the sears that "might" be coming back in 5 years is the sears owned 100% by transform holdco which is 100% owned by esl which is 100% owned by eddie lampert.
the sears on which you have gone "all in" is shldq which has absolutely nothing to do with the sears now owned by eddie.
you seem to be under a delusion there is some type of shared mutual interest in shldq shares and your "common sense" tells you that eddie would not just walk away from his shldq shares so that is why your "all in" position will be saved.
there is no mutual interest. eddie had a choice - buy the shares of the corporation (the shldq shares you both currently have) or buy the assests underlying those shares. he chose the latter. in doing so, he walked away from his shldq shares in exchange for obtaining the nols, tax credits, the real estate, intellectual property, and leaving behind all of the debt and other liabilities associated with shldq.
granted, there is a lawsuit against eddie but anything paid by eddie to make that go away or anything awarded to the plaintiffs at trial will just go to pay down the mountain of debt and there will still be nothing left which would provide any value to shldq shareholders.
don't know if you are even, above or below water on your "all in" position but your feelings that eddie is going to save you and the other common stockholders is misplaced.
you are holding on to a steamingstockpile and it might be good to turn it over before it completely decomposes.
