I've been following Sear's bankruptcy for 3+ years now.
Their ticker has been trading that entire time on OTC Markets, first on the "no information" tier (stop sign) and now on the so-called expert market that OTCM established for various tickers that don't qualify for one of their current information tiers OTCQB, OTCQX, OTC Pink Current info, and OTC Pink Limited info. If you are familiar with OTC Markets, then I'm sure you're familiar with these various tiers.
I have also followed Destination Maternity, whose bankruptcy case was recently dismissed by the court after 2+ years of court proceedings. This company is being dissolved, yet its ticker is still listed on OTC Markets, also on the "expert market". This stock will likely be cancelled and eventually probably deleted on OTC Markets, yet its ticker also still trades (albeit with very low volume and generally at a price of $.0001). I'm still following this one also until some final decision is made on its ticker.
So who knows what might happen with the ticker SMFX? It may well go bankrupt and even dissolved as a foreign entity. Yet it is NOT a US company, so I really have no idea yet what might happen to its ticker. My post proposed that it could end up as an empty shell, and I still believe that is a possibility. If so, SMFX could be downgraded to the "expert market", like the two bankrupt entities I've cited above.
At this time, I believe it is somewhat foolish to try and predict the ultimate fate of the ticker SMFX. I am certainly not making any predictions regarding its ultimate fate as this situation seems to be somewhat unique to me for an OTC ticker.
Let's not get ahead of ourselves with predictions on the demise of the ticker SMFX, at least not yet.
