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Dude tell me what has changed? Everyone knew Simon was buying stores. That’s no secret. There is still no security for commons still far as I can tell. Prove me wrong but I see nothing that changes the fact that commons are not protected at all. They have already said they plan for JCP to come out as a different company. So if that is true this will be like Lambert buying Sears and leaving shareholders in bankruptcy.
This makes no sense. Nothing came today except what we already knew which is Simon plans to buy JCP stores. This changes absolutely nothing unless I’m missing something. Honestly it’s looking more and more like Lambert’s attempt to save Sears and him leaving shareholders behind by creating a Newco.
This reminds me of when Sears split off after Lambert set up a Newco and left shareholders behind.
Sorry. Just had a tooth pulled and missed the court so trying to catch up. I see where Simon is forgiving debt for the stores. I don’t see anything that says commons are going to survive here when they come out of BK... ??
Probably more fake news. This stock seems to be full of fake news. Gonna wait and see what’s said in court
We’re about to get F up
Every weekend, judge is gonna save us! Judge is gonna save us! Every week no saving....
First, I don’t like seeking alpha nor did I post anything from them. Second their point was to the judge that they saw covid was going to send them into debt too far to recover so they filed BK. Their case is being proven by the latest find they released. Sure, they are throwing money out the window but they are flushing it all to legally say I told you so to investors. While I agree to begin with it never should have been in BK, JCP is purposely making their case to stay in BK stronger with help from JJ. He’s the one that let them keep pushing the time tables back and is giving them the opportunity to prove the stock worthless. They have done just that. The longer this goes on, the more Scuzburg will keep making JCP look bad on purpose. The judge would have to rule against himself for this to survive and he will not do that. This is dead
There latest filings show they are in the negative on everything and no equity for investors. Value = 0 like it or not these shares are worth 0
How do you undervalue stock that is worthless? This stock was deemed worthless at the beginning of the BK. If anything the change in plans makes the stock even more worthless not more valuable
Yeah I bought those
Lots of chatter but nothing new being said... no, not really... just another dead day at JCP as it goes lower and lower
The latest filings prove what I’m saying is true.
He’s already said it. Here’s an idea. Just for fun why don’t someone demand to know who the classified bidders are? Loki have a feeling people are not going to like what they find out. This has just been one rabbit hole after another. Had this gone quickly then commons would have been zeroed out no questions asked. Now commons taking a slow death approach instead. These guys are way ahead of shareholders. They know the longer this drags out, the more money they can waste to show no value. EC won’t have a leg to stand on in a couple of months cause the damage will be done
Lol. He spent a year preparing for this before they filed BK. He’s way ahead of shareholders. Even pretended to have some deals to drag this on even further lol. He’s just pulling the puppet strings
Lol. He’s gotten away with it on every case. What on Earth makes you think this will be different. Only difference is this time he approved this EC to make himself look impartial and help waste JCPs money. All this is doing is taking money from The company and making them look worse off. He’s literally helping them get rid of excess money
Only plan actually put in place seems common shares worthless. Scuzburg pretended to have other plans. Instead he spent tons of JCP money then claimed the deals fell through lol. It’s a scam
Lol. Same thing said months ago and so far.... nothing
To pretend like he’s giving EC a fair shot.its pretty Bobvious
Looks like JCP cooked the books and judge is on their side
Sold all his shares and moved on. Seen many like him and Bob come and go over my time here
Lol. It amazes me that some are so desperate forsome kind of fake news that they consider twitter a news source... Twitter. Lol
I company trying to waste as much money as it can to rid equity.
This all reminds me of Kmart. This is not too big to fail. It will and it has. Scuzburg destroyed everything last hope that someone would swoop in and take care of investors. No one goin to offer to buy out the company and shareholders. Jmo
Niko probably already dumped his shares this morning. Lol. Feel sorry for those who still can’t get their head around what’s happening
I’m an investor. There is nothing left to invest in here. Judge already has his mind made up. There will be no equity left for commons here. Told you guys a while back if it kept going this would happen. Then their recent release proved it. Nothing left for equity. Judge will not listen to reason except for his own reason. He plans to work with Scuzburg and deplete every last penny.
As the stock price goes lower and lower! Judge has sealed the fate on this. His mind is made up and he knows this is going to go exactly where he wants it to. Down the drain. He could have stopped this and he didn’t. No reason for false hope anymore. This is done
Yep and all Scuzbergs fault. What a tool
Picked up some more today!!
I’m out. Obvious where this is heading. Good luck all. Walking away with a loss on this trade.
EC will probably reference it
Hammer time!! Going up next week!!
The only confirmed one buying it is Simon and they plan to use the buildings for customers like Amazon. They also have other people like Dicks they could put in some stores. I don’t believe Amazon is directly trying to purchase anything from JCP
Maybe we should form a protest against JCP for this phony bankruptcy! Anyone got a spare Guillotine? Maybe we can borrow the one outside of Bezos house? Rofl
Can’t wait till Monday!!! Loving that the EC is involved!!!! Exciting times here!
Breaking news this morning, court moved to Monday because EC has proven everything is investors have been saying from the get go. Scuzburg and JCP are complete frauds. I hope he throws this BK out of his court Monday and fines them for wasting his time
EC has this in the bag!!! Easy 10 bagger here!!
Lol. Yeah yeah. You crack me up. What happened to your buddy? He must not be shorting this anymore.
Charts looking good to me and next ladder step up will be higher than the last!