- 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.
For further details see:
Sears Stock: SEC Stops Regular Trading, But The Bankruptcy Case Continues