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Re: AMPazzo post# 25053

Friday, 02/15/2019 8:34:40 AM

Friday, February 15, 2019 8:34:40 AM

Post# of 37346
paz, you asked:

"Nobody has answered this question regarding SHLDQ. At this moment in time how much interest do the shareholders of SHLDQ own in the 425 stores that Judge Drain has allowed to be moved into the new Holding Company. Is it greater than 0."
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this question has been asked and answered a number of times on this board.

the 425 stores and all of the rest of those assets which were purchased by the new holding company (transform holdco, a PRIVATE company which is virtually 100% owned by lampert) approved by judge drain has NOTHING to do with shldq shareholders.

shldq shareholders own an interest in whatever is left of sears holding corporation which is still in bankruptcy.

so, the direct answer to your question is that it is NOT greater than "0"

that may change if the new holding company, owned by lampert, obtains the tax attributes and as a result of that is required to maintain the equity structure. lot of discussion as to what that means, but as of now, you own shares of sears holdings which, as of the closing of the new deal, doesn't have much left of value as far as i can see.

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