stocks because he is the largest creditor.. then he satisfes the NOL's criteria.?
lion is that what I think it is?
from what I have read the shares have to ramain intact for the NOL's to transfer
yeah what do you think?
is there an 8k coming tonight?
right! crazy....
someone just bought 160k shares
There is something else of interest in the letter
"In 2015, Sears and Kmart completed a significant step in the redeployment of our real estate assets. In July, we completed a Real Estate Investment Trust (REIT) transaction, which created Seritage Growth Properties. Currently, Seritage owns 255 properties that are leased to Sears Holdings. Almost all of these properties are operated by either Sears or Kmart, and many lease space to third-party retailers like Whole Foods and Primark. These third-party retailers have driven new traffic and customers to our properties and we expect future tenants will have an even greater impact."
See if you can find it?
Citation
https://searsholdings.com/invest/chairman