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Lets hope their 'big emergency' isnt to push davey jones for an immediate conversion to chapter 7. They could say THE PUNTER had his chance and failed. They want their money now, and tired of waiting on THE PUNTER to keep up his useless jawboning.
Lets hope the '70k employees' that jones claims to care so dearly about would prevent this from EVER happening.
Or,,,MAYBE they're tired of not getting paid, and want their version of a Motion to dismiss this sham case. IDK for sure, but in chapter 11, 1st lien/top bond/note holders do NOT get paid, correct?
Well since we know JCP has $1.49 billion in cash, if this scam were dismissed, wouldnt all the seniors start getting paid again on schedule?
#ThePunterIsScammingUS
Yeah I hear ya there, but there is time to be patient with these. Especially with a low outstanding number and a 27 cent (thin) spread.
MM absorbing those .711 bid dump 1k blocks of COTRP. Why would anyone dump these with an ask of .98? LOL unreal.
Dont expect a qualified response.
TD Dominion wanted JUST THE EAST COAST WaMu banks for $30 billion, but that story already had its horrible ending. SheilaCNTBair admitting being 'star struck' by big bankster boy jimmy demon in her disgraceful book. So we KNOW the WaMu theft was a total inside job to save insolvent JPwhoregan at the time, over-levered frauderal reserve pet crony operation.
This isnt even in question anymore. Bair has basically admitted her criminal seizure and gifting to demon, due to her little girl crush on him.
The FrauDIC X-factor is not present here, thank GOD! A big corrupt government entity cant just 'gift' JCP to someone and tell shareholders and creditors to pound sand, so there isnt an exact analogy to be made.
Yup you bet your ass on that, and NO PRIVATE buyer got it. The brokerage (MM for those of you in the twilight zone) desk got 'em and gladly gave the fat finger his/her whopping .0186 per share. F'd 'em with a smile Im sure.
You COTRP guys might be onto something. Now .76 x .95.
Shady MM took the shares of some dumbass fat finger seller at that price is what happened. Or just a con job trying to dress it as a fat finger, hoping to incite panic selling. Sometimes it works for them as all OTC/pink veterans have seen.
Had to be a fat finger or a scumbag MM manipulation attempt. No one 'loaded the boat' there, despite what some might claim IMO.
Apparently so, current spread .72 x .98. Only 77 years to maturity. Imagine the possibilities.
Awww come on now LG! You gonna begrudge the fraud crew a little front running? LMAO they do this every second of every day on the pinkshits. The SEC knowingly allows, condones, and promotes it IMO, along with the not so federal reserve, FrauDIC, and all the other despicable traitors to the Constitution.
The impossible part IMO, is PROVING wormberg colluded with any of these frauds.
Looks like they went up 6 cents today to 71 cents. Couldnt find it when I was searching on yaspew. Such a damn joke. Wish I couldve hit these when they were at .0101 year low.
I have no idea for certain, but I would guess that many migrated to these after giving up hope on the commons.
I would bet that Okin has already done the math on real estate valuation based on 2019 property taxes paid. This would be a known super lowball valuation, as county appraisals usually are IMO.
If this value ALONE shows that sussbergs insane lowballing/posturing is way off, EC might have a case with Jones.
This would also be a valuation that Jones cant himhaw and poopoo as 'book value' and 'unrealistic if it had to be liquidated.'
Okin and the EC should start soliciting bids from real estate developers, asking them what they would pay for JUST JCPs unencumbered properties. Then shove that down jones throat. Gotta get a big fish somewhere to step up and state what he/she would pay for the real estate. As in RIGHT FKN NOW! Not 'well ya know when the scamdemic is over' or other such bllsht excuses. Strike while the iron is hot.
I-man, I guess now you see why I kept telling you jones was NOT the judge you wanted to get for this joke bankruptcy. He's a typical leftwing swamprat judge, like walrat (WaMu heroine).
TenKay, I reached my 15 post limit yesterday and couldnt respond to your continued dodging of the question.
Why is a 'firesale' or chapter 7 necessary when JCP has $1.4 billion in cash on hand? Jones' dire warning is pure fear mongering and everyone knows it. Doors wont come slamming shut overnight if this joke case is dismissed and wormberg is told to go home. Yes, Jones is lying. Everyone knows it. These hack political biased judges lie all the time. Look at that sullivan a$$hole going after Flynn. Not his job, total lying hack.
LMAO damn Rick, just stop it already. Jones made it clear today that an offical EC is never going to happen.
Of course. NOW answer the question as to Jones' overt lie that JCP is instant toast if he doesnt allow the sussberg status-quo to continue? You threw it out there (blame the judge lol), now defend it. GONE OVERNIGHT! Are you telling me jones was being truthful when he said that load of crap? Square that with JCPs current 'cash on hand' position. And remember, this isnt Lehman with $2 billion cash on hand, with it over levered 200 different ways. JCP is retail, not a bankster broker dealer. They couldnt burn through $1.4 billion in a month, with 0 sales.
SO the question remains TenKay, did Jones just lie to the whole world? Yes or no? If you answer no, then explain how JCPNQ is in IMMEDIATE danger of shutting the doors tomorrow? Go ahead, show the board your vaste knowledge now.
I say you dont have the sack to answer, and defend your idiotic little 'blame the judge' post. He is to blame, he declared total authority with the weight of 70k people on his shoulder. You heard him say it today.
Congratulations TenK, you just made the clear case for a FULL, FAIR, REAL valuation of JCPs real estate assets. Encumbered and unencumbered. With 'differences' in the billions, thats not unreasonable to demand.
TenK you still didnt answer the question. Jones stated as fact that JCP would roll up immediately IF he didnt allow 'sussberg to continue to punt' which everyone here knows is continue the status quo.
