Pushing penny stocks with a half 1 million dollars at a time !
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His statement is incorrect it was a method of accounting not a statement that that is what is going to occur
Equity is equity. !!!!
News out
September 22nd 2020
UPDATE
This morning we have filed the Declaration of William Snyder (dkt 1454) in support of the Ad Hoc Equity Committee's motion for entry of an order establishing an Official Committee of Equity Interest Holders. I suggest all shareholders read the attachment in it's entirety. In the attached Expert Report Mr. Snyder declares that "The reorganized value of the Debtors is sufficient to show that the Debtors are not now, and have not, at any time during these bankruptcy cases, been hopelessly insolvent". He goes on to say "The Debtors are likely to harvest significantly more value through a reorganization (even if contested) than can be obtained through a distressed sale during a period of severe market dislocation. The Debtors have the value and resources to reorganize and successfully emerge from these Chapter 11 Bankruptcy cases".
Mr. Snyder is a partner in the firm CR3, who the Ad Hoc Equity Committee retained as Financial Advisors on June 15th 2020. Mr. Snyder has 35 years of experience serving in advisory and interim leadership positions. We want to thank William Snyder, Dawn Regan and the entire team at CR3 for all the work they've done putting this together.
Attached to this filing is a 51 page Assessment of Equity Value. Our valuation analysis demonstrated a range of Total Enterprise Value of $8.2B - $10.2B. Assuming $7B of estimated Debt and Liabilities we show Equity Value of approximately $1.2B - $3.2B. With cash levels at over $1.4B, JCP can afford to pay off the DIP loan (450M,rollup can be unwound) pay administrative costs and continue to pay it's debts in the ordinary course. The Debtors will still be free to pursue sale or sale leasebacks of real estate assets to raise cash if needed.
The current sale transaction the company disclosed undervalues the company and it's assets and ignores the Reorganization Value of the company and we will not support any transaction that will not include a return for equity.
Sincerely,
Niko Celentano
Chairman
JCP Ad Hoc Equity Committee
nikocelentano@gmail.com
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Breaking news extremely important
https://cases.primeclerk.com/JCPenney/Home-DownloadPDF?id1=MTYwODI4Mw==&id2=0
New document on prime clerk from CR three estimating total value between eight and $10 Billion dollars holy shit Batman things are getting ready to get good
States attorneys general were disclosed in documents 1453 some posters should be a little worried about this as they continue their investigation !
Manipulation of the stock and those associated with it I believe is being investigated and looked into
Please note in document 1453 that States clearly attorney generals were involved in the discussions Amongst other notable officials which also tells me that there must be cleanup on aisle oneJcp
Lol
Document 1453 discloses who was at the meeting behind closed doors
Ad hoc committee had a seat at the table along with attorneys generals and the results of the meeting have been redacted but mailings have gone out for all to know that the meeting took place and that means there is or had to be an outcome FYI more to come
Let’s see what kind of interest we can generate but I am totally good for flying down and participating and I will help call the media
I guarantee if we all showed up on the courthouse steps and called the media they’d have to report why I’m game I got time on my hands
I know things were being watched as alluded to buy Bob as he has posted prior to this however things have been stepped up a notch since last week I believe everything is being watched and looked into everywhere FYI as it should be
And once the media starts exposing what’s going on this may turn into a very long battle this is why I expect that this should come to a fast conclusion before all of this gets into the public eye
All my best guess of course
As Jcpnq goes ballistic $7-11?16
This letter is how we will get a formal EC maybe even before the hearing
There is so much on his plate he cannot make any public announcements of any kind it would destroy their strategy and their case going forward there’s no way in hell he’s going to come out on this
As stated so many times this will at least go $7 to 11 and if I’m wrong it’ll be over 16
As Jcpnq will go ballistic very soon
GM could possibly increase her position knowing that they have one of their own as the new exec
That was The best post of the day right there
Little bit of a newsflash for some but not for others Scumberg has now been caught again having family members selling part of the real estate transactions and profiting from them it is now time for the DOJ to step in this is completely grounds for being Disbarred
https://stocktwits.com/perry470/message/244880545 https://stocktwits.com/perry470/message/244880545
How much more information do you need to see the corruption that’s going on and trying to wipe out equity wrongly
“Reversal in progress”you’re seeing live
Rip as the corruption is being exposed
Our big payday is coming
$7-11
As Jcpnq Is going ballistic because they can’t cover it all up
Reversal in progress. Yes it is RIP
Reversing the 90% stigma
Institutional fraud going away
Payday for Longs coming !!
