Sears Holdings Corporation (CE) (SHLDQ) News

Are you living in a cardboard box now? Lmao

That's 100% false with disputes between the creditors and board of directors (fmr).

You also need realize what Sears Canada actually is. It's not selling anything, it's still trading. If liquidated - $SRSCQ would've been pulled. Hey how'd you like that 1.99 H last month for $SRSCQ hot shot?

Getting interesting

Noted and Correct

What are you rambling on about? Sears Canada went bust before Sears. It has been liquidated since 2018. The court case wrapped about about two years ago.

Eatons also went bankrupt

Loved shopping at sears a while back

Who owns the properties

Great flipper a while back

This was never Sears, Roebuck & Co that originated in 1906 IPO by Goldman and Lehman underwriters. That remnant does and still lives onn in Sears Canada Inc. (SRSCQ). Due diligence would've told you that Lamperts "Sears" was just a holding co after he acquired K-Mart. The real roots of Sears are stuck in the Canadian type of bankruptcy from Sears Canada Inc. dating back to their 100% buyout of Sears, Roebuck & Co from a 1952 established JV 50-50% share between the US to and what became Canada's Sears operations by starting Sears Canada Inc. via Simpsons-Sears Limited stores in Canada, eh.

When they bought out that JV, they bought out part of the true Sears, Roebuck and Co. They renamed in 1984. They went public in Toronto and Nasdaq so the US investors could use retail apps to by briefly for the previous decade.

They are still and always were a descendant of the legacy Sears Roebuck whereas SHLDQ was just shares of the holdings for Lampert's majority owned shares of both Sears in the US, which became private (that is Sears stores) and a subsidiary of the NEW holdings co "SHLD" then SHLDQ. Lampert didn't make the holding company "the only Sears"... you need to understand history and ongoing corporate restructuring to understand the process here. If you were betting on IP, any sort of need for the true pioneer legacy Sears to have value, look north. (if you have access to buy from Canadian brokers - here's "CE" restrictions are just to give you another hurdle to jump. Usually a good test of your commitment. I hold a nice amount but nothing expensive in SRSCQ. I dumped my SHLDQ because of Lampert. He was just another hedge fund boy thinking SHLDQ was his own Sears and the one that would live on. It was shares for people investing in his holdings of the original sears. If Lampert dumps all his Sears shares, do stores still exist and operate? A: Yes.

Yes they do.

How?

We will find out but I have my own theories. CRE all over in Sears Roebuck's life cycle still exist in the USA. Things can happen when you stop trying to save the retail business and pivot. However SHLDQ? Doubt that will see a dime, that was just a Lampert bet on him remaining in charge of a restructured operating Sears. The real Sears exists in Canada, stores or not. There's big real estate up there too.

On the plus side, if you hold Sears Canada Inc. shares Sears the private subsidiary doesn't need its boxes to exist. It's text updates, emails, and online/social media presence is ACTIVE. Lots of engagement. Sears Marketplace sells PS5's with a lot of coupons given by text. It's like Overstock.com now but also contains Kenmore and a lot of the well liked and high rating home appliance brands in addition to top marketplace rated sellers. It's like a fair Amazon for those Sears Marketplace folks. They tweet about third party sellers offerings on their twitter - last time I checked, Amazon won't shill it's consumer products from third party sellers over offering their own brands. That's what the EU hate about Amazon. :)

**even Yahoo Finance is behind and fails to mention this is a continuation of Simpsons-Sears Limited JV American Sears and Canadian "Simpsons" from 1952.

Sears Canada Inc. operates as a multi-format retailer in Canada. The company operates department stores that offer various merchandise, including women's, men's, and children's apparel, as well as nursery products, cosmetics, jewelry, footwear, and accessories; and home furnishings and mattresses, home décor, lawn and garden, hardware, leisure, seasonal products, toys, floorcare, sewing, and various appliances. It also operates home stores, which provide furniture, mattresses and box-springs, and various appliances; hometown stores that offer various appliances, furniture, mattresses and box-springs, and outdoor power equipment; outlet stores, which provide clearance merchandise and surplus big-ticket items; and appliance specialty stores. In addition, the company offers a range of home services, such as carpet and duct cleaning, installation and assembly of heating and cooling equipment, custom window coverings, windows and doors, and other products purchased at its stores. Further, it provides logistics, product repair, travel, home improvement, insurance, and licensing services, as well as wireless and long distance plans. Additionally, the company operates optical centers and portrait studios; and catalogue and Internet channels. It has a network of full-line department stores; specialty stores comprising Sears Home stores, outlet stores, Hometown stores, and Corbeil stores; Sears Travel offices; and merchandise pick-up locations for orders placed through the catalogue or online at sears.ca. The company was formerly known as Simpsons-Sears Limited and changed its name to Sears Canada Inc. in May 1984. Sears Canada Inc. was founded in 1952 and is headquartered in Toronto, Canada.

