we are now all vested....as of Nov 1...so now we get .4283 shares of Sears Canada per Sears share we own. Sears Canada is trading at $11 Canadian dollars on the Toronto and is down quite a bit today...that is to be expected as ALOT of new supply will soon hit the market. But obviously Eddie feels that we, and especially HE, can benefit from owning this separately. 4283 times 11 equals 4711. Sears US should now be trading ex the spin off so that is money in our pocket. I suppose that the fast boys could do an one day delivery on purchases today and make the record date but would be surprised if that move would overwhelm the normal action in the stock. That would also explain the down of Sears Canada as they short there and buy Sears here to capture whatever they capture with their moves.
thinking about it, it seems extremely odd that SHLD doesn't have a news story about this action in its news section of the stock. maybe they are keeping it under wraps as the common slowly climbs because this truly unlocks value....NAH i'm shortin' this pig.