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. The Declaration reveals that Kirkland has connections with several Parties in
Interest that are potential M&A counterparties. The Declaration provides in part that “The Debtors
are in discussions with certain parties (and may be in discussions with other parties in the future)
regarding potential M&A transactions regarding the Debtors and their businesses. Due to the
inherently competitive nature of this process, it is imperative that the identities of these potential
counterparties remain confidential.”
Lol Trustee after JCP again!!!
Makes the emergency meeting even more interesting!!!!
I'm betting something gets leaked out tomorrow after this Emergency meeting
Dont know about him but with me you're mistaken. I go by court dates. The court dates are in the docket. The docket is readable to anyone who chooses go read. It's really pretty simple. Only complicated thing is JCP keeps moving dates around and judge is letting them. One of the changes I remember they filed at night. JCPs whole goal was thg o rush this through the court. They are being slowed down because investors fought back. So they are going to have to do a lot more explaining before a bid is accepted or before they continue on with their plan.
I dont recall anyone saying there days. Feel free to review the court dockets. That is where the trustee filed the information. There was supposed to be a hearing today that got moved till 7/1. And now an emergency hearing tomorrow. You have to keep up. JCP keeps making fast knee jerking movements.
Technically tomorrow there is an emergency hearing with Alix partners whom didn't their relationship with one of the bidders so it's possible info may come out tomorrow
The meeting also just so happens to be about "Trade Agreement and Settlement of Claims (offered under seal, if at all)" after all the sells from execs.... hmmmmmmmmmmmm
Well it is interesting that this happened then they called a emergency meeting for tomorrow with the exact same people who represent the unknown buyer that many believe is Amazon. All coincidental? We'll see
Up chuck this! It's called common sense not speculation. Not having it is very unfortunate for fake bears!
Up chuck this! You're wrong. Alix partners was called out for not exposing another client they work for bidding on JCP. It is believed the client bidding is Amazon.
Up chuck this! Chart is primed for another bounce!
Up chuck that!!!!!! Boom!!!
DEBTORS’ WITNESS AND EXHIBIT LIST
FOR EMERGENCY HEARING SCHEDULED FOR JUNE 25, 2020
"Trade Agreement and Settlement of
Claims (offered under seal, if at all)"
And of course they all refused to comment. Doesnt sound like angry sellers to me
In addition to the exec's two long time big stakeholders sold as well. Which tells me they got some kind of deal that we haven't been told of yet.
Notice someone was buying their shares they dumped since last week. Makes perfect sense.
Well it does. Cause if a buyout comes then the company buying would have to buy their shares back at the same price as they offer the individual shareholders. It very well could be part of the deal for them to sell at these levels and the buyer has already swooped them up. Thus removing them from being paid the price they will have to pay for everyone else's shares. The newco would then issue new shares to the exec's if they remain with the newco. Just a possibility
Looking good here!!! Loving the cheapies!!!
Lol then I'll just buy more Friday like normal lol. Works for me either way!
I was thinking about that too... wondering if they possibly are buying the shares back.... but IDK. It would make sense to buy the shares at the low rate then offer common investors a set amount then reissue new shares of company to exec's
Looks to me buyout news coming soon. Looks like they are getting everything in order before its released. Jmo
Yes and from what I read those who want to remain anonymous... which seems to be a going trend on this stock
Right. Looks like they paid it or worked out a deal
It was a motion from JCP. The previous motion was MOTION AND MEMORANDUM OF CERTAIN UTILITY COMPANIES TO: (A)
VACATE, AND/OR RECONSIDER, AND/OR MODIFY ORDER (I) APPROVING THE
DEBTORS’ PROPOSED ADEQUATE ASSURANCE OF PAYMENT FOR FUTURE
UTILITY SERVICES, (II) PROHIBITING UTILITY PROVIDERS FROM ALTERING,
REFUSING, OR DISCONTINUING SERVICES, (III) APPROVING THE DEBTORS’
PROPOSED PROCEDURES FOR RESOLVING ADDITIONAL ASSURANCE
REQUESTS, (IV) AUTHORIZING CERTAIN FEE PAYMENTS FOR SERVICES
PERFORMED, AND GRANTING RELATED RELIEF; AND
(B) SEEK ADEQUATE ASSURANCE OF PAYMENT
They were seeking an emergency relief. Now it looks like they are withdrawing the request for emergency relief?
Something definitely happening. Question is what? Lol
Another withdrawal vacating the previous request for those companies to consider the debtors payment plan? Weird
Very possible short positions being covered with news pending
So far everything I've read says they work in favor of shorts....
I'm confused about the new filing. Maybe someone with more legal experience can weigh in?
Please take notice that the undersigned withdraws the request for service and requests to
be removed from the e-notices served in this bankruptcy case.
Respectfully submitted,
/s/ Kimberly Sims
________________________________
KIMBERLY M. J. SIMS
State Bar No. 24046167
ksims@palterlaw.co
Letter from a shareholder to judge on there today
Let's not forget JCP likes to get Emergency court dates and move them up with the judge. No telling what will happen this weekend!
Cant wait to see what happens next week!!! Should be very interesting! In the meantime, I'm gonna try to find some more cash to throw at this thing next week!
Jones said they didn't have a good argument for dismissal. They do now
Looks to me they are an investment firm.
There was a filing today with someone representing Antioch Sun Harvest Partners
That filing from the Trustee sure seems to prove the purposely were misleading everyone and acting in bad faith. No way the attorney can claim he didn't know he needed to release that information. Will be interesting how this plays out. The whole filing is a sham now since they hid that information. No telling what else they are hiding
"On May 22, 2020, the Debtors filed the Application seeking to employ AlixPartners
as Financial Advisor. The Application provides AlixPartners is a “disinterested person” ....
"The Supplemental Declaration reveals there are (3) unidentified Parties in
Interest/Confidential Parties that are subject to non-disclosure agreements as either potential
lenders or potential buyers that were not included on the Interested Parties list. One of the parties
has a connection with AlixPartners"
"Section 327 of the Bankruptcy Code provides that the debtor in possession may
employ, with court approval, professionals who are disinterested and who do not hold or represent
interests adverse to the estate. 11 U.S.C. § 327. Bankruptcy Rule 2014 imposes a duty of disclosure
so that courts and parties can determine whether the prospective professional satisfies section 327’s
ethical requirements."
Looks like it's about to hit the fan! Far as I'm concerned it appears they misled everyone and therefore the whole bankruptcy process should be tossed if true. They were clearly representing another figure that they did not disclose.
This is beautiful news!!!!