https://www.cnbc.com/2018/05/18/eddie-lampert-says-sears-is-shrinking-shedding-assets-to-stay-alive.html
3 replies (most recent on top)
"Some people would believe that you can go into bankruptcy and try to negotiate or adjust these liabilities," Lampert told CNBC. "We've chosen a different path." HAHAHAHAHAHAHAHAHAHAHAHA AAAAHHHH HAHAHAHAHAHAHAHAHAHA HA HAHAHAHAHAHAHAHAHA pardon me for finding that the funniest thing I have read all week next to a guy with a broken lawn mower starting it up in the store because no exchange . What path is that Eddie? Straight to chapter 7?
In other words, SHLD is burning their furniture to heat the house. That course of action is not sustainable!
From the article:
"Some people would believe that you can go into bankruptcy and try to negotiate or adjust these liabilities," Lampert told CNBC. "We've chosen a different path."
From a post a couple of days ago:
Eddie made a comment about how bankruptcy can be very helpful to reinventing a company, or some nonsense like that that was clearly about prepping employees for the inevitable filing.
3 days ago by Anonymous | Post ID: @TczwMYj-tty
@TczwMYj-iqw : Are you serious? Bankruptcy? Was Eddie there at the meeting (telephone/video conferencing) or was this discussed behind his back?
3 days ago by Anonymous | Post ID: @TczwMYj-twz
Who's fooling who?