I'm not very smart. What does that mean for the survival of Sears?
7 replies (most recent on top)
As always, Eddie's just in it for Eddie. He'll hide out in his bunker per usual. He's never in it for us.
Very simple. He stepped down from the old, still bankrupt company. He still owns and runs the new company which owns the stores etc. for the most part, if you are still an employee, don’t fixate on happenings at Sears Holdings. That is the old company.
Problem is not all media coverage is clear in this or even capable of understanding the difference.
@XDrYypR-hab...
Be nice. OP admitted that he/she is not very smart
He no longer has any responsibility for the success or failure of SHLDQ; which might now be administratively insolvent.
He might; however; as per his last 13D filing still be the largest shareholder in SHLDQ; although I suspect he commenced dumping his shares as soon as the 13D was signed.
His obligations are now for the success or failure of "Sears New Co/Transform Holdco".
The current BOD will be responsible to wind down SHLDQ and the eventual cancellation of shares.
What does this even mean?
Why did you post this question when a post already exists on the very same topic directly below your post?
He stepped down from SHLDQ the old shell company, the new company is (for now) Transform Holdco LLC.
He got what he needed now someone else will have to wind down the bankrupt estate which has little to no assets since he owns everything of any discernible value.