Sears Holdings Corp. (fka SHLDQ)

[linda1]

Thank you for the clarification.

If you think that SHLDQ Common Shares will be
exchanged for new ESL/Holdco Common Shares,
when is Holdco going to provide those Shares?
It will have no further obligation of payments to the
Debtors after the closing of the 363 Sale.

I used to think that the “ Securities Consideration “
included the new Holdco Common Shares to be
distributed to SHLDQ Shareholders. Now I am not
so sure since PG 85 states that the Debtors MAY
sell the NEWCO/HOLDCO Common Stock and Warrants,
however it reads like only in a Liquidation/Wind Down.