Questions & Answers of Common Stock (Cancelled or Stay Intact)
This is usually come down to the Judge, if was proposed by majority vote
From given information and experience, Sears Common Stock will stay intact. WHY?
1.) Cancel current common stock does help, but not a lot (very fraction). The processes of new common stock out-weighted (time & cash) the current. Cancel current common stock doesn't help much for Sears to stay in business.
2.) Eddie Lampert holds majority therefore, why cancel himself?
3.) The current bid and business plan is viable. Sears been in business over 125 years, a modern face-lift, eCommerce tool and a healthy board of directors, this vehicle is ready to race again.
4.) Keep Common Stock will avoid future litigation & legal expenses, which will far excess the current common stock value.
5.) Allow current common stock to stay alive will boost investors confidence, this create and keep the trust between business & investors and also employees. Remember, the Judges (they are for the people & common sense).
6.) Fill in the blanks
