Sears Holdings Corp. (fka SHLDQ)

[StrategyTrader]

As of yesterday the board members met reviewed Lampert offer including Liquidators offer, there big concern was attorney fees per hour that the liquidators wanted to charge which is extremely high, sears want half of what the liquidators will make in selling their assets. However the liquidators are only to give them a payment at the end and it is unknown what the amount will be.


With regards to Lampert offer they trying to negotiate the offer so its not a done thing yet, They trying to get Lampert to pay more in cash. it is still in discussion additionally they have a committee advisers that is advising them which would be the best deal.

Sears will either decide to accept a negotiated offer from Lampert or liquidate and end up with less money it is complicated and they getting greedy.

in the end the judge will way in on the offers and decide I truly think the employees retention will sway the judge decision and accept Lampert offer and any legal wrinkles will be resolved by early February.


I followed GGP the same happened many were against Lampert debtors and creditor and was fought legally and the judge sided with Lampert and offer accepted common were not wiped out and me and many who held made tons of money I sold at 29 bucks from a position I have at .65 cent 100k shares.

the price started to go up slowly before the offer acceptance and once it was accepted we got to 2 dollars and by the time they got out of bk it started to move and in less that two year or so cannot remember exactly we were in mid twenties lots of money was made.

I repeat not once in legal disclosures or security filing by sears was any mention about commons will be cancelled out.

always in disclosure when companies file Bankruptcy they disclose this very clearly that they do not expect common to survive and till I see common will survive. why insiders are holding their common shares? think about it retail and insider common will survive and will be changed and new shares issues with new company Neymco if I am spelling it correctly.

next week we will learn more I am in this to the end.

GL

looking forward for next week