Catastrophe Coming October 1st?

According to this article, Monday is a crucial day for SHLD. Looks like Eddie is facing a very hectic weekend.

"A large debt payment is hanging over Sears' head next month. Time is running short, as Sears previously disclosed it faces "significant near-term liquidity constraints" pertaining to debt maturity reserve requirements it must meet by this upcoming Monday. The reserve is associated with a note that has a $134 million maturity due on Oct. 15."

https://www.cnbc.com/2018/09/28/sears-is-close-to-having-its-stock-delisted-from-the-nasdaq.html

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7 replies (most recent on top)

It won't be delisted anytime soon. there's a 180 period AFTER the 30 day period, and NASDAQ won't want to do this quickly. It will be well after holiday before this is a serious issue.

@njy - If things go haywire on Monday you should bump your old thread up and give the SHLD cheerleaders/trolls an "I told you so." Like you, anyone with an iota of common sense could see where the SHLD "transformation" was headed some time ago.

Forget about being open on Thanksgiving this year. We might be halfway thru total liquidation at this point the way it’s going.

Well.....technically it has 30 days to get back to $1 again before it's officially de-listed, but that is highly unlikely.

Kinda hard to believe that for 75 years, Sears was a part of the Dow Jones 30 Industrial Average.

Now gonna get de-listed from the NASDAQ.

Gads...

I posted a thread over six months ago saying October 1, 2018 was the critical day. It was pretty clear to me....

I don't think Eddie can escape this one. He got this and now the stock is in danger of being delisted. This is the beginning of the collapse

Thread regarding Sears layoffs

Catastrophe Coming October 1st?

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