Replies to post #32866 on Sears Holdings Corp. (fka SHLDQ)

[rc1968]

So he explained why they are not the same company in detail and you are complaining about that?

Its head scratching why anyone at this point thinks SHLDQ is the Sears brand and stores. Its not and it keeps getting explained.

Its not a bias or even an opinion at this point, its just the facts which are all in the SEC filings and court documents, including the Asset Purchase agreement.

SHLDQ has no assets to speak of, $6B in debt (after the $5.2B is used to pay down the original $11B debt). They don't even appear to have enough funds to pay administrative claims. Why anyone would think there is anything left over for the commons at the end of the wind down is baffling. I have not read every document so if there is something I have missed that somehow gets SHLDQ $6B more please enlighten me and others.