Sears Holdings Corp. (fka SHLDQ)

[linda1]

I don’ t understand why you think that
the SHLDQ shares could still be exchanged for
Transform Holdco/NEWCO Shares - in the POR.


All ESL had to do was offer $ 5.00 a Share for
the SHLDQ 109 M O/S and it would own all of Sears
and its NOLs, plus would receive back $ 5.00
a Share for its own Common Shares.


It is obvious that ESL did not want all of the
Liabilities of the Unsecured Creditors and some
of the Senior Creditors for they were omitted
from the 363 Sale.


Plus the Commons cannot receive any new
Shares until the Creditors are paid in full.