had esl's bid not been an approved bid by shc as a result of the auction process, it had the following plan for achieving its wind down recoveries which assumed 4 waves of GOB's
(1) wave 1 - 142 stores beginning on 10/28/18 ending on 1/5/19
(2) wave 2 - 40 stores beginning on 11/18/18 ending on 1/26/19
(3) wave 3 - 80 stores beginning on 1/3/19
(4) wave 4 - 425 stores beginning on 1/21/19
since esl's bid was approved by shc and is pending approval by judge drain, only the first 3 waves have been implemented. so, if esl's bid is approved by the court, seems like shc's wind down liquidation involves the first three waves consisting of 262 stores, all of which have already commenced the liquidation process with their GOB's.
so, the unsecured want wave 4 included in the liquidation, esl and sears do not, and that's what will be decided by drain this coming week.
