So with all the debt he's being slapped with, how is he gonna slither his way out of all this? What do you believe will be his breaking point where he's going to realize he won't s--- anymore money and back out of this deal? Or maybe this is all a big planned failure to ease everything into liquidation so that it's not so bad in the media such as toys r us was. Your thoughts all my peeps?
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If he backs out he wood loose his 190 million good faith deposit.
He’s done this before with Kmart. He knows what he’s doing. He’s just trying to preserve as much possible so he can buy JC Penney, merge the two and shutter 400-500 more stores and keep all their intellectual property.
Eddie will bring it out of Chapter 11 to get 9 Billion in credits if Sears makes it out of ch.11. Eddie will then use to buy another company and slowly bleed them dry. He set the modern blueprint for hedge fund guys to kill companies. The ones left on the hook when the reformed Sears begins, is the bank creditors mainly. You would think that they could foresee a 3 Billion dollar future hit when the new Sears goes under in 18 months.
According to plan
He won’t. He’ll simply continually fight it out in court until the majority of those coming after him give up or run out of money. He will then pay the very few that are still left at that point. He has too much on the line to back out at this point, especially because if he does it will expose him to actual criminal charges that will actually be pursued (unlike the allegations put forth by the UCC) as well as a mountain of civil liability.