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Yeah I saw that,,,more algo games IMO. Bid didnt follow, just now finally went up to .095.
Be careful with that tired old scam trick on no real news.
But with that in mind,,,maybe the 100k share buyer knows something we dont.
I-man, Lion, yes they can do these bonuses before a chapter 11 filing, there is nothing illegal about it. Shady as he'll? OH YOU BET IT IS! IMO its downright criminal, but not in this leftwing banana republic we live in.
The sophist argument that Soltau and Wafford made, in favor of the final day $17m debt payment was also highly dubious at best. Another total misleading fraud IMO, but again NOT illegal.
Both you guys screamed and hollered FAKE NEWS at me the whole time JCP was tanking in real time, for the last year or so.
Many warned about this for years as JCP lied and misled the public about its 'BIG TURNAROUND' and its 'RESTRUCTURING' plans. Chapter 11 was always on the table, and now everyone knows the truth.
NOW that we have all that behind us, the TRUE SCAM was finally revealed in court and with the plan, when we finally got down to brass tacks with this total abortion of Sussbergs, this 'OPCO PROPCO' bllsht. I had always suspected the unencumbered real estate MIGHT be worth more than JCP was saying, but that confirmed it for me. As I told you guys, thats when I changed my mind, and decided to make a little pink sheet money on this.
Im out right now, awaiting real substantive news. Best of luck to you guys and all longs. I-man, as I always told you and anyone else within earshot, I never, ever approved of naked short selling in any way, shape or form. Its pure scumbaggery. I dont approve short selling, period as far as that goes. IMO that is what put options are for.
One last thought Lion,,,,,Judge Jones allowed the McDermott farce to happen after 2 months in chapter 11, and the inside frauds there took bonuses 10 times bigger,,,,$105 million. Makes Soltau and her crew look small time. Jones saw NO PROBLEM with it, against shareholder and a big SEC objection.
Maybe the Robinhood boys pile in soon. Dead money for now.
Lookin weak UpTICK,,,stuck at 4 cents.
How high is it gonna bounce? Year high $2.38.
Bouncing from the low,,,watch it. Might be worth a gamble.
LG,,,thats a piece of good news for longs. No question about it. Robin Lewis the so-called expert bashing at the end of the article forgets to mention 1 very important thing. Kohl's isn't for sale, JCPNQ is. Pretty much squashes that talking point, like a nasty cockroach.
I maintain that the best thing goin for you guys, is 2 giants that want the footprint just to keep the other from having it. When you have a high value item for sale (at an auction that is), the best thing that can happen is 2 heavyweights fighting over it!
IF a fair auction process is ever conducted (highly dubious at this point given Davey Jones' history IMO), I believe that Amazon is prepared to go at high as $6 billion total, TOPS. They will NOT of course, if not pushed to that threshold. Bezos is not stupid, he wants it as cheap as he can get it. To him, its not about saving you guys or the junior creditors. Its ALL ABOUT HIM and Amazon, period.
The big unknown, HOW HIGH is Walmart willing to go, in order to keep pace with Amazon? Its as if Walmart MUST have it IMO. Bezos could pass on it, no big deal. Walmart can't afford to let him get a steal on it. SO, I believe WALMART will be the winner, somewhere around the $5 billion mark. If that is true, you guys might get .60 to .75 or so, a nice score from 26 cents. Best of luck to you guys, I have no position. Jones bendover from McDermott taught me a lesson about him. I dont trust him at all. Thats my 1 JCP post for today. MOVE FAST if you get concrete news of a buyout above $4.8 billion. Oh,, AND,,,move even FASTER if the price tag is below that!
Get busy and file it then chief. Lets see how it works out for you and your other personalities here.
Still a clean shell, but still a joke IMO. Notice how these big 'mergers' they come out with never materialize?
Reverse split was a joke too, wasn't necessary.
IMO these guys are just hoping for some sort of reverse merger miracle with a foreign company that wants to trade in the US.
ChainLINK lookin strong, holding the upper $8's pop. IMO $10 short term is a lock. We shall see.
