that the big show, suppliers will not ship anything to them- they cannot pay cash on delivery and eddie has decided enough is enough, he cannot keep throwing money at it.
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Shos is going down with SHC because they get their merch from Sears. I believe most shos are franchise. Sears goes shos goes.
Service business has a D- rating with lots of law suits against it. Both are practically worthless
He is going to use Shos to buy the home services business should raise at least 2billion
Last days of Pompeii.
Cash out to Eddie , Bruce . ESL investments .
Everyone else becomes a bag holder , including the Pension Guaranty Trust.
Good luck with those assets you accepted as collateral for the pension.
I agree.
The final signal might be in two days, if Eddie or Bruce start selling shares, it's over.
Without additional cash injections from Eddie, the company will be out of cash before the end of the quarter, and likely the end of the year.