Sears Holdings Corp. (fka SHLDQ)

[linda1]

Not until after the Judge approves the Sale.

I do not think that Sears can just cancel the
Common Shares without notification to the
Common Shareholders.

The CEO and the Trustee of the Bankruptcy have
a fiduciary duty to provide adequate information
to Creditors and Shareholders and that would
include any cancellation of Common Shares.

There is zero stated in one of the Bids by ESL
- filed with the SEC and dated Dec 28, 2018 -
about cancelling the Common Shares.

In fact, it states the Buyout Bid would benefit
Creditors and Shareholders.