What are you rambling on about? Sears Canada went bust before Sears. It has been liquidated since 2018. The court case wrapped about about two years ago.

I love the Apes on Reddit. They still have no clue as to what is about to happen. They still think someone is buying the company and that they're getting dollars per share.

For a good laugh, check out today's filling from Eric Moore(docket 10810). Jesus H Christ, what a raving lunatic. I can't believe someone filed that with the court.

And they're still babbling on about a short squeeze of a stock that was cancelled four weeks ago. I've seen denial, but this is getting sad. What's funny is almost every single on of these pumpers is also deep in(losses) to BBBY, AMC, and GME. Whatever money they managed to accumulate in life will soon be gone for good.

While it is a tragic end to an American icon, I just love seeing penny stock gamblers get what they deserve. The repeated stupidity is astounding. It is the same crap over and over again. I'm not sure if it is just the internet providing a forum for the bottom of the barrel or the US educational system has just failed almost completely.

Oops. What happened to "We're golden"?

Yes, because companies that file for chapter 7 bankruptcy and have all of their assets liquidated are just primed for a rebirth. Who exactly would be leading this charge? HMNY has no employees, no BOD, and no assets. It does have a bunch of debt though. So tell us, what magic is going to happen. Is there also a chance that American Motors is going to make a comeback?

Anytime I think humanity could not get any stupider, Reddit users step in and assure me that I am wrong.

WTF are you babbling about? The IRS pre-dates the internet and MSM by over a century.

This is what I do not understand with this "movement". GME is not sustainable at these prices long term. Shorts or not, eventual people are going to want to take their money and run. As soon as that happens in large numbers the price will fall back to reality.

That's not how it works. You don't cancel chapter 7. The company is already in the hands of the trustee. The previous owners have ZERO say in what happens going forward. Even chapter 11 cannot simply be cancelled. It takes process that includes the courts and creditors agreeing to the exit.

It is amazing how gullible some people are. Blinded by greed while ignoring every sign that what they believe is fake. This was a Nigerian scam on a grand scale.

There is no debt discharge in corporate chapter 7. The trustee tries to sell every single asset left and pay off as much debt as possible. Once all of assets are gone the trustee files a final report and the case simply ends. The debt still exists, the company doesn't.

Are you serious? If so, you don't know how the internet works. BTW, you don't exit Chapter 7 bankruptcy.

Really? Do you actually think people are shorting a sub-penny stock? Do you even know how shorting works or are you just spitting out buzz words?

This is one of the most irresponsible pieces of journalism I've ever seen. Yeah, Moviepass did not respond to calls because they no longer exist. People are going to go to prison because of this. Posting BS on a website will likely not fall in the SEC sights. Creating a fake website and pumping it all over the internet will.

Yes, it's coming back and suave investors will be richly rewarded. I suggest holding your breath until your shares are restored.

I believe so. They were very small cap though. I heard about them during the Kodak bankruptcy. Someone used them as an example of a crooked bankruptcy. I will see if I can find the names/ticker.

If I remember correctly, there have only been two roll backs of a public bankruptcy case, and both involved significant, provable fraud. They were also much smaller.

No it didn't. I owned WAMU when it was cancelled. It wasn't even trading at $5.00 when the crash happened. I think the payout was about 3 cents on the dollar if that. It was so low I didn't even bother filing a claim. Also, these aren't even remotely close scenarios. WAMU was basically seized by the US Government. JCP voluntarily filed for bankruptcy and auctioned of it's assets.

I use to think that people pumping these stocks were simply scammers trying to lure in newbies. Now I realize that they themselves are the newbies or just plain ignorant of securities laws. The fact that people are shocked by what just happened is stunning. The company has literally telling everyone that their shares were worthless for nearly a year, yet somehow people are still caught off guard.

This post is both sad and scary. OP, please stop buying stocks and take a basic course in investing. You literally do not know how it works or what is going on. Not trying to be harsh, just hoping to save you money in the future.

Have you not been paying attention? Those twits from Reddit are pumping all of these dead or dying stocks. Some people are getting rich, most are going to get burned bad.

Because they don't want scammers trying to con people in to buying the stock thinking it is JC Penny's. This is a common after a 363 sale. Same thing happened with Blockbuster and Circuit City.

Are you seriously trying to compare this to AAR? The ship has already sailed with JCPNQ. It no longer has any assets. It doesn't even have the JCP name. Do some due diligence before posting. This is laughable.

These posts always amaze me. Are people functionally illiterate or simply pumping? All of the assets have been sold. The ticker now owes billions in debt and has no assets. The POR tells them in plain English that their shares will be cancelled. Despite this information some will still claim that this is a gold mine based on a 30% gain of a penny stock. This is a prime example of why democracy doesn't work.

No one is "coming to the table". The sale closed today. Have fun holding the bag.

No one is going to take this case for free. Non-stop lawyers ads have really mislead people on how the law works. When you hear lawyers offer to take a case with no money down and no fee unless they win they're talking about slam dunk personal injury cases with little risk. No lawyer is going to take on a potential multi-million dollar case that has a 99.9% of failing for free. Long shots only are taken when someone is willing to fund it.

Is that the famous "Sunday" trading day? Are you a bot?

Will has ZERO to do with it. Cash fuels court cases and commons have none to spend. No one is taking a case like this on a contingency as the legal fees alone would be in hundreds of millions. Courts almost never intervene in a case like as the survival of the company is the primary interest, not paying off penny stock gamblers. If I remember correctly, there have been only two bankruptcies of public companies overturned in the US in decades, and they were way smaller than JCP.

My apologies on the word, you are indeed correct. It is the effective date. In many cases that never happens, as another poster mention BLIAQ. They converted to Chapter 7 and the case languished in the court for years. The case ended years ago and that garbage still trades.

Oh, this one belongs in the Penny Stock hall of fame. Do you know how much it costs to bring a case to the Supreme Court? NGOs and Super PACs have spent billions trying to bring cases on hot button issues to the court and get turned down. They're not going to even waste the time to laugh at someone suggesting a retail bankruptcy in one of the worst retail downturns in history was a massive fraud.

When the POR is approved. Who knows when that will happen. Sears still hasn't completed theirs. On the other hand, Pier 1 was rather quick. They just got cancelled a few weeks ago.

Anyone who is long on penny stocks is, especially bankrupt ones. They're for playing dead cat bounces and pump and dumps and that is it. Know when to hold them, know when to fold them. I can count the long term penny stock major wins on one hand.

Probably the same number that showed up to work at GM or Sears after they exited bankruptcy. Do you think retail workers have a pension or get stock? Some back office people got burned, but I doubt Penney's had a pension in decades.

I don't think you understand how the stock market works. In order to sell something you have to have a buyer. There are only so many gullible buyers that don't know the bankruptcy laws.

I love how you post a title "a couple of facts" then the second bullet point is "Further, it is my opinion".

And all of the executives just jumped on board it with bags full of money. I'm sure they'll wave goodbye as shareholders disappear under water.

Was that light bulb Jeff Bezos head exploding? As that is what it would take for your scenario to happen. Amazon is still a public company and it would be sued for breach of fiduciary duty if it did something idiotic as you are suggesting. Like many penny gamblers, you keep posting theories that only benefit shareholders. Amazon is not going to pay 4x-8x above the current bid just for the hell of it. They gain nothing from doing so.

This is the theory of "averaging down". This is what investors that have no clue do when they want to make themselves feel better when they lose all of their money. "Hey, I only lost $0.20 a share" when they throw another $10,000 at the stock to get to that average.