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Can anyone explain how commons will be saved when it says there are not $$$ left for commons.
CLASSIC PUMP AND DUMP IF THIS GOES DOWN AGAIN TODAY
PUMP AND DUMP - BEST EVER I GUESS
Anyone saying this will go to $0 is in lala land. Why would he give up 210 million in assets (Lamperts share value)
shorts won't cover WHY? Because they didn't short this at $single digits they most likey shorted this around the $10-20 range so they have still nothing to lose. When this hits closer to $5-10 is when they will worry.
Yes there is a chance but you need to do more research on what has transpired last few weeks. Not a penny stock anymore, this stock has value and will be merged with new private company that he plans to take public. Did you short this stock? What price?
Yes its private!!!! but thats the company that bought the assets. His goal is to take that company public - this is what he means. Has nothing to do with existing sears shares.
Now you need to ask your self is he or is it worth taking current sears to 0$ or merging them with new company once it becomes public. At current prices it would add value to the private company to merge the sears shares.
There is a chance that shares go to 0$ of course. You have to have no common sense if you think there isn't a possibility but you need to weight out everything that has transpired since announcing bankruptcy.
1) its no longer bankrupt! most important part Sears name lives on.
2) not a 20 cent stock now but a dollar stock that can be re-listed to nasdq/nyse.
3) Lampert owns over 70 millions shares (other bankrupt companies insider own very little)
4)Now that its a dollar stock it wouldn't be wise for them to cancel shares.
5) lampert cares about the people (supposedly lol) meaning employees etc. Many employees are shareholders. It would be a negative to cancel out the shares after giving them their jobs back.
Weight out your options but most importantly go with your gut. Most investors are happy with 50% returns and move on (daily traders) others are longer term.
I still believe that lampert will not cancel the shares
up 150k not selling, i posted 3 days ago i was up 60k and not selling. STILL NOT SELLING THIS GOING TO $10 IN NO TIME. MILLION IS MY SELL POINT ----MAYBE??? LOL ANYONE SELLING IS REAL DUMB RIGHT NOW. Or at least sell your principle and keep it riding. This stock is so cheap right now.
Everyone just put a sale order for $6 only 30 million shares out there eventually we will hit this lol.
Where does it say shares will survive?
Linda what do you think will happen to these shares? Iam not sure if you have answered this already.
$2 dollar stock won't get desisted lol. this aint no penny stock anymore
Up 60k not selling lol
A lot of shorts covered cheap congrats lol
still early don't let the dip fool you. People who bought at .50 taking profits big money will come at 9.45am
.81 is a joke, this is going way north on open
Not enough asks or bids to determine gap up. Pinks are different action will come at bell open.
1.25-1.30 is my prediction but this can go higher also. This news is huge.
Shares saved read this article carefully just released 22 min ago.
https://www.marketwatch.com/story/sears-saved-for-now-as-bankruptcy-judge-oks-lamperts-butout-2019-02-07
"Lampert personally owns 31 percent of the Sears’ outstanding stock, and his hedge fund has an 18.5 percent stake, according to FactSet."
50% of shares owned by insiders, You really think they are going to give them up if its now a dollar stock. They will be saved especially when his hedge fund has something too lose.
Obviously but this is one step closer just like when his bid was accepted it went from 20 cents to 75, now it will go to 1.50 area. Now that he has one we are 100% closer for shares to survive. If he didn't win we would be 100% closer to $0
This is bigger news than his bid approval. Off to the Mars not the Moon tomorrow. New investors will pour in while shorts will get margin calls and force to cover. This is a lottery win in my opinion.
IT MEANS $$$$$$$$$$$ PERFECT RIGHT BEFORE WEEKEND.
I just want this to do a huge pop before close and halt. How long do judges work too anyways damn. I feel like the roulette wheel just keeps spinning lol. good luck all I invested what I can lose so this is really exciting for me.
Lol if he re-assures shares will be saved I agree we may see triple digit gains
If he wins this will 80% tomorrow just like the first time we heard he would be included in the offer bid. I strongly think he will win with the backing of US Federal Pension Insurer
https://www.wsj.com/articles/u-s-federal-pension-insurer-backs-eddie-lamperts-bid-to-buy-sears-11549557699
Judge will be out of his mind to not pick him. The only question is what will happen to the shares. At this time my main concern is for him to win. After that I may take my principle with some profits and let the rest ride till the end.
Can someone post the line on the report where it states commons will remain in tact? I will buy if this line is there on the report
It looks like they are giving a .01 value to shares. Don't see anything else in the new release.
"This Amendment No. 75 to Schedule 13D (this “Amendment”) relates to common shares, par value $0.01 per share (the “Holdings Common Stock”), of Sears Holdings Corporation"
This Amendment No. 75 to Schedule 13D (this “Amendment”) relates to common shares, par value $0.01 per share (the “Holdings Common Stock”), of Sears Holdings Corporation
Does this mean they are giving a value of 1 cent?