i just figured it out!
sears is putting out statements about the common stock being cancelled because in reality, the millions of shares which have been shorted have been shorted by sears!
BRILLIANT! that must be why eddie is a billionaire.
so, sears is sitting on top of a lot of unrealized gains from shorting their own stock and waiting for the stock to fall to "almost" completely worthless and then they will buy back as many of the outstanding shares as they can and get as close to 100% control of the company which has no assets left.
at that point, they will sell all of these shares to eddie and make a boatload of money which will allow them to pay off the creditors and they will have pulled a complete end run on eddie.
wow. i realize this is only a scenario but as soon as i have flushed it out in a little more detail i will get back to everyone.
in the meantime, hold on to any shares you might have and don't let sears have them at any price.
i've really done a lot of research on this scenario. hope you are all able to follow this line of thinking.
by this time tomorrow, i'll be "ALL IN".
i'll be doing some in depth dd on whether or not sears could short its own shares but i'm almost positive this is probably how things will turn out.
