when sch filed for an extension i believe there was even a second extension anticipated on top of the first. at any rate, after filing a por then shc needs to submit it for voting and i believe the december 2019 date is the outside date for completing that.
even though shc filed for the extension to file a por, there is no guarantee one actually will be filed for any number of reason, including the possibility of administrative insolvency judge drain addressed in his order.
on the other hand, if lampert is unable to get a favorable tax opinion or irs private letter ruling and those nols revert back to shc, then there may well be a por filed.
i just view this as a wait and see game.
the sale which judge drain approved has not closed yet. that could still be weeks away. i haven't even seen the "cooperation" agreement between shc and lampert filed with the court yet. that agreement just sets forth the working agreements between seller and buyer. think of it kind of like a punch list of various things which still have to be satisfied.
for instance, part of lampert's purchase price included the shc hoffman estates headquarters. imagine a number of shc employees will stay there working under this cooperation agreement until everything is wound down and finalized.
my guess shldq will be trading for some time unless sears is unable to pay its administrative costs and is declared insolvent before they even have a chance to file a por.
still a lot of uncertainty around what's going to happen.
