COTRP

JC Penney Corts Tr Debentures

USOTC

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COTRP

JC Penney Corts Tr Debentures

USOTC

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MasterBlastr PremiumMember

03/27/24 8:39 AM

Post #1,386

No distribution. Clear as a bell. The End.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173676249

Miami Sun

03/27/24 8:25 AM

Post #1,385

Is this thing over??? Is there any hope for anything??

footballref-8541 Free

02/06/24 10:10 AM

Post #1,384

Re: #1,383: @8lang - Will back with New Tickets......😍

Are you saying yours are back?

8lang

02/06/24 9:37 AM

Post #1,383

Will back with New Tickets......😍

MasterBlastr PremiumMember

02/05/24 10:59 PM

Post #1,382

Re: #1,381: @Yukii - Thanks brother for your insight I appreciate it

YW - while I was hoping for something, I am not surprised. Too many claims against the estate, too little cash. I do not have the expertise to try to pursue this any further, though I should probably try to drop a line with the U.S. Trustee, just because. But in my mind, its over.

Yukii

02/05/24 10:39 PM

Post #1,381

Re: #1,380: @MasterBlastr - I always have used the date the shares

Thanks brother for your insight I appreciate it

MasterBlastr PremiumMember

02/05/24 10:13 PM

Post #1,380

Re: #1,379: @Yukii - Oh weird all three of mine got deleted

I always have used the date the shares were removed (declared worthless) as the transaction date.

Yukii

02/05/24 9:10 PM

Post #1,379

Re: #1,378: @MasterBlastr - Same here (Fidelity). No distribution. COTRP

Oh weird all three of mine got deleted this Friday that past so wierd. I’m guessing this is it or is there still some hope? I’m wondering if we ask our brokers to re-enstate our shares at least for a tax loss

MasterBlastr PremiumMember

02/05/24 9:00 PM

Post #1,378

Re: #1,376: @Yukii - Hey guys I just noticed all my shares

Same here (Fidelity). No distribution. COTRP went away for me on Jan 30, CBTRP on Jan 18. CBJCL was gone last year, but I don't have the date.

Miami Sun

02/05/24 8:23 PM

Post #1,377

Re: #1,376: @Yukii - Hey guys I just noticed all my shares

Yup. Mine disappeared from Etrade…

Yukii

02/05/24 8:00 PM

Post #1,376

Hey guys I just noticed all my shares have disappeared out of my account. Has everyone had the same thing happen? I guess that’s it’s we lost?

footballref-8541 Free

01/31/24 2:03 PM

Post #1,375

Re: #1,374: @Bigblock496 - That’s why I had to call Albert Einstein

Looks like they deleted all JCP bonds.

Bigblock496 Free

01/23/24 12:59 AM

Post #1,374

Re: #1,371: @MasterBlastr - COTRP participates in profit sharing with Class 7.

That’s why I had to call Albert Einstein on his bullshit 7.625

Bigblock496 Free

01/23/24 12:59 AM

Post #1,373

Re: #1,371: @MasterBlastr - COTRP participates in profit sharing with Class 7.

That’s why I had to call Albert Einstein on his bullshit 7.625

8lang

01/22/24 9:11 PM

Post #1,372

COTRP will return to the market when the bankruptcy case is over. IMO

MasterBlastr PremiumMember

01/22/24 8:12 PM

Post #1,371

Re: #1,368: @Bigblock496 - 12:44 X • JCP - Notice o....

COTRP participates in profit sharing with Class 7. Class 7 got zero so we get zero. I'm over it, guys.

The End.

