SHLDQ - Sears Stock: SEC Stops Regular Trading But The Bankruptcy Case Continues

• Market makers no longer make a market for Sears Holdings stock because of SEC rule 15c2-11.
• The Sears Holdings Ch.11 bankruptcy case could continue for many more years.
• Sears needs to get cash from their litigation against Eddie Lampert/ESL in order for their reorganization plan to become effective.
• There seems to be only 34 stores still opened, which is down from 425 when the court approved the asset sale to Lampert/ESL.
• The appeal by 2lien noteholders was heard on September 24 in New York.

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