Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

even though esl may have purchased the name "sears holdings corp.", if the new company does not have that exact name, what stock are you holding?

also believe in the asset purchase agreement, securities in shld were not being transferred to esl unless specifically provided for in the asset purchase agreement. there was no provision to transfer the treasury securities to esl which leads me to believe the existing common stock will be cancelled and the outstanding shares of shldq will be exchanged for shares of a newco.

if esl does not have the unissued treasury shares, he has no way to go to the market to raise any money unless/until he files some type of prospectus for new debt or shares.

why not just create a new share structure with enough authorized but not issued shares to give the flexibility down the road. if an ipo is part of the equation, then ipo with a new stock and not have any baggage associated with the old stock name?

the "q" is not going to magically disappear come february when/if the judge approves esl's bid