So again, without your alinskyite spin job of claiming 'blame the judge' and 'debt is at 1 cent', tell us exactly how what Jones said makes any sense, or can in fact be true, when JCP has $1.4B in cash? Thats a lot to go through in 1 day, isnt it?
So lets take Jones at his word and this case is dismissed. So JCP burns through $1.4 billion in a day?
Unless that question is truthfully answered, then yes jones is to blame. He has total authority here.
You're not getting 'bought out' because sussberg just played his weak hand with his dipsht football analogy and HIS big, bad RED ZONE strategy failed. Potential buyers continue to lowball, and he cant move them. Think Walmart and Amazon, still wanting to get this for nothing. They might yet.
So here is how it goes. A total bullsht 'valuation' hearing in 30 days, where Jones will continue to be an advocate for sussberg/debtors, and they will both be SO SORRY, but equity just IS NOT 'in the money'. After all the demagogue in charge just told you about his gigantic 70k people balancing act, and that is sacrosanct. Well, not really, but it sounds good so he goes with it. In truth I bet he doesnt give a fat rats ass about what happens to the employees.
Jones just telegraphed the ending if you know how to read the slow curveball from him. Believe it or not, the market is getting this right. No more reason to assume there will be a recovery, regardless of what Okin/EC/Niko does. The case controller just had the audacity to tell a shareholder that if the status-quo doesnt continue, JCP liquidates tomorrow. Yup, the sidewalks roll up with $1.48 billion in cash plus all other assets on hand, if the debtors arent allow to continue this sham. Best of luck folks.
LOL dont act shocked man, told you guys what a total fkndck he was. Been through it with him before. Well known pro big bankster fraud (deep state establishment) advocate, like all these traitorRat communist judges.
Doesnt have any patience for truth either, since the load of bullshit he just poured on Thompson is totally false.
So, tell us Jones, 'if you dont continue letting sussberg punt', all JCP will close and be in fire sales tomorrow, with $1.48 billion cash on hand? LOL wow TenKay lets hear YOU defend that.
Yup, typical leftist dck. Another month in pinksheet hell, there will never be an official EC appointed here. As he continues to defend his little buddy wormberg.
I wont say I told everyone so back in May. But, I did.
Truth. Thats why I hoped he didnt get this case.
Ahole telegraphing the denial again. Here it comes,,,,
Worm running his fraudmouth bla bla bla! LOL spill it fraudboy.
MM paper tiger AT .31 258k LMAO!!!
Really? They dont do illegal sht to manipulate stocks downward after they open a short position? LOL yeah ok. You may not like it, but everyone knows its true. AND the sec does nothing.
Get ready for another joke day in davey jones locker, as jones will once again become a full-on advocate for wormberg and the fraud crew IMO.
LMAO SHORT CRIMINALS continue to get ROLLED! HAHAHA! Hey Musk, start tweeting about chanos and einhorn associated margin costs, and how much brokers are likely kissing their asses and letting them slide on the massive open short positions. I say NO FKN WAY all the shares they are shorted are legitimate, or have not already been sold (or open limit sell) by the legitimate owners. Prove me wrong.
LG, thats more than enough evidence for the case to be dismissed.
We will likely see another MOTION TO CONTINUE (delay). Should see a MOTION TO DISMISS, that shouldve been granted the first time.
MasturB, did you see Waffords valuation on the original chapter 11 filing? That alone disqualifies you from ever making another 'valuation' comment on this thread.
Plenty of ammunition for Niko and the EC to use against jones and wormberg. Those of you that dont think they are on the same side,,,,LMAO!!! OK, you havent been listening to the hearings very well.
The EC MUST file a Motion to Dismiss (once again) based on this 'highly dubious' brother-in-law BS alone! Carpet bomb time. IF Jones denies, JURY TRIAL DEMANDED.
Once again this is what makes unnecessary BK court a thing to be avoided. A judicial bank cabal fascist has all the authority in these joke CH 11/7 cases. They can make up 'law' as they go, rarely if ever appealed to the circuit courts.
BOB, yeah man I agree with ya and hear ya on all that, I will believe when I actually see it happen.
Sure does, I still cant believe Sonia Chae didnt step in here, on behalf of equity.
LG, he may or may not. He threw McDermott shareholders under the bus despite all the fraud of the CEO and CFO, with public statements during late 2019 that 'everything is fine, dont sell', while everything was not fine. Allowed those scumbags $105m in bonuses right before the fraud CH 11 filing (dwarfing JCPs $10m for the cow and crones), filled in the blanks for MDR/debtor counsel during the joke of a confirmation hearing on March 12 (downright unethical for any federal judge IMO appearing as an advocate for 1 side or the other), overruled with arrogance a RARE STRONG SEC objection from Sonia Chae on behalf of MDR shareholders (feel free to appeal he said), and if all that aint enough, slammed the gavel knowing he condoned all that criminal behavior IMO.
This wasnt that long ago, March 12, 2020.
So, will he go for it again here with JCPNQ? I wish I could answer you, wish I had a crystal ball. I dont.
LG I think you are really warm there. This is why I was hoping Niko/EC would do a carpet bomb filing, as well as a demand for a jury trial. BK judges seem to get nervous when equity demands a jury trial. It moved the needle with mary f walrat during the WaMu farce. Big time.
LG, love your enthusiasm, Jones isnt that humble and would never admit to wormberg and the others being frauds and scumbags. It simply wont happen the way you describe, as much as I wish it would.
Does anyone know what dickhorn is having to pay in short fees? Just guessing, it must be in the millions by now. Certainly some of the true owners of shares he 'sold' have sold (legitimately) by now? Amazing how that weasel and the other short/naked short weasels continue to get away with obvious crime.
Stop it man, seriously.