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bar1080

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bar1080

Re: justthefactsmam post# 35661

Thursday, 06/13/2019 8:05:18 PM

Thursday, June 13, 2019 8:05:18 PM

Post# of 37346
SA: "Sears Filed New Budget - Investors ... Disappointed"

* "Sears is getting only about $37 million cash from the sale of their remaining real estate.

* Only $7 million cash is left to pay potential claims after paying vendor administrative claims and professional fees.

* Eddie Lampert still has not fully paid for his purchase.

* The promised employee's severance pay is not in the budget."

"Very late on Friday, June 7 Sears Holdings (OTCPK:SHLDQ) filed a notice with the bankruptcy court that included a cash flow budget (docket 4155) and it confirms what most investors feared-there is not going to be any cash to pay shareholders."

https://seekingalpha.com/article/4269508-sears-filed-new-budget-investors-employees-disappointed

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Because the Good Life is Just a Pump or Two Away

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