It truly is unfortunate for those that bet against the 10%
As Jcpnq truly goes ballistic
$7-11
I1
OK Everyone Longs !! I truly believe that rather we own Legacy shares our post BK shares if there is excess equity we will all participate equally !!
As Jcpnq will here news shortly
$7-11
I1
Please remove the suspect batteries and replace them with the EC batteries lol
In honor of Mr. JC Penny‘s birthday
And because so many were schooled and taught about schoolyard ethics
From top teachers in the country recognized as the very best in there class for fraud , math and accounting and undervaluing accounting , market manipulation ,Credit card evaluation,lawyering practices ,deceit public pontificating ,
The principal has decided to call it a public holiday for all new graduate students
It’ll be officially known as EC vs Tyson
Red herring day
Those that learned will never have to go back to school again those that didn’t after 50 try’s will be back at their desk Tuesday morning
Lmao
As Jcpnq now goes ballistic $7-11
I-1
Ps some students will just never learn
Nice analogy however the playground bully usually doesn’t win at the end LOL drumroll
I could not have said it better myself thanks large green
This sounds off topic to me lmao !!
But it’s very unfortunate it should be sticky
Nice post their You even made sticky status lol
Nice !!!
OK here’s another quick analogy the Jcp ship set out for bankruptcy four months ago enduring fraud corruption manipulation and every other kind of thing you could possibly imagine that could happen in a sea of shizzz kind of like Christopher Columbus we all know what everybody told him and what everybody has been saying here we all know the end of that story and the Jcp ship is about ready to hit land
Hmmmm lol
As Jcpnq Will continue going ballistic 7 to 11
That gap will fill at $8.75 and go back up FYI
Look at what day Brookfield property just came up with an extra billion
https://bpy.brookfield.com/press-releases/2020/09-11-2020-133023767
Another piece of the puzzle wondering why did they need this? Hmmmmm
One more piece to the puzzle they all add up
They have been caught in many areas
https://cases.primeclerk.com/JCPenney/Home-DownloadPDF?id1=MTYwMTk4MA==&id2=0
I1
As Jcpnq keeps goes ballistic
Even Master /Kay Actually bring some value to this board you’re bipolar personality no substance post springs no value to this board
There’s my first deleted Applied you are truly amazing and it is very unfortunate !!
Clueless posting lol
What pump and hype are you specifically talking about?
It’s quite clear there’s no pumping going on most of the facts have been negative unfortunately just exactly who do you believe is pumping here ?
And just exactly who do you think is dumping here or creating a negative statement here !!
If you look at the handwriting on the letter who knows when that was put on it is clear that it was just filed as a court document just now !
Sent may 18 th
Just maybe there’s other court documents that were sent to the court that haven’t been filed yet hense The leak deal
Not that anybody needs to add to the list of fraud allegations but Scumberg did stand up in court and grandstand on Thursday and said he had a deal which requires an 8K to be filed.
Where is the 8K add this to the list of his lies but now this is entirely a legal matter now as well
And just as a gentle reminder lol the exclusive. An NDA. Period Is over and has not been the request has not been signed or renewed that I can see you in the court documents ?
And what is Doc #1416
I1
As Jcpnq Continues going much higher
I do not believe the appraisals are running high in this case as JCPenney’s was anticipating bankruptcy even three year ago when these appraisals were done
Well Mr. scumbag you grandstand in court declaring a material event on Thursday when do we get the 8K ?
Today is the 4 day hmmmmmmm ?
Why scumbags deal fell through?
The real value of the real estate value based in today’s market?
All the other cash and credit cards off shore Nols how much cash there will be come January 1 Insurance policy cash values Nonprofit organizations in what they’re really being used for
Why the judge currently ask for another judge?
Why did they put off the auction?
What was the secret meeting tonight all about with a new judge?
Why I believe that there’s a brand new credible bidder ? X3
Why this will easily go somewhere between $7and 11 and not 16
Jcpnq going much higher
Anything else you would like me to include as JCPNQ goes ballistic tomorrow
What else would you like ?