Sears Holdings Corp. (fka SHLDQ)

[Omarprelude]

Publicly traded NOL shell.

I believe that is what we may have here in what will be SHLDs newest form. Assets in SHLD are literally invisible (no tools or appliances - those all went Transform Holdco). The rather large Sears NOL is the asset (which I believe you won't see on any quarterly reporting??), which is called a deferred tax asset (DTA) on SHLDs books.

But long story short whomever has been mentioning that common share holders have to be intact to access the NOLs is correct and because SHLD went into Chp 11, the caps on NOL are exempt.

Also, has anyone thought about a reverse merger whereby Tranform Holdco buys SHLDQ to access the NOLs to offset potential losses from actual retail operations down the road?

Am I close on these assumptions? I am not a attorney and only have asked my bk research buddies on what they've seen in the past.

Also, why is the price rising on the 12/15/19 SHLWQ warrants that are at a $28 or so exercise price?