shyguy, you said:
"This dead company is entering into more contracts to expand its business."
the thing apparently being missed is the fact that shc and the other entities who filed for bankruptcy are DEBTORS IN POSSESSION.
they have a LEGAL RESPONSIBILITY to continue to run the businesses as the "owners" until the closing occurs and all of these things (such as the new craftsman line and this kenmore agreement) are handed over to transform holdco.
this is NOT unusual. you sell a house to somebody but the closing does not take place until 60 days after the sale and you are still in possession, if anything adverse happens to that house while it is still in your possession, you would be liable, not the buyer.
old sears couldn't just stop business the day judge drain signed the order approving the sale. old sears is obligated for a number of things until the actual closing occurs and even then, i would imagine there will be a number of things for which they will continue to be responsible to do. there is still some type of cooperation agreement which has yet to be filed which will spell out these things.
anybody thinking announcements such as this have anything to do with value in old sears will be sadly mistaken.
they are doing these types of things for the benefit of transform holdco, the new "owner" until the closing takes place.