PARker1703 Free

01/22/24 3:01 PM

Post #1,370

Cs , has taken cotrp off my portfolio

Bigblock496 Free

01/22/24 1:46 PM

Post #1,369

12:44
X
• JCP - Notice o....
The ANMAP for fiscal year 2022 was approximately $289,660,000. The FY22 Earnout Base is calculated by subtracting the ANMAP for fiscal year 2021 from the ANMAP for fiscal year 2022.
Thus, the FY22 Earnout Base equals approximately negative $5,770,000
[$289,660,000 - $295,440,000]. The FY22 Earnout is calculated at 20% of the FY22 Earnout
Case 20-20184 Document 1245 Filed in TXSB on 11/17/23 Page 8 of 19
Base, which means the FY22 Earnout is approximately negative $1,150,000. Pursuant to section 4(d) of the Earnout Agreement, the FY22 Earnout equals zero for purposes of OpCo's payment if the calculation equals an amount is less than zero.
$110,000,000
$140,000,000
$0
Classes 6, 7, and 8 receive 50% of any amounts payable in this range.
$56,540,000
The sum of the FY21 Earnout plus the FY22 Earnout is approximately $56,540,000, which is $57,690,000 minus $1,150,000. Because the sum of the FY21 Earnout and the FY22 Earnout is less than $110,000,000, the Unsecured Claims Earnout Pool cannot be funded.
Therefore, the amount of the Unsecured Claims Earnout Pool is zero and Classes 6, 7, and 8 will not receive any distribution from the Unsecured Claims Barnout Pool. This means that Class 8 General Unsecured Claims, which cannot recover from the Wind-Down Reserve either, will not receive any distribution.
IV.
Conclusion
Class 4 Claims:
Class 4 Claims were Allowed in an aggregate total of
$1,571,414,062.50. The Wind-Down Debtors estimate that after all estate expenses are paid, the Wind-Down Reserve will contain a remainder balance between $0 and $29,000,000. Any further distribution to holds of Claims in Class 4 will constitute the entirety of the Wind-Down Reserve and will not pay Class 4 Claims in full.
Class 6 Claims:
Because Class 4 Claims cannot be paid in full, Class 6 Claims will
not be paid any funds from the Wind-Down Reserve. Because the sum of the FY21 Earnout plus the FY22 Earnout (the "Earnout Calculation) does not exceed $110,000,000.00, the Plan provides that the Unsecured Claims Earnout Pool cannot be funded. Therefore, Class 6 Claims will not receive any funds from the Unsecured Claims Earnout Pool. Holders of Class 6 Claims will receive no further recovery under the Plan.
Class 7 Claims:
Because Class 4 Claims cannot be paid in full, Class 7 Claims will
not be paid any funds from the Wind-Down Reserve. Because the Earnout Calculation does not exceed $110,000,000, the Plan provides that the Unsecured Claims Earnout Pool cannot be funded.
Therefore, Class 7 Claims will not receive any funds from the Unsecured Claims Earnout Pool.
Holders of Class 7 Claims will receive no further recovery under the Plan.
Class 8 Claims:
Because Class 4 Claims cannot be paid in full, Class 8 Claims will
not be paid any funds from the Wind-Down Reserve. Because the Earnout Calculation does not exceed $110,000,000, the Plan provides that the Unsecured Claims Earnout Pool cannot be funded.
Therefore, Class 8 Claims will not receive any funds from the Unsecured Claims Earnout Pool.

Bigblock496 Free

01/22/24 1:46 PM

Post #1,368

8lang

01/22/24 10:05 AM

Post #1,367

Something happened.............!?!?!?!?!?!?

Bigblock496 Free

01/22/24 7:00 AM

Post #1,366

Re: #1,365: @Bigblock496 - I look this morning at OTCMARKETS.COM and you

It should have said can’t!!!!

Bigblock496 Free

01/22/24 6:44 AM

Post #1,365

I look this morning at OTCMARKETS.COM and you can search for COTRP, CBTRP, or CBJCL?????

Bigblock496 Free

01/22/24 6:44 AM

Post #1,364

I look this morning at OTCMARKETS.COM and you can search for COTRP, CBTRP, or CBJCL?????

webdev2016 Free

01/21/24 8:15 PM

Post #1,363

Re: #1,362: @Bigblock496 - Show proof or your just full of shit!!!

Sir, I’m not going to show my account here. Time will tell.

Bigblock496 Free

01/21/24 7:53 AM

Post #1,362

Re: #1,359: @webdev2016 - Hahaha … I’m the only one hahaha

Show proof or your just full of shit!!! Because what are the odds they would pay the exact number tthe interest rate of the the securities is????

webdev2016 Free

01/21/24 7:34 AM

Post #1,361

Re: #1,360: @MasterBlastr - We all get a prorated fraction . .

I did nothing.

MasterBlastr PremiumMember

01/21/24 5:38 AM

Post #1,360

Re: #1,359: @webdev2016 - Hahaha … I’m the only one hahaha

We all get a prorated fraction . . . except you.

webdev2016 Free

01/20/24 9:30 PM

Post #1,359

Re: #1,358: @MasterBlastr - LOL oh I see . . .

