The 5.2 billion-dollar bid by ESL will be approved by the Bankruptcy Court.
The common stock of SHLDQ will not be wiped out, but all shareholders should buy Warrants and Unsecured 12/15/2019 Bonds to protect against dilution.
The 2nd Lien 10/15/2018 Bonds are worth par plus accrued interest.
Eddie Lampert has not been self-dealing. All shareholders received a pro rata share of all spin-offs.
Tool.
Bon-Ton is still selling off their last few assets later this month. Then those shares will vanish.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145935867
Sears isn‘t going to tell you because it’s immaterial to them and they have bigger things to worry about now, and nobody else can tell you because they don’t know. It will probably continue trading for a while, but it’s worthless as soon as the sale is completed. (Bon-Ton is still trading @ .019) The first anyone will know the stock has been or is going to be cancelled is when SHC files with the SEC for permission to cancel all outstanding shares.
I believe you but can you please show me where Sears says stock will be wiped out please.
As soon as the auction sale finalizes common stock will effectively be wiped out. On a fundamental level, stock represents a claim by the holder on a portion of a company’s assets. After the sale goes through or liquidation is ordered, SHC will have no assets left. Only debt. The stock will become worthless, and sometime in the next 3-5 months someone on the skeleton crew at HE or wherever the remnants of SHC operate out of will remember to send the cancellation request to the SEC, who will approve it, and then within about a week it will be gone.
How do you know this?
So what this is saying is that instead of having value that could have been invested in Sears, Eddie created a separate entity that s---ed even more life out of Sears faster? Are you trying to make an argument for self dealing here OP? Because you're doing a pretty good job.
Eric Moore at his finest shilling.
This is from Seeking Alpha. Midway through the article is a picture of the author with Eddie.
Blind leading the blind. In FACT the common is being wiped out!
Are you offering investment advice OP?