Replies to post #9418 on Sears Holdings Corp. (fka SHLDQ)

[WHIP THE HORSE]

That is right. Lampert bid is accepted next Monday, then it is followed by a drop in the Q, Lampert is the new owner of SEARS. He will not erase the common shares. He and his fund own 73% of the OS.

He is not going to commit suicide.

A new model for SEARS will be implemented.

$10 dollars in a few months.

[justthefactsmam]

You don’t just get to drop the “q”. the company (whatever company) will have to petition to be relisted. Not sure on what exchange they might try to be relisted (even if that is a possibility for them), but as of now, the only stock to ever be relisted on the nyse while still in bankruptcy was ggp.

Chicago-based General Growth, the No. 2 mall owner after Simon Property Group Inc (SPG.N), was the only company to be reinstated on the New York Stock Exchange during bankruptcy, Gropper said. (gropper was the bk judge who heard the ggp case)


https://www.reuters.com/article/us-generalgrowth/general-growth-cleared-to-exit-bankruptcy-idUSTRE69K41320101022