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Niko is right. The DIP financing was 'the hook' for the fraudulent parasites to attach themselves. Clear as a bell.
LMAO WOW! You're joking, right? Are we living in the same banana republic where the 'connected' never get punished?
No. If this fraudulent joke of a chapter 11 case is dismissed, this goes back to being JCP and dollars.
The true valuation was revealed when wormberg tried to run this 'OPCO/PROPCO'con game. All events leading up to that, full of fraud IMO.
I hope that NIKO/EC hits davey jones with all cannons tomorrow. MOTION TO DIMISS, WORMBERG is a criminal valuation fraud, JURY TRIAL DEMANDED, what else could they throw?
Lookin weak, BID .20 ASK 1.79. Only 17,500 shares down to .0001.
Neil and Timmy better throw out some more fake merger fluff IMO. If someone dumps 20k shares or more and the market doesnt absorb it all, scam over IMO. Nothing left to reverse scam split again.
Debt slavery condoned by a gutless congress.
Thank the feminazi that runs the show. Until dicki hollow is fired, this will continue to fail.
NIKO & EC should object to this! This is a crack in the door IMO to go after wormberg. Wait, what wormberg? How is it that YOU and 'the debtors' need advice on this case? Arent YOU supposed to be the expert? LOL wow.
I-man thats all good, fine, and well. Lets see what Jones actually does when the rubber hits the road and he has to make a pro-shareholder ruling.
IMO its high time for another VERY LOUD IN HIS FACE 'MOTION TO DISMISS.' Using the debtors' own numbers against them. Current cash on hand should be enough to prove this doesnt need to be in CH 11 right now. The DIP financing is bullshit, and Jones would use that as an excuse (again). The DIP can be undone with the stroke of his pen.
It definitely will if it goes to appealing a BS davey jones rubberstamp decision in favor of wormberg and his fraud crew. Litigating something like this will take at least years, probably decades.
Six months? LMAO Not even close. If shareholders must resort to litigation, how about decades?
It would be wise IMO not to go into this particular weekend 'short' or 'out'. Just my .02, everyone else can do as they wish.
LMAO well of course, you wouldnt expect the rothschilds to take an ounce of pain that they caused, would ya?
OK that would work, wouldnt that also mean that the entity assuming the existing debt would also have to 'carry' the current shareholders? It would be awfully hard to justify a wipeout of commons IMO under such a deal.
How could wormberg justify wiping out class 12 if 1 thru 4 will continue to be paid as agreed, and the 'new OPCO' will still be called JC Penneys?
$1.8 billion is nowhere close to putting class 12 in the money. I think the debt they listed on the original filing is somewhere in the $4.8 billion ballpark. That has to be 'paid in full' IMO before equity sees a penny.
IF they are able to work some sort of 'ongoing' deal with the bondholders and creditors, then I believe they would have to leave existing equity intact. Sadly all bets are off unless Jones approves. Its what makes BK court a thing to avoid for shareholders of any company. Too much fraud and shady BS.
LG,,,right now Im not seein that. Wouldnt that require about $6 billion from Simon? Last I checked, no one was anywhere near the magic $5B to get equity in the money. Tell me if Im wrong.
LOL that fkn worm is about as trustworthy as a diamondback rattler. Trust him at your own risk.
Premarket fraud crew has attacked every day this week. Look at the charts. Then they pin and trap at the .50 increment. Options writers want all Friday ops to expire worthless.
Dicki Hollow is still a huge joke that needs to be gone. End of story.
1000% agreed. Yet we know this isnt our current reality. We dont need to go all the way back to WalRAT and WaMu either.
Remember how she used to color in the blanks for rosen and special K during the BK hearings? Sickening. Jones does the same thing.
Nope, not a chance in hell that jones would grant it, but that isnt the point. Setting up an appeal to the federal circuit court is the point.
CLEARLY there is grounds to hear such an appeal based on everything that has happened here. From the insane insider bonuses to the OPCO PROPCO theft attempt, all in my opinion of course. Lets see how many more blanks Jones fills in for the debtors (when they screw up, just like McDermott debtor attorneys when Jones stepped in and defended stuart spence, cfo scumbag fraud IMO), as he does so well. "Well what you mean to ask him, is X, Y, and Z,,,right Mr Shareholder?" Sickening to hear a federal judge be an advocate and witness for 1 side of his/her case. Yet, this guy did it with McDermott, and I imagine it wasnt the first time.
Yeah I know, it usually freezes when I do that, so I gotta just stay away and post what Im allowed to post.