Hahaha … I’m the only one hahaha

MasterBlastr PremiumMember

01/20/24 5:05 PM

Post #1,358

Re: #1,354: @webdev2016 - 7.625 payment on my shares. Things look good.

LOL oh I see . . .

webdev2016 Free

01/20/24 2:37 PM

Post #1,357

Re: #1,356: @Bigblock496 - Where on there web site did you find

In my Charles Schwab migrated account from TD.

Bigblock496 Free

01/20/24 12:27 PM

Post #1,356

Re: #1,347: @webdev2016 - Interesting What my CS account is showing for

Where on there web site did you find this information???

webdev2016 Free

01/19/24 9:52 PM

Post #1,355

Re: #1,346: @PARker1703 - Fingers crossed for 2024 with my 7068 tickets

YES!!

webdev2016 Free

01/19/24 7:31 PM

Post #1,354

Re: #1,349: @MasterBlastr - So we're going to collect all the backdated

7.625 payment on my shares. Things look good.

Bigblock496 Free

01/19/24 11:06 AM

Post #1,353

They told me they were removed, because they are worthless securities.

footballref-8541 Free

01/19/24 11:04 AM

Post #1,352

Re: #1,351: @Bigblock496 - I just looked. My shares of CBTRP disappeared yesterday!!!

Yeah there’s something going on. I called and was told they will reappear soon. I wanted to move my shares to Roth but they won’t allow.

Bigblock496 Free

01/19/24 10:52 AM

Post #1,351

Re: #1,347: @webdev2016 - Interesting What my CS account is showing for

I just looked. My shares of CBTRP disappeared yesterday!!!

Bigblock496 Free

01/19/24 10:51 AM

Post #1,350

Re: #1,347: @webdev2016 - Interesting What my CS account is showing for

I just looked. My shares of CBTRP disappeared yesterday!!!

MasterBlastr PremiumMember

01/18/24 1:54 PM

Post #1,349

Re: #1,347: @webdev2016 - Interesting What my CS account is showing for

So we're going to collect all the backdated interest? Whee?

PARker1703 Free

01/18/24 10:59 AM

Post #1,348

Re: #1,347: @webdev2016 - Interesting What my CS account is showing for

So what is it showing?

webdev2016 Free

01/17/24 8:20 PM

Post #1,347

Re: #1,344: @8lang - COTRP Shares outstanding 4,000,000

Interesting

What my CS account is showing
for 2024 estimated income

My only holdings in that account (migrated from TD) is COTRP and CBJCL shares

PARker1703 Free

01/02/24 8:49 AM

Post #1,346

Re: #1,345: @MasterBlastr - At least . . .

Fingers crossed for 2024 with my 7068 tickets

MasterBlastr PremiumMember

12/08/23 3:31 PM

Post #1,345

Re: #1,343: @PARker1703 - But do we have to now wait until February?

At least . . .

8lang

12/08/23 3:12 PM

Post #1,344

COTRP
Shares outstanding 4,000,000
Current coupon rate 7.625
Cumulative dividend No
Face (par) value $25.00
Maturity date Mar-01-2097
Company Profile : Citigroup Inc.
Sector Financials
Industry Banks
Company Location New York, NY
WOW

Bullish

PARker1703 Free

12/08/23 1:54 PM

Post #1,343

Re: #1,340: @MasterBlastr - Yes - the more objections to claims, and

But do we have to now wait until February?

MasterBlastr PremiumMember

12/07/23 10:54 PM

Post #1,342

Re: #1,341: @footballref-8541 - I think we’re already in the money and

I think the deadline to file claims (against the estate, meaning you and me) has passed. Deadline for the estate (you and me) to file objections to those claims against us has been extended. We aren't the ones filing claims. We are the estate. We hold the debt.

footballref-8541 Free

12/07/23 10:45 PM

Post #1,341

Re: #1,340: @MasterBlastr - Yes - the more objections to claims, and

I think we’re already in the money and they need more claims.

MasterBlastr PremiumMember

12/07/23 10:13 PM

Post #1,340

Re: #1,339: @footballref-8541 - I see this as a positive.

Yes - the more objections to claims, and the more the claims are disallowed or whittled down, the better our chances of getting a taste of cash, or more cash if we are already in the money.