"‘It’s done, it’s over’: Eddie Lampert’s Sears case won’t go to Supreme Court" [March 27, 2023]

"Last week the Supreme Court delivered a hard stop to arguments made by former Sears CEO Eddie Lampert and other lenders looking to get more money out of what remains of the beleaguered retailer.

For years, it seemed like there was no end in sight for Sears’ bankruptcy process, even though it technically concluded in late 2022 after three contentious years, following decades of struggle."

And so that is the end of the line for Eddie Lampert, at least for this particular aspect of Sears’ long-running bankruptcy.

“It’s done, it’s over. He’s out of there, move on,” Komrower said. “The Supreme Court has spoken by not speaking.”

https://www.retaildive.com/news/supreme-court-declines-to-hear-sears-case-eddie-lampert/645994/

Yeah, he's a little off base. Someone needs to tell him to read the bankruptcy plan, page 44, as it pertains to equity interests. Stock is already cancelled, and the shareholders get nothing.

For a good laugh, check out today's filling from Eric Moore(docket 10810). Jesus H Christ, what a raving lunatic. I can't believe someone filed that with the court.

To be very clear on the stock being cancelled without compensation, here's what that page 44 of the reorganization plan says:

7.9. Existing SHC Equity Interests (Class 9).
(a) Classification: Class 9 consists of Existing SHC Equity Interests.
(b) Treatment: On the Effective Date, all Existing SHC Equity Interests shall be
cancelled. Each such holder thereof shall neither receive nor retain any property
of the Estate or direct interest in property of the Estate of SHC on account of
such Existing SHC Equity Interest.
(c) Voting: Class 9 is Impaired. Holders of Existing SHC Equity Interests are
conclusively deemed to have rejected the Plan pursuant to section 1126(g) of the
Bankruptcy Code. Therefore, holders of Existing SHC Equity Interests are not
entitled to vote to accept or reject the Plan, and the votes of such holders will not
be solicited with respect to such Existing SHC Equity Interests.

The common stock is an equity interest in the company by definition.

Still seeing "gamblers" posting about receiving payment from the cancelled stock. Took me about 5 minutes to find the re-organization plan online for free and search it for "equity interests" (the stock).

Page 44 of this:

https://restructuring.ra.kroll.com/sears/Home-DownloadPDF?id1=MjIyOTk4&id2=-1

Stock is cancelled, and there is no recovery for the shareholders. It's over.

The bonds are also worthless, already shown in default, which means no coupons (interest payments) and no redemption. ST pumpers are fleecing people.

http://www.oblible.com/bond-US812350AF31.htm

Some of it is an act, attempting to divert attention away from themselves by pretending to believe long after the dump. They're talking up the bonds, too, like they're made of gold. They aren't.

And they're still babbling on about a short squeeze of a stock that was cancelled four weeks ago. I've seen denial, but this is getting sad. What's funny is almost every single on of these pumpers is also deep in(losses) to BBBY, AMC, and GME. Whatever money they managed to accumulate in life will soon be gone for good.

Still seeing "gamblers" posting about receiving payment from the cancelled stock. Took me about 5 minutes to find the re-organization plan online for free and search it for "equity interests" (the stock).

Page 44 of this:

https://restructuring.ra.kroll.com/sears/Home-DownloadPDF?id1=MjIyOTk4&id2=-1

Stock is cancelled, and there is no recovery for the shareholders. It's over.

While it is a tragic end to an American icon, I just love seeing penny stock gamblers get what they deserve. The repeated stupidity is astounding. It is the same crap over and over again. I'm not sure if it is just the internet providing a forum for the bottom of the barrel or the US educational system has just failed almost completely.

