If SHLD had filed for Chapter 7, then all would be lost, they didnt. Eddie bid for the company, SEARS board of directors approved said Bid and Drain accepted said offer, so NO BANKRUPTCY.
No Bankruptcy means NO CANCELLING Common shares cause theres NO REASON to. This pubco is STILL TRADING. No halts no suspension No SEC sanctions NOTHING IS WRONG.
Its business as usual, 425 stores remain open with 45,000 jobs in tact. The Pension thing is resolved with the help of our Treasury secretary Steve Mnuchin
We just gotta wait until the dust settles, the Q drops and SHLD re applies for their Nasdaq tier.
All of this daily hoopla is just noise to scare the nervous nellies out of their shares cause the shorts are playing their games.
They took the dark side of the arguement, Drain eliminated their objections so we're bombarded with the sky is falling when its NOT.
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