Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

reverse merger is another fantasy being floated. turds float just like this idea and the quicker they are flushed the better.

transform holdco is a private company. eddie, as the 100% owner of that private company has publicly stated he might consider going public but that wouldn't be for three years or more.

eddie has stated he needs to do some things with the assets he purchased from shears for $5.2 billion that he probably couldn't get by with if he had to answer to shareholders.

reverse mergers are a way for a private company to quickly go public without the need to raise capital. since eddie has said he has no interest in going public quickly and he will currently be able to fund what he wants to do by selling or otherwise monetizing some of the less productive assets he has purchased, he doesn't need to raise money at this time.

since eddie's move to go public is sometime out in the future and the asset purchase agreement requires shc to liquidate and wind down, there won't be any shc (or shldq shareholders) with which to merge when eddie is ready to go public (if he even chooses to do that).

there are and will be plenty of empty shells available for eddie to reverse merge in the future and those empty shells will not be saddled with the debt which the shc empty shell is obligated to satisfy via the bk process.