yes, you are correct, someone will get it but it won't be shc.
following is from the dec 6 sec filing which you should read since you don't seem to get what has been explained multiple times:
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Scope of Transaction. As discussed above, ESL is submitting a bid for Newco to acquire substantially all of the assets of Debtors pursuant to a sale under section 363 of the U.S. Bankruptcy Code, as well as
substantially all of the assets of non-Debtors, KCD IP, LLC, SRC O.P., LLC, SRC Facilities LLC and SRC Real Estate (TX), LLC.
Our proposal provides that Newco would acquire Sears’ tax assets, the value of which we have incorporated into this Indicative Bid. Our proposal also assumes, consistent with the Debtors’ projections, that the amounts outstanding under the Debtors’ first lien ABL DIP facility will be no greater than $950 million at the time of closing the transactions contemplated herein.
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and for those whining that shc never valued the nols on it financial statements, for shc to have provided a value, it must have had at least a 50% certainty of showing a profit in the following year. since shc has been running at a loss for a number of years, it was for that reason it never valued the nols.
