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****NO COMMON WIPEOUT HERE - SHARES WILL RISE**** If things continue towards an orderly reorg - which today’s notice indicates. Shorts need to cover now.
******I WORK FOR YOU LONGS!!!!!!******
THE TRUTH - GOLD MINEhttps://restructuring.primeclerk.com/sears/Home-DownloadPDF?id1=MTA5NDU2&id2=0
******LONGS MUST READ - ALL IS GOLDEN*****I give you real information from the horse’s mouth. Better than Bloomberg or the best analysis, THIS IS THE LOGIC FROM SEARS BK LAWYERS IN OFFICIAL COURT MOTIONS....28 is particularly interesting. It is clear that they didn’t want any worthless stock filings or anything that would affect NOLs and total restrictions until REORG PLAN THAT GIVES >50% NEW EQUITY TO OLD COMMON https://restructuring.primeclerk.com/sears/Home-DownloadPDF?id1=MTA5NDU2&id2=0
BLOOMBERG - EDDIE’S GAMEPLAN - KEY NEWS DO NOT FORGET THIS IS ALL GOING TO PLAN https://news.bloombergtax.com/daily-tax-report/lamperts-sears-bid-targets-tax-offsets-possibly-worth-billions
******DELAYING REORG PLAN TO CLEAR DEBT INCREASES SHLDQ VALUE****** NO other way to look at it. And when Eddie and ESL’s need for SHLDQ to capitalize on tax code loopholes to max out deferred tax asset usage is taken into account (not ignoring either that Eddie and ESL own 73% of SHLDQ), then there is a scenario of SHLDQ being worth a lot lot more than $10
****ABOUT CT ORDER - USUALLY WHEN DEALS ARE BEING DONE. TAKE THAT FOR WHAT YOU LIKE.
****BLOOMBERG News: EDDIE’S GAME PLAN******. $10+ https://news.bloombergtax.com/daily-tax-report/lamperts-sears-bid-targets-tax-offsets-possibly-worth-billions
SHLDQ WILL GAP UP INTRADAY BY $3+ ON NEWS IN NEXT MONTH This is a stock being run to extract a loophole in the tax / bk codes - go short you play with fire, try to time long, you miss out. ESL and Eddie will drop the bomb with no notice and their 73% of SHLDQ will go through the roof. You think they will just throw away their equity here worth $70m and along with it the opportunity to be able to use Sears multi billion dollar deferred tax assets freely? If you believe that, then you need to not give up the day job because you have no business being in stocks.
******DESTROYING FUD MISTRUTH1*****ESL and Eddie bought only the assets and not the shares put if bankruptcy, so this means shareholders of SHLDQ are left with nothing. WRONG. This is stupid, simply for the reason that Eddie and ESL ALREADY OWN 73% of SHLDQ. Do the FUDsters expect them to buy the same shares twice? How stupid...And the other reason that shares stay with SHLDQ (this takes a bit of brainpower) is that Eddie and ESL can then exploit a loophole in the US tax and bankruptcy codes, which allows them to merge the SHLDQ shell with the ESL owned entity that bought the assets, and then use all of Sears tax loss assets in an UNRESTRICTED manner. Folks, without a merger with SHLDQ, the tax loss assets of Sears are pretty much useless, because they can’t be used very much in any given year, and they can’t help Eddie pay a premium to beat out competitors in a future bid for a company with loss making operations. This isn’t fantasy land. There is no relevance to technical analysis, to Clay trader, to hacks that try to scare. The shares are super volatile and of course risky because there are so many stakeholders in a bankruptcy whose interests need to be addressed.But the lion’s share of the risk was lifted when ESL and Eddie won the bid and bought the assets. Now it is just waiting for the loophole to be triggered and the merger to happen. Potential timeline - New CEO shortly and then soon afterwards an announcement of the new Sears capital structure and the merger to to get it there. The SHLDQ shares either drop the Q and start trading publicly on an exchange again, or are swapped 1 for 1 with shares of the merged entity that trades publicly. https://news.bloombergtax.com/daily-tax-report/lamperts-sears-bid-targets-tax-offsets-possibly-worth-billions
SHLDQ is needed TO USE NOL’s REGARDLESS OF HOW THEY ARE TRANSFERRED / PURCHASED ETC SO THIS MEANS THAT SHLDQ WILL BE MERGED BLOOMBERG ALREADY WROTE ABOUT IT https://news.bloombergtax.com/daily-tax-report/lamperts-sears-bid-targets-tax-offsets-possibly-worth-billions
https://news.bloombergtax.com/daily-tax-report/lamperts-sears-bid-targets-tax-offsets-possibly-worth-billions
*******LONGS ARE FINE EDDIE’S GAMEPLAN BLOOMBERG*******https://news.bloombergtax.com/daily-tax-report/lamperts-sears-bid-targets-tax-offsets-possibly-worth-billions
*******EVERY LONG READ********** https://news.bloombergtax.com/daily-tax-report/lamperts-sears-bid-targets-tax-offsets-possibly-worth-billions
***BLOOMBERG - EDDIE’S GAME PLAN*** Can’t really use the NOLs fully without a BK exemption based on ESL being a creditor and shareholder of Sears. SHLDQ TO BE MERGED with ESL’s company that bought Sears assets. https://news.bloombergtax.com/daily-tax-report/lamperts-sears-bid-targets-tax-offsets-possibly-worth-billions
Slight correction - He can still use the benefit of tax assets without SHLDQ shares - but he will be capped every year and will be using the tax assets over a couple hundred years...If ESL wants to use the NOLs to do real ad advantageous business (say bid a premium for a competitor because NOLs can be used to reduce cost basis) then SHLDQ needs to be kept whole and merged.