Wonderful

Yep, final trade was at a dime on an uptick. Someone must know something LOLOL. Poof!

And just like that...*poof* an icon gone forever

SHLDQ: bankruptcy PLAN effective. All shares cancelled.

https://otce.finra.org/otce/dailyList?viewType=Deletions

Look at SHLDQ's trade statistics for yourself:

https://ih.advfn.com/stock-market/USOTC/sears-ce-SHLDQ/historical

Average daily volume has been dropping slowly over the past year. Avg. daily volume has now dropped to ~34K shares the past month according to the statistics at the link above.

That low volume makes it very difficult to trade, even for just a few bucks per trade!

Properties would be nice to own

Does this still trade, great flipper awhile back

Is there anyone here still holding onto shares for possible NOL and profit to shareholders?

Not smart at all. Just know that the odds of making money on SHLDQ are very low at this point.

2 important points need to be considered:

1) Don't know how many SHLDQ shareholders are following the Court proceedings closely, but the article I posted, seems to indicate that SHLDQ's bankruptcy case could be in its final stages. Once an "effective date" is declared the already court-approved reorganization plan will go into effect. This plan states that ALL of SHLDQ's equity shares will be "cancelled".

2) Even if the closing of this case still drags on, there is the issue of liquidity. Because SHLDQ is traded on the OTC "Expert Market" it is very difficult to either buy or sell shares and there are no guarantees that a trade order can be filled nor can a trade price be guaranteed.

Read my disclaimer below and make your own decisions based on your own DD. Do not trust anything anyone says on OTC message boards unless you can verify for yourself.

Then there is Blockbuster Entertainment...

YOU SEEM VERY SMART.. I WILL SELL MY SHARES TOMORROW

This bankrupt stock will probably live longer than me.

It still trades a bit based on its former reputation and nostalgia. Some folks just can't let go of the possibility of a resurrection. Anyone who can read and takes a look at the court records, knows there is nothing left here but funds for the lawyers.

The article linked below gives the most recent status of Sears' bankruptcy case that I could find.

Anyone still holding SHLDQ shares should read this and sell their shares before they get cancelled (imo).

https://seekingalpha.com/article/4500405-sears-holdings-may-finally-exit-bankruptcy-after-judge-appoints-mediators

This empty scam owns nothing, zero, nada

Smart to buy real estate estates

This corp hasn't owned that real estate in years.

Well…looks like selling on news…too bad…I grew up in a Sears store (figurative) … I find it amazing that it’s Mgm’t team after having one of the most successful catalogs ever MISSED the tech turn to on line sales and the use of tech to drive costs…I guess they thought the Arkansas “hicks” did not stand a chance against the Chicago monster run by Univ of Chicago MBAs. EDS fell the same way.

Sad!

The property on US 1 and sunrise in Fort Lauderdale Florida just sold for 64 million.
https://www.bizjournals.com/southflorida/news/2022/06/05/aimco-acquires-former-fort-lauderdale-sears-site.html

Still trades and great flipper

are you paid by someone ?

Very sad the end of Sears.

Just now seeing. Link. https://www.msn.com/en-us/foodanddrink/foodnews/71-sears-stores-to-close-permanently-nationwide/ar-AAXRvxM?ocid=msedgntp&cvid=c1125a63caeb4be390b564de089f34b1

Not true, creditors are first in line

They must be getting ready to liquidate the remainder which means the RealEstate is being sold…ginormous dividend for shareholders … shoulda hot in but did not…oh well

Realestate

Liked shopping at sears

Does this still trade 0.0001

How is SHLDQ even worth a solid $.11/share when nothing exists anymore?

"Sears to close ... store, the retailer's last full-service location in Pennsylvania"

January 18, 2022

https://www.phillyvoice.com/sears-willow-grove-mall-closing-last-pennsylvania-store/

Seeking information. Hoping to avoid a bunch of flippant sarcasm from the "I told You So" people. Just wondering if any one else has been left holding SHLDQ shares and if so will there be any updates if by some God given chance the NOLS become the blessing to shareholders that we will be notified of such? Where do our shares currently rest?

Great flipper a while back

Sept 28. Was moved to so-called "Expert Market" where virtually no American brokers allow buys now. For many, it will be Liquidate only.