Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

he would still have to report additional accumulations of stock, even though he was no longer with the company.

anyone who owns 10% or more of a traded stock is considered an insider and is still obligated to file forms showing beneficial changes in ownership.

eddie couldn't quietly accumulate the outstanding float without reporting it.
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What is an Insider
Insider is a term describing a director or senior officer of a company, as well as any person or entity that beneficially owns more than 10% of a company's voting shares. For purposes of insider trading, the definition is expanded to include anyone who trades a company's shares based on material nonpublic knowledge. Insiders have to comply with strict disclosure requirements with regard to the sale or purchase of the shares of their company.
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if eddie were to either buy or sell it probably be considered a trade worthy of being investigated since anything he might be doing with his shldq stock would be based on knowing what his own intentions were relative to that stock's ultimate fate.

i would love to see a buy from him. on the other hand, an outright sell would have me throwing up