Exactly there is NO POL at all.
Chapter 11 is about REORGANISATION, a R, not a L.
The company will probably continue to trim the " FAT ", and sell stores, and save jobs and turn things around.
The NOLs will be used and SHLDQ will be cancelled and replaced by a new ticker.
All these lonnnnnnnnnnnnng dissertation by experts confusing facts are here to spread fear.
In the meantime, someone is taking a nice position.
No that complicated to understand why shorts position went from 23,000,000 to 7,000,000. It seems they know that Eddie Lampert is quite smart.
