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No it's not. If you feel it is please explain.
So basically they are going ahead with auctioning off the real estate. We wont see any recovery from that I'm sure. So our fate is going to be left in the hands of whomever is buying JCP. The money from the real estate will go to debt. What are the odds someone will purchase JCP and pay shareholders out of BK?
Not necessarily. They just no longer are considered insiders. They are wanting to keep them protected so competition doesnt try to recruit them.
"The firm's primary focus is investing in distressed debt and other special situations investments in the United States, Europe and Asia. The Senior Principals and the Senior Portfolio Managers have spent virtually their entire careers in this investment strategy. "
As was pointed out earlier he buys debt not the stock. They invest in the debt of a company.
This never should have been allowed to go to Bankruptcy. Weve been saying that all along.
I'm ready to push the button if I see something worth changing. I may end up just putting my profits back in at some point. Not going to put the rest back in till I know what they are gonna do. For now though just watching and waiting.
I know that's why I'm saying it's sad. This has been going on for so long. Ridiculous.
Sad really. All the constant "its gonna run"" only for it to end flat or even lower..... craziness
Thanks. Appreciate the explanation. I'm too tired to figure all this out right now. Lol. Gonna take another look later.
Wouldn't the company have to switch to chapter7 bankruptcy to eliminate the long term debt? Chapter 11 and 13 require payback plans I thought.
This price manipulation is so odd.....
Back to where I sold yesterday.... literally could load up with the same amount of shares....
Was also comforting to hear that article was false. But last time I argued an article wasnt correct JCP filed for BK and it turned out to be true. Lol. I knew those numbers were way too low.
Right. At least if I do buy back in I wont have blocks over a dollar still sitting in there lol. Well not if I buy at these levels anyways. That was sickening to look at for months...
We already knew about the cash. We've been saying that.
Well I made profit off of what looked like a bad situation that I fell into over a year ago by averaging down. So, I made money. But could have waited till today to make more lol. I might buy back in at some point but not going to right now. I did like the sound of everything today though.
Still watching it but unfortunately nothings changed with the exception of no liquidation.
Sorry I'm just explaining. Not going to bash the stock. I wish everyone the best of luck. I truly do hope we are wrong in our assessment. I'd like to see shareholders win for once. Good luck all.
Adhoc committed already said, "(While we do not yet have reason to believe that a Chapter 11
Plan accepted by the DIP loan lenders will provide a recovery for shareholders, our current
expectation is that recovery for shareholders in an orderly liquidation is very unlikely.)
They have nothing to tell you cause there is no plan or even reason to believe shareholders will survive. They are saying it loud and clear for all to hear.
I can also say many other longs sold today. This was never gonna run. It just gave an out for people with lots of shares. One last chance go get out before commons 0 out
Just posted what changed my mind. That article. If they are accepting those small bids then commons will be wiped
Everyone knows that bid was too low to take JCP. I dont theres gonna be any real run up till they announce the agreement. If anything that last article basically says investors will lose everything just like they've said all along. Too much like kart to me. People were told over and over shares were worthless but still held them.
Huh, we haven't seen the plan on paper yet. How you claiming it doesnt involve the shareholders? Am I missing something or do you have some hidden inside knowledge?
If this is the case my guess would be all shares would be bought out in cash.
I'll be shocked if commons eat dust since the company is making a full recovery. Commons will survive
Anyone watching this stock knows it is purposely being manipulated to stay in this range. None of us know why yet. Craziness
You'll be begging for forgiveness soon
I'm ready! Show me my fate JCP!!!!
They are all being bought up as part of the buyout IMO
There is more than one thing suggesting buyout in it
Things are looking better than ever! Buyout coming!
I wonder if this was part of the market testing
Which proves they are working together. That's facts not reaching. You literally just proved the point being made
Oh wow. That's legit.
Unfortunately a lot of what you are saying has been proven inaccurate. Please provide links of your claims
The fact they are increasing positions should tell you something
In addition to the increase they are still holding. I'm sure they know what we dont know yet. They wouldn't increase their positions wrecklessly like an amature trader would.
I know for a fact that is incorrect. If so they wouldn't still be holding.