BB, that would be nice if it indeed does do that very thing. AMEN to that. I still say SOMEONE needs to get friendly TV media coverage of this scam. Sunlight is the best disinfectant
OPCO PROPCO,,,ROTFLMMFAO!! Whoever dreamed up that fkn scam? Wormberg? LOL
BTW Lion, I-man. As we went at it during the months leading up to the bankruptcy, and I kept saying JCP was goin Chapter 11 (and it did), there was never a real indication of true real estate value here until that CH 11 filing, and the OPCO PROPCO scam proved to me that there was hidden value, and the run-up was indeed a nefarious insider act. Its sad it took the BK to find all that out.
Time for another MOTION TO DISMISS, Okin and EC should file it, knowing jones will deny it. Get it on the record that the judge in this case is appearing as a character witness FOR debtors, just like he did with McDermott.
Whomever is messaging, I cant see or reply, I dont have a 'pay for' ihub account. Not worth it with schoolmarm deleting monitors here.
Lion, I thought you bailed? As long as Jones decides what happens, shareholder chances are NOT as good as 50/50. The power must be taken out of his scam court, by media pressure or whatever.
Known big fraud scam from day 1 when wormberg and fraudfriends tried to pull this 'OPCO PROPCO' bullsht.
That ALONE told the whole world what a total robbery attempt this chapter 11 is.
You guys need Okin to start blaring this in any media that will play it for you. Get it OUT of the corrupt court of davey jones locker IMO. As long as he isnt pushed into to do the right thing, he wont. The only way to do that, is a massive dose of sunlight on him and all his little bankster/debtor vampires. You only need to look back as far as March 12, and what he did to McDermott shareholders. Listen to the confirmation hearing transcripts if you can find them. Proof positive of what Im saying. He hasnt changed.
Anyone seen or heard from einhorn lately? LMAO!!!!!
I-man I wish that were true. We've been hearing that bullshit since the great bankster boondoogle of 2008, and it never happens. Talk about pondscum that deserve the guillotine. That would be naked short sellers. I believe it happens here with OXY as well. Its not just OTC stocks IMO. Today, the pondscum options pinners/short sellers were determined OXY was not going to wander too far up from $14. Sickening.
On another note, its delicious watching them getting plowed by Tesla, even though Elon is a total dick IMO.
Why not? They continue to deal with mickeymouseomega and its ancient fleet of flying fossils. TriStar did win the contract last year, proving the Navy wants out of its 'involvement' with them, and yet Navy/DoD still 'deals' with them.
I dont think it sees $9 flat ever again I-man. The jackal will keep propping it up now that barfett is out of commons. He needs to get rid of the feminazi affirmative action ceo IMO.
OXY does seem to share a problem with your prized piggy JCPNQ,,,,looks to me like lots of naked short selling on this stock, daily.
If Im wrong and this does see single digits again, or eventually goes belly up, its all on Hollub and her ill-advised Anadarko idiocy. Just to prove she could beat Chevron.
$12k holding up nicely, lets see it ramp to $13k.
The hypocrite of Omaha dumped a lot of stocks, went big on Barrick Gold. No surprise he dumped OXY common and kept his 8% preferreds. I think he dumped a huge lot of his vampire squid too.
Yeah,,,those familiar with the WaMu debacle, I smell a brian rosefraud (rosen) moment coming with sussberg and jones.
"Im SOOOOOO sorry your honor, but there just wont be any recovery for shareholders. We tried SO hard to make it happen, but the bids just werent there."
So,,,unless Walmart pushes baldy out on the $5 billion (or more) plank, he wont go there by himself just to give shareholders a recovery IMO.
LMAO now THAT sht is funny! Join the other pink sheet scams in the 'medical marijuana' game.
UPGRADED by JPM 8/13/2020, back to $16s maybe $17s IMO.
Does LINK remind anyone else of when ETH went from $4 to $1500?
Simple. Often times they get new shares of the reorg company while the rest of the commons get fkd.
Yup that megalomaniac prckboy does want it all. He knows this opportunity will never come again. There will never be another chance to get a retail footprint like JCP for this price range. And I must say again, Walmart has to decide how far they are willing to watch their market share drop IF Bezos gets JCP. Interesting times.
LOL love to see those criminal short frauds getting buried. Love it.
Definitely a joke/fraud/scam, but I would swear this looks like accumulation going on right now. More lemons to be squeezed out of this scam. Its far from over IMO.
Im lookin for a .41 print, .42 print, then parabolic breakout. Very optimistic I must say, but stranger things have happened on the pinks.