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rc1968

03/15/19 1:56 PM

#32631 RE: inouttrader #32625

What positive news?

I am baffled about what possible positive news you would be expecting here?

Eddies plan was to get the assets from SHLDQ and start fresh without the liabilities, he has already done that. He may or may not have the NOLs but its not really relevant, still no intrinsic value left in SHLDQ.

The $5.2B went to SHLDQ in exchange for all the assets. That wasn't cash either, it was basically paying off loans ESL made to SHLDQ so its not like he made some big payment he just shed debt and risk. The $5.2B is already basically gone to pay down debts which even after the $5.2B is applied still are more than $6B. SHLDQ lost another $500M in the last quarter they operated as Sears. They still have lawyer fees to pay on the wind down. They have repeatedly said in court dockets or the 8Ks they are winding down.

Granted I have no idea why the price jumped the last few days, purely technical trading maybe? There are no institutional investors left that dump gobs of shares which forces prices down.

Not taking anything away from anyone that made money this week on the price increase but to me at least that is highly risky given the information at hand.