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absolutely, a very big possibility.
yes true, but this so reminds me of DLO# ON DAY 1, next day it ran another 300 percent. and this one has even bigger potential.
Market cap 1.2M, lol this is so gonna run!
an absolute hold, just starting here.
That pr was too big, another green day tommorow, lets see where this closes today.
buying the dip, just day 1. news too big.
JCP has the Q and trades OTC already. JCP has not even started running yet.
+100, well said, and thats exactly the case.
Too bad the entire EC is holding.
Sykes and his sheep
Sykes this morning: "I hugely underestimated JCPNQ"
Now we gonna have all his sheep chasing and covering as well. Multi day MOAS from this monday on.
Some great little DD. Worth a read.
"On June 1st Amazon offered $10 Billion in bonds on the open market to raise cash. The last time Amazon offered bonds was in 2017 to raise cash to buy Whole Foods."
Dollar tommorow, $3 this week.
Equity valuation $11.37 a Share, meanwhile this is a restructuring not a bankruptcy. Unlike almost all other Bankruptcies, this one is the rare one, that has seen an EC being set up. Remember SHLDQ? $2.80 got hit while it had nothing going for it! $7/8 easily here.
Dont forget Rahul Shekatkar, the petitioner, heads the EC and is also a Director at Gap and has been for over 19 years, unlike the people here, he knows what he speaks about, and he knows the Industry!!
"Note: Shareholders will not let go a single penny from the above assets into the new RetailCO and REIT entity unless and until they get an equivalent proportion of the assets in thenew entity.
Also note that the above shareholders interest and valuation is very close to Mr. Wafford’s declaration to the bankruptcy court from Docket 25, page 38 and docket 1, page 6 (also summarized in section 9 of this petition, where he impliedly calculated shareholders interest at $3.651B)"
https://img1.wsimg.com/blobby/go/e52e137b-92af-4273-a367-58417f136f9d/downloads/Shareholders_Objection_Petition_Docket_Final.pdf?ver=1591920095315
The Bottom of the petition states it all:
"Note: Shareholders will not let go a single penny from the above assets into the new Retail CO and REIT entity unless and until they get an equivalent proportion of the assets in the new entity.
Also note that the above shareholders interest and valuation is very close to Mr. Wafford’s declaration to the bankruptcy court from Docket 25, page 38 and docket 1, page 6 (also summarized in section 9 of this petition, where he impliedly calculated shareholders interest at $3.651B)"
(Rahul Shekatkar is one of the guys that heads the EC if i am not mistaken.)
https://img1.wsimg.com/blobby/go/e52e137b-92af-4273-a367-58417f136f9d/downloads/Shareholders_Objection_Petition_Docket_Final.pdf?ver=1591920095315
JCPNQ Equity evaluation of $11.37 per share! (Docket 1 page 6, Docket 25, page 38)
And thanks to the great Judge Jones, the EC is there to protect all that value for us, we are official and fully recognized stakeholders as per judges order, do not forget that!
"RIP Commons" < The judge said NO to that.
been a lot of bankruptcy plays, never seen a judge ordering an EC being set up, Shareholders will not be ignored here.
We will have buy out news, and most probably this weekend.
Those people refuse to accept reality, written word, and the orders of the Judge. This is NOT your standard bankruptcy.
Docket states clearly, deal being negotiated, deal that is beneficial to all stake holders, we are officially stake holders, the judge declared us so by ordering the EC being set up, we will be bought straight out of bankruptcy court.
docket #686, nothing more needs to be said or looked at. I have another bid in. That one gets filled and my day is made.
Yeah, and then buy out news hits this weekend. Docket #686 stated clearly that they are in negotiation with confidential party discussing deal that is beneficial to ALL stakeholders.
We have the all clear for a big run now with EC granted and 4 major institutions confirmed to be in negotiation.
with 4 major institutions in negotation, rumor takes over from here, and we start squeezing north until buy out is confirmed. the ride starts here.
Docket 686 is very clear, buy out is coming.
and just like that, that untrustworthy pest spreading ugly rat Zardiw is nowhere to be found. The guy is so fat, everything becomes slippery when he around.
Gap wont fill, they can try what they want.
Earnings tommorow, June 11. Sky rocketing north today.
Some manipulation pre market, which is very ok, loading hands want the chance to load at open, too bad it will hit 0.50s within the first few minutes of trade though.
He was the biggest joke during that entire hearing and session. The guy is deluded, and as you can see, psychologically malnourished.
This stock was solid before OCM pumped it a bit more, and will keep on being a great money maker now that OCM did his usual. load these dips.
dip and rip.
we got pre market buying already.
8k out, delisted, trading OTC today.
Anyone remember when Sears filed BK Nov 18? It ran from .15 to $2.70 AFTER BK $JCP better shape than Sears was.
JCP/JCPQ...remember Sears?!
This will go deep green at open.
Bankruptcy or not, there is little to no downside here, this could even see a good bounce on this bankruptcy news. It wouldnt be the first bankruptcy play that bounces on chapter 11 filing.