It would be 'HUGE' if its clearly stated that shareholders will get a recovery. Is that what it says,,,as in,,,EXACTLY what it says? I only get one post, so please reply with a link, TIA.
Whiz, they definitely did that and then some. Read my previous post.
It is a great chance for them to finally come clean IMO.
Lets face it, their 2018-2019 financials do indeed exist.
OARs attorneys were able to obtain (at least thru June 2019) quarterly financials from Tempus to use in their GAO protest filing. Undisputed fact. So its not a unicorn/leprechaun chase. The Johans have the goods.
Once again, lets not forget what that revealed (courtesy of Smith, Pachter, McWhorter, OARs so-called legal counsel). Im sure they were not looking to do us a favor when they revealed that TMPS gross revenue 'substantially exceeds' $32,500,000, but they had to in order to make their 'shock value' case against Tempus/TriStar not being a small disadvantaged business.
I called it a silver bullet at the time, and believe it still is. It tells us that Tempus is way undervalued at the current market cap, or that OARs attorneys were lying. Not likely in a GAO process. Conclusion, Tempus is worth way more than 37 cents. Then and now IMO.
Dont forget what else we learned from that filing. We learned the desperate lengths OAR would go to, to save their 'entitled' DOD contractor status. Dont forget how they used 'soft extortion/blackmail' IN MY OPINION, against Scott Terry, The Johans, and yes even Officer Silverstone himself. I copied and pasted it twice for all to see. I said then that I believed OAR sealed its fate with the DoD and NAVAIR (that post was likely also deleted by a basher monitor). On and on about how TriStar had no flight simulators, no pilots, blah blah blah wasn't an SDB, blah blah blah. How in the hell after all that could it be said that OAR is on 'good terms' with NAVAIR? IMO they slandered the contracting officer, and declared themselves 'entitled' to that contract.
This is why I continue to believe that the Navy wants to be rid of Omega once and for all. IMO they are doing it as neat and clean as possible, because they know endless ridiculous litigation will be coming from them no matter what.
How are those few factoids relevant? They explain the total 'dark mode' from the Johans. We KNOW that Silverstone and NAVAIR want TriStar. Undisputed fact. SBA denied OARs protest, NAVAIR/Silverstone denied as well, they cried up the chain to GAO, where they went ballistic.
Its NO STRETCH to assume the Johans have been politely asked by David Silverstone to 'offer NO comment' on all things related to this contract.
Timing of this current SEC suspension,,,very,,VERY suspicious. Indeed.
Down 12% on light volume IMO. Yes 83k shares is light. Panic dumpers.
Doesnt look like he is ever going to be serious about doing whatever it takes to just get BITCF on the pinksheets. So the broker/dealer BS and fake trades will continue until something absolutely blows the roof off this IMO.
Greg needs to tell us how many LINK coins BITCF owns. That would definitely get things goin.
Well,,,then by all means we should keep posting until the BS trading ban is removed. Unreal how Tempus all of the sudden was picked off at this point in time.
Scam stocks trade on the pinks for years, decades, never report a damn thing and never have this BS happen.
I still smell the B707 crasher Rats and their shysters. Timing is just too damn suspicious.
Your assumptions are correct. Judge Jones is a creditor/debtor/ big lawyer ABA establishment guy. He is not shareholder friendly and everyone here reading this knows it. AD HOC EC with no teeth is all you get from him.
He threw you that bone because he felt he had to at the time. Notice how its NOT an 'official' equity committee with real teeth.
He will take the first easiest solution to end this and get JCP 'back to business' as usual (if thats even possible). His BS about 'caring for the employees' is exactly that. Pure BS and rank demagoguery. He doesnt give a fatratsA$$ about the employees. Political populism from the bench, period. All in my opinion of course.
That is where UPTICK and the bash crew are right, in that chances of a fair value buyout are very thin at best.
Your best chances, Walmart and Amazon getting in a pssing contest over it. Those chances are still good, maybe 50/50 (thats pretty good in this environment). I think even the shorts would acknowledge that Amazon and Walmart both need the foot print, badly.
