Do you know where your 120 million is?
13 replies (most recent on top)
more theatrics, look at me the hero eyeroll
https://www.reuters.com/article/us-sears-bankruptcy-lampert-exclusive/exclusive-sears-chairman-lampert-submits-new-roughly-5-billion-bid-for-retailer-sources-idUSKCN1P32R7?il=0&utm_medium=Social&utm_source=twitter
Ironic to the extreme. ESL chose not to provide capital to pay the company's legal debt obligations that triggered a Chapter 11 filing in October 18. Yet, here we are three months later, and ESL deposits nearly the same amount in order to bid on the company's viable assets.
Per court filings, January's bid by ESL's is a heroic effort save 50,000 jobs. Get it? Is there anyone on planet earth that truly believes ESL is trying to save jobs?
More companies are following Sears. I've heard Barnes & Noble will be laying off more people. They'll be closing down soon.
@nmu that's pocket change to any bank he scammed into loaning it
so many employees with their jobs in the balance and the management does not have the decency to give any information , another reason no consumers want anything to do with this terrible company
Heads up buttercup
It has to be filed with the court if he did or did not pay, so it will be public.
17.9 million non refundable if things don't work out for Eddie. That's a lot to lose. I don't care who you are.
I’m not actually sure there will be any press release. I don’t think they’re required to. I’m sure 4pm was mere formality for them to have time to file the actual improved bid. They are apparently filing the revised bid with the SEC so it’s unlikely to be published immediately,
He tried to pay in points but they were expired. Lol
But any real news if he did deposit it? Most likely he did or the judge gave me another chance to pay
It's with my unicorn
Inquiring minds want to know.