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Post# of 37346
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56Chevy

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56Chevy

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Re: 56Chevy post# 33826

Thursday, 04/11/2019 9:43:36 PM

Thursday, April 11, 2019 9:43:36 PM

Post# of 37346
Eddie didn't put up more money to save Sears from liquidation the way some are thinking..it wasn't to "save" old Sears or any of its shareholders. Adding to his bid was the ONLY way to keep old Sears out of the jaws of a Chapter 7 liquidation. In order for Eddie to take all the good assets along with the NOL's and leave shldq in the junk heap he had to purchase the assets in a chapter 11 "liquidation" wherein he could control how it all went down and not some chapter 7 trustee.

This is about Eddie Lampert and nobody else.

SHLDQ is dead..there just hasn't been a funeral yet...but its coming.






Without a moral framework, there is nothing left but immediate self-indulgence by some and the path of least resistance by others. Neither can sustain a free society. ~ Thomas Sowell

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