SHLDQ - The Sale Of Sears To Lampert Ain't Over Yet - Major Problems Have Developed
The soap opera drama of the sale of Sears to Eddie Lampert/ESL continues. Lampert wants the bankruptcy judge to approve their motion that a mediator be selected to help resolve their major issues with Sears Holdings (OTCPK:SHLDQ). These problems are no surprise given that some were voiced in open court already as “make or break” issues during the asset sale hearing. For investors, the problem is that there could be now even less money to pay administrative claims, which would completely eliminate any hope for unsecured note holders to receive any recovery, except