Replies to post #21113 on Sears Holdings Corp. (fka SHLDQ)

[PennyStock Alert]

The new Sears moves forward from the Chapter 11 process positioned for success with:

A footprint of profitable retail stores, a robust digital platform and an integrated ecosystem of businesses that drive franchise value

A healthier capital structure, including a reduced debt load, that creates the liquidity necessary to invest in its go-forward plan

Initiatives to drive margin & EBITDA growth, including technology investments, inventory optimization and Sears Home Services enhancements

Significantly reduced SG&A expense

Shop Your Way—a sophisticated rewards, analytics and marketing platform with more than 20 million active members and the Shop Your Way Mastercard partnership with Citibank

Strong brand recognition and market positions in key segments:
#3 appliance retailer in the U.S.
#1 home service and direct delivery provider, including for leading third-party retailers
#1 provider of appliance and lawn & garden parts for the DIY community

[linda1]

The 363 Sale and the POR are 2 separate
Events. Even though the 363 Sale is not
a Merger it does not preclude Transform Holdco
from merging with SHC in the future.


As I said, I still don’t understand for what reason
you think Transform Holdco would issue new
Holdco stock in exchange for old SHLDQ stock
in a POR. For the NOLs?


In Section 9 of the APA the Buyer/Holdco makes it
quite clear that it wants SHC to cut all affiliation
with the Purchased Assets and Trademarks
as quickly as possible after the Closing Date.
And that includes restructuring or liquidating
Subsidiaries for Tax Purposes.


Do you not think that there is a contradiction
between Holdco requesting SHC to cut all
Affiliation with the Purchased Assets and
Trademarks as quickly as possible and
issuing new Holdco shares in exchange
for SHLDQ shares in a POR?


70 - 80 of the 100 dark properties are collateral
for certain outstanding Loans. So let’s say that
Transform Holdco will receive 525 Stores per
the APA - 425 Operating Stores plus 100 dark
Stores if that is what the “ dark property “ is.


That still leaves SHC with about 300 “ dark
Stores “ - which were leased or owned?