My guess, both will offer the debt of $4.8 billion plus a few shekels for shareholders, just for appearances and to squelch any long term litigation. If creditors are paid at par, what can they say to Jones? Nothing. If shareholders are offered 40 to 50 cents a share (whatever it is must be a small premium to current PPS IMO), what can they say to Jones? Nothing. He will tell them something is better than nothing, and the debtor plan had called for nothing.
OpCo PropCo scam will likely be the end if there is NO eventual buyout. Creditors will scam you for the new REIT company (the real value) and at best unsecureds/shareholders get a piece of the failed retail dinosaur.
We'll see. Thats my 1 JCP post allowed for today.
Thats what I was thinking awe77. IF its just going to be a big fleecing (insane IMO), why put another single second of time into any effort here?
Musk could easily IMO talk those other 4 guys into plunking down $100m each right now, and buying up almost all the DOGE/USD supply. Coinmarketcap says currently 125,000,000,000. 125 billion outstanding. Each guy just makes a mega-purchase, pick the 5 biggest exchanges.
Of course many would scream 'COLLUSION' and they would be right, but not against any 'law' in crypto world.
Then they have DOGE locked up. It would take a Volkswagen type short squeeze to get any of the 5 to sell.
Its insane, but it would take something way out of this world (like this) to get DOGE to $1 IMO.
Yeah I see,,,bounced off .004 almost back up to a half cent.
So true, I have to agree. Remember that little SEC thing he pulled with taking TSLA private at $420. Now its above $1300. Musk says something and all his cult worshippers will pile in.
All that in mind, I dont see how he or anyone else can pump DOGE to $1 with a supply of 125billion. It would take billions to run it to 50 cents let alone a dollar.
MM / bid algo's absorb .114 block sells, no problem. Bad place to panic, ALLM is close to upside breakout IMO.
That is a nice letter. Would be even nicer if he spelled the company name correctly throughout the letter. All the time Mr Heinz put into that, and he kept spelling it 'JC Penny.' Shocking that someone didn't catch that for him before he filed it. Its JC PENNEY. Not Penny like the coin. Big difference.
Still, he made his points, and they are indeed very valid IMO.
Anyway, I will use my 1 daily post allowed to comment on the criminal trading pattern of yesterday. You guys (longs) had shorts on the precipice yesterday at the 34 cent mark, and couldn't push 'em off the cliff. One whale short of a knock out. They showed a clear desperation hand with all of the ridiculous 1, 2, 5, 7 share 'last/bid' deals. Many of which were likely fake/collusion trades. An old algo trick, trying to set off other algo's into selling/shorting mode.
The SEC is MIA and a joke, and will never, ever help you. IMO Jones will not listen to the naked short argument either, even if you prove it to him. He and all the other bankster establishment leftwing hacks know it goes on, and they don't care. Since the bank cabal is the ultimate beneficiary, they will continue to coddle it (naked/criminal short selling) or continue to pretend it doesn't exist.
As far as the Amazon Prime v. Walmart + war, you guys have lady luck on your side there for sure. Could NOT have come at a better time IMO. Everyone knows Amazon is big time interested in JCP. Thats no secret. What about Walmart? They also wanna be king of all retail. What about a dark horse,,,,Buffett and Berkshire Hathaway? BRK has billions, and no where to park it. The Simons, Sycamores, Brookswhatevers,,,all too weak for Bezos IMO. They dont have the deep pockets and wont pony up $4.8 billion to cover the debt, plus a small premium to avoid endless shareholder lawsuits. So IMO you are down to 2 serious bidders for a buyout. Wally and Jeffy. May the billions be with you.
BBANBOB,,,as you know its JC PENNEY. Not Penny. It makes a difference when you are addressing a situation as serious as this.
NEWS OUT JULY 7, 2020! Not just fluff either, real red meat news IMO. Should bode well for ALLM, Slager saying they are closer to a commercial system. Read the link,,,
https://finance.yahoo.com/news/alliance-bioenergy-begins-testing-4th-123010484.html
Hate to disagree, but no, Judge Jones is not 'on the side' of shareholders. He made a careful, cautious, calculated decision to allow an AD HOC equity committee for the time being.
