Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

well, from looking at docket #2029 filed yesterday (1/26), it appears that shc terminated service.com's $60 million bid for sears home improvement (ship) the day after esl's apa was approved and shc claims that service.com forfeits its $6 million good faith deposit.

service.com filed their objection saturday and is asking it to be heard on the 4th along with a wagon load of other objections.

looking like the 4th will be a busy day for judge drain and it wouldn't surprise me if he didn't rule on the 4th given the flood of filings since sears' approval of esl's apa.

he might ask for further briefings on some matters or just say he needs more time to consider everything before making his decision.

think the sideways trading will continue until a ruling has been made. also think that sub average trading volume will also be the norm until a ruling has been made.