shldq filed a new 8k with the sec this morning. for those of you who don't much like facts, you probably won't like this.
shc once again said:
The Company does not believe that there will be sufficient funds or other assets in the Estate to allow holders of the Company’s common stock to receive any distribution of value in respect of their equity interests and expects to file a chapter 11 plan memorializing that belief in the coming weeks.
it was also shown on the current balance sheet they have over a $7 billion deficit (and that's after applying the $5.2 billion they got from eddie).
the docs also show they have completely drawn down the dip/abl facility as well as the junior dip facility (both of which totaled over $800 million) and which now have a zero balance.
this month, administrative fees alone were over $32 million
everything they are getting from selling assets is going right back out the door to pay their outstanding debts and administrative fees.
for those who seem to like alternative facts, the warrants seem to get action, guess people think the stock is going to be a good deal and will convert at over $40/share.
oh, and eddie is trying to buy sears hometown and outlet stores which have absolutely nothing to do with shldq stock, but hope springs eternal.
it getting about time you daniels need to come to judgment.