IF he were on your side, he wouldve appointed an official equity committee.
Jones is a debtors' kind of guy. He is not a shareholder friendly judge at all. He is in favor of banksters and bondholders. Thats just a damn fact.
This JCPNQ case MAY turn out to be different than his previous rulings, simply due to the popularity of it.
Additionally I dont think this 'OpCo PropCo' scam of Sussbergs' is gonna fly, given all the eyes on this case.
Too many objections to it already, this may be that 1 case where Jones must capitulate and allow shareholders some recovery, or shares in the new company. Debtors here have simply made way too many glaring errors, and tried to push way too far, too fast.
Time will tell, another hearing tomorrow.
This is my 1 allowed post for today on the JCPNQ board, GLTA.
Oh BTW uptick, yeah I still see ya. Even though I happen to agree with you on Judge Jones, your ad nauseam pumping of a SA article from May 29th is weak. The plan has already changed (see the docket filings of the changes agreed to by US Trustee Hobbs and Sussberg), so for you to continue to thump the original plan is somewhat ridiculous. In the end, you MAY BE RIGHT, and current classes 5 thru 12 may be erased as the original plan calls for, but JCPNQ is not there yet. Come up with a talking point more recent than May 29. Seriously.
Popping on only 6200 shares traded today, .1229 up 19%. Prove that ALLM is going to fail. Show proof or F off.
Yes but shorts have you bottled up at this 32 cent range until real new news hits (if it ever does).
No new buying pressure allows this to continue, and I still dont believe that bezos will ever be the big white knight. Said it before the bankruptcy, still sayin it. Would like to be proven wrong, but not seein it. I'll believe it only when I see it and the ink is dry.
This is my 1 JCPNQ post for the day, best of luck.
Heywards letter, pretty much a fluffy pump & dump joke. NOTHING new, just a reiteration of old pump material. No wonder it tanked.
Agreed. The flipper games are well underway. 3k sold into .42 bid immediately placed on the .45 ask just a few minutes ago. If you're good enough to 'flip' in the spread here and make money, more power to ya.
Only problem, dont get caught 'out' when news hits. By definition, TMPS news will hit after hours. If you are caught 'out' there will be no chance to buy back what you sold on the cheap (current levels IMO).
No upward breakout here until significant news makes it so. If there is no buyout, it will be stuck at 31 cents until something breaks this cycle. JCPNQ shorts are in control for now. Reality.
SirB, you mean the TriStars that AJH92 just showed us on recent YouTube vids (looking nice and clean BTW!) arent at the scrap yard yet like pennyliarboy told us? LMAO as usual, he made those moronic statements when the PPS was way lower.
When the contracts you mentioned do come (and they will), he will look worse than Dennis Gartman. The idiot that wouldve shorted TMPS at 18 cents if he couldve, and if he had the money to back it up (he doesnt/didnt).
Once the SHTF for any remaining shorts, $5 per share will be a pipedream for them with only 26m shares outstanding. Ive said all along the market cap here is a sick joke, especially when it was under $10m. Its gone up a bit, but still a joke.
$5 per share will be 'very conservative' indeed when this is all said and done. Count on it.
Amen to that. I dont believe the sell algos have 19.8k available at 45 cents either. As soon as that fake ask gets tagged for a couple thousand shares, it will jump/be gone.
Yup. Definitely more interest here. Notice how the bids and asks have bulked up. As we have seen here in the past, it doesnt take much buying volume for a breakout.
With an 11 cent spread right now. Super thin. Someone throw a match on the dynamite already.
I can think of 2 words right off the bat. Margin call.
That is awesome.
TRUSTEE OBJECTION! EXPLOSION SHOULD BE IMMINENT! ITS REALLY VERY FORTUNATE.
Davey Jones may have to deep6 himself on this one. Wow.
Its really very unfortunate for these sell/short algo's that got pants'd at .334
Truly
HALTED? Q ticker? WTH is goin on here? Chapter 11 is no reason for a halt, its been coming for months here with CHK.
NO OPTIONS trading, that was all BS. Gotta call it what it is. Etrade lets you place the order, then rejects it.