Touch america holdings liquidating trust
But in a month and a half, owning Sears stock will become an outright exercise in raw nerve. July 10 is the first day the struggling retailer could declare bankruptcy without undoing the mid-2015 sale of several dozen to stores to a specially-formed REIT called Seritage Growth Properties. That's not to say Sears will be submitting its Chapter 11 paperwork to a bankruptcy court at 8 a.m. Lampert almost seems to have convinced himself he can still salvage the imploding company, and will certainly be emboldened by Tuesday morning's news that the maturity date of some 0 million worth of debt coming due in July has been pushed back to the beginning of 2018.
That was a honey of a deal for the real estate investment trust that - oh yeah - also happens to be run and largely owned via a hedge fund by the same Eddie Lampert who currently owns a big chunk of SHLD stock and is also serving as Sears' CEO. It is to say, however, that from any point beyond July 10, Sears stock holders shouldn't act too surprised if they see the "B" word in a headline.
Recently, Sears Holdings said what was becoming increasingly obvious to most investors, not to mention anyone who's been in Sears store lately: "Substantial doubt exists related to the company's ability to continue as a going concern." Coming after seven straight years of huge losses, this announcement seems a milestone on a road that has only one likely outcome.
The sad truth is that it's highly probably that 2017 will be the last year Sears has before filing for bankruptcy protection. According to Mark Cohen, former chief executive of Sears Canada and a professor at Columbia Business School, where he's the director of retail sales, Chairman Lampert "Has stripped Sears of its assets. His reputation in the retail community is that he's a financial pirate." So if the company goes under, what happens to Sears's retiree pensions and earned life insurance?
Now, if everybody knew how to build a pyramid, then not only would the Pharaohs tomb be no greater than Joe neighbors cottage, but the Masons would also lose a lot of money building great castles and churches throughout Europe.
There were images of sacred geometry and the Washington pentagram etc., along with images from Gen ISIS, and Gene SET, and news articles relevant to the drug war, Hemp, sovereignty, and many more subjects and topics.
In 1997 Josh took the ideas public with his website freedomdomain.com, which is now, and temporarily defunct, due mostly to hacker DDOS attacks constantly, probably tracing back to government and cointelpro ops.
It ended its bankruptcy during November 2004, pursuant to a court-approved plan of reorganization.
A new board of directors changed the name of Enron to Enron Creditors Recovery Corp., and emphasized reorganizing and liquidating certain operations and assets of the pre-bankruptcy Enron.