Thread regarding Sears layoffs

Hoping this would end in 2018 along with the year. Seems like it will drag in 2019.

For Leena-

Don't ya love her madly?

Don't ya need her badly?

Don't ya love her ways?

Tell me what you say

Don't you love her madly?

Wanna be her daddy?

Don't ya love her face?

Don't ya love her as she's walkin' out the door

Like she did one thousand times before?

Don't you love her ways?

Tell me what you say

Don't ya love her as she's walking out the door?

All your love is gone

So sing a lonely song

Of a deep blue dream

Seven horses seem to be on the mark

Well, I've been down so Goddamn long

That it looks like up to me

Well, I've been down so very damn long

That it looks like up to me

Yeah, why don't one you people

Come on and set me free

I said, warden, warden, warden

Won't you break your lock and key

I said, warden, warden, warden

Won't ya break your lock and key

Yeah, come along here Mister

C'mon and let the poor boy be

Baby, baby, baby

Won't you get down on your knees

Baby, baby, baby

Won't you get down on your knees

C'mon little darlin'

C'mon and give your love to me, oh yeah

Well, I've been down so Goddamn long

That it looks like up to me

Well, I've been down so very damn long

That it looks like up to me

Yeah, why don't one you people

C'mon, c'mon, c'mon and set me free

To @WFfiNSD-pqi Frank said it very well.... how about the Doors... and yes, those B6 executives are 'insane'... maybe not 'waiting for the rain' but waiting for a 'profitable quarter' ....quarter 3 was a loss of 900 million...

This is the end

Beautiful friend

This is the end

My only friend

The end

Of our elaborate plans

The end

Of everything that stands

The end

No safety or surprise

The end

I'll never look into your eyes

Again

Can you picture what will be

So limitless and free

Desperately in need of some stranger's hand

In a desperate land

Lost in a Roman wilderness of pain

And all the children are insane

All the children are insane

Waiting for the summer rain, yeah....

Below taken from Prime Clerk. Best I can figure is that bids are due by December 28. If there is only the one stalking horse bidder, no auction will take place on January 14, 2019. If there are no objections by January 29, the stalking horse wins and final sale hearing is February 1, 2019.

Global Sale Process

On November 11, 2018, the Court entered the Order Approving Global Bidding Procedures and Granting Related Relief [Docket No. 816] (the "Global Bidding Procedures Order") for a sale of the Debtors’ assets, including the "Go Forward Stores" on a going concern or liquidation basis.

Important Dates and Deadlines Related to the Global Bidding Procedures Order:

• December 5, 2018: Deadline to submit Non-Binding Indication of Interest

• December 15, 2018: Deadline for the Debtors to designate Stalking Horse Bidder for Go Forward Stores and file a Sale Notice with respect to the Go Forward Stores designating a Stalking Horse Bidder

• December 28, 2018 (4:00 p.m.): Bid Deadline

• December 31, 2018 (4:00 p.m.): Deadline to object to the designation of a Stalking Horse Bidder and any Stalking Horse Bid Protections

• The later of (i) fourteen calendar days after service of the Assumption and Assignment Notice and (ii) January 7, 2019: Deadline to object to (i) proposed Cure Costs for Proposed Assumed Contracts in a Stalking Horse Bid and (ii) Adequate Assurance Information for Stalking Horse Bidder

• January 4, 2019 (4:00 p.m.): Deadline for Debtors to notify Prospective Bidders of their status as qualified Bidders and announcement of Auction Packages

• January 11, 2019 (10:00 a.m.): Hearing on Stalking Horse Designation Objections and on objections to the qualification of any Credit Bid by affiliate or insider, if necessary

• January 14, 2019 (10:00 a.m.): Auction held at Weil offices, if necessary

• January 16, 2019: Target date for debtors to file with the Bankruptcy Court the Notice of Auction Results and to provide the applicable Counterparty with Adequate Assurance Information for the Successful Bidder (if different than the Stalking Horse Bidder)

• The later of (i) January 24, 2019 and (ii) eight days of filing of the Notice of Auction Results and Service of the Adequate Assurance Information: Deadline to object to (i) the proposed Sale Transaction for a Successful Bidder (including a Stalking Horse Bidder), (ii) Debtors’ proposed Cure Costs for Proposed Assumed Contracts not included in any Stalking Horse Bid, (iii) the assumption of and assignment to a Successful Bidder that is not a Stalking Horse Bidder of any Proposed Assumed Contracts or any Contracts or Leases that may later be designated by such Successful Bidder for assumption and assignment, and (iv) conduct of the Auction

• January 29, 2019 (4:00 p.m.) or two days prior to the Hearing Date: Debtors’ deadline to reply to Sale Objections

• February 1, 2019 (10:00 a.m.): Sale Hearing

Probably much later after various legal maneuverings to postpone and postpone and postpone the postponements.

So the 20th is when the judge will decide to let someone buy it or liquidate?

Oh, now they both show up. I had reloaded about half a dozen times before resubmitting. ~shrug~

Dec 13 was a "Meeting of Creditors".

Dec 15 was the "Deadline for the Debtors to designate Stalking Horse Bidder for Go Forward Stores and file a Sale Notice with respect to the Go Forward Stores designating a Stalking Horse Bidder".

Dec 20 is an "Omnibus Hearing".

People have been mixing up these dates.

[Resubmitting without court site link since the inclusion of it seemed to make my post get eaten.]

https://restructuring.primeclerk.com/sears/Home-Index

Dec 13 was a "Meeting of Creditors".

Dec 15 was the "Deadline for the Debtors to designate Stalking Horse Bidder for Go Forward Stores and file a Sale Notice with respect to the Go Forward Stores designating a Stalking Horse Bidder".

Dec 20 is an "Omnibus Hearing".

People have been mixing up these dates.

And now, the end is near

And so I face the final curtain

My friend, I'll say it clear

I'll state my case, of which I'm certain

I've lived a life that's full

I traveled each and every highway

And more, much more than this, I did it my way

Regrets, I've had a few

But then again, too few to mention

I did what I had to do and saw it through without exemption

I planned each charted course, each careful step along the byway

And more, much more than this, I did it my way

Yes, there were times, I'm sure you knew

When I bit off more than I could chew

But through it all, when there was doubt

I ate it up and spit it out

I faced it all and I stood tall and did it my way

I've loved, I've laughed and cried

I've had my fill, my share of losing

And now, as tears subside, I find it all so amusing

To think I did all that

And may I say, not in a shy way

Oh, no, oh, no, not me, I did it my way

For what is a man, what has he got?

If not himself, then he has naught

To say the things he truly feels and not the words of one who kneels

The record shows I took the blows and did it my way

[instrumental]

Yes, it was my way