Replies to post #17696 on Sears Holdings Corp. (fka SHLDQ)

[Illini18]

So you really think current shareholders are screwed??

[linda1]

It is too late here to review the filings tonight.
I will answer your 3 posts tomorrow.

[linda1]

Now that makes logical sense that it will be Holdco
who will pay ESL in new Holdco Common Stock
for the cancellation of ESL’s $ 1.3 B Debt.

And it looks like then that the “ Securities Consideration “
will be sold by the Debtors to distribute funds to Creditors.

Yes - there is still Debt owing to a few Senior Creditors
and all Unsecured Creditors. What the remaining Assets
and Liabilities are after the 363 Sale is approved will
help to determine if Common Shareholders receive
new Newco stock.

I agree that Transform Holdco will change its name
to Sears.... once it owns the Sears name.

If Sears emerges from bankruptcy won’t it have to
change its name to something other than Sears.....
since it will no longer own the trademark name?