Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

https://www.washingtonpost.com/business/economy/sears-where-eddie-lampert-shops-for-tax-savings/2019/03/08/f92ec750-406c-11e9-9361-301ffb5bd5e6_story.html

notice the comment: "Any New Sears owner other than Lampert would face severe limits on how much of Sears’s net operating losses could be used in a given year. The current annual limit: about 2.4 percent. “The number is based on a secret [Internal Revenue Service] formula, sort of like Coca-Cola,” Willens quips.

By contrast, Lampert can use those losses without restriction. The obvious way to do that is to have New Sears buy profitable businesses and use its net operating losses to shelter the acquired businesses’ profits."

a reverse merger with old sears (shldq) would not accomplish this. old sears (shldq) is NOT a profitable company.