***Eddie has to merge SHLDQ with equity of acquirer**** Otherwise he doesn’t get the BK exemption and his use of Sears deferred tax assets will be severely curtailed due to capping. The only way for ESL and Eddie to use the deferred tax assets properly and freely is to bring SHLDQ over whole and merged. That means SHLDQ is worth a lot lot more than current traded price or even $5. https://news.bloombergtax.com/daily-tax-report/lamperts-sears-bid-targets-tax-offsets-possibly-worth-billions
***MUST READ POST*** Eddie’s gameplan - He bought Sears the way he did, for the amount he did, so that he could later merge SHDLQ with the equity of the acquiring entity owned by ESL. This is a sourced and credible article from Bloomberg. Not something put together by stock message board wannabes... https://news.bloombergtax.com/daily-tax-report/lamperts-sears-bid-targets-tax-offsets-possibly-worth-billions
Blue - stop posting that article. It is misleading. Because it makes people think that the deferred tax assets are something extra on top of whatever could have motivated Eddie and ESL to buy Sears in BK. The truth is that the deferred tax assets were THE reason that Eddie and ESL even offered the kind of deal they did and the amount they did to begin with. And why Eddie and ESL worked their SHLDQ equity ownership above 50% before a BK that they did to trigger an important exemption to use the deferred tax assets ASAP without limit. Please start posting this article only - it is Eddie and ESL’s gameplan from the beginning and everything has gone to plan. Shows the reader exactly where common SHLDQ is going - https://news.bloombergtax.com/daily-tax-report/lamperts-sears-bid-targets-tax-offsets-possibly-worth-billions
EDDIE’S PLAYBOOK BLOOMBERG REPORTED THIS WITH SOURCED QUOTES FROM EXPERTS AND BK / DEAL INSIDERS.... THERE IS NO GUESS WORK - EVERYTHING SPELLED OUT IN THIS ARTICLE HAS HAPPENED. Eddie and ESL need to own over 50% of SHLDQ and MERGE with their entity that bought Sear’s assets in BK, or they will lose an important BK exemption to a rule that would normally prevent them from being able to efficiently use Sear’s deferred tax assets. The article even states that the key driver in both the size of the deal offered by Eddie AND the nature of the deal is the deferred tax assets. Don’t read silly information by people on this board. This is a sourced article from BLOOMBERG TAX. https://news.bloombergtax.com/daily-tax-report/lamperts-sears-bid-targets-tax-offsets-possibly-worth-billions
ESL DEAL DONE AT 5B ONLY BECAUSE OF TAX ASSETS AND ABILITY TO TAP TAX ASSETS BY HAVING > 50% of SHLDQ TO MERGE INTO BUYER So why would any idiot be short here. Was spelled out - strategy and all - in a detailed Bloomberg Tax article in December. Even quotes tax experts and people familiar with deal / on inside. EVERYTHING HAS AFTERWARDS GONE ACCORDING TO WHAT ARTICLE SAID IT WOULD. Shorts are doomed here. Longs are part of the plan. https://news.bloombergtax.com/daily-tax-report/lamperts-sears-bid-targets-tax-offsets-possibly-worth-billions