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Very good listen!!! I think we are gonna be just fine!!!
Well good news for longs like me is we get to make a claim if we feel its needed since we owned the stock before the bankruptcy filing! This is a win win. Got till July to file so will find out if I feel like I need to by then!
News definitely on our side. What JCP is doing is great for investors.
Things to know are that more stores will open next week. The weeks following there will be some stores having going out of business sales. Followed by release of plan. JCP will either split to two companies, sell part of their estate, or a little of both. Either way it's all good news for investors. Once restructure is done JCP will be stronger.
Looks like I was right
Let's go move it up .22
My guess is we close .22
Churn em and turn em. Let's move up
Good article. May see .25 today
I agree. Though I wouldn't break even, double today's price would be good enough for me to move in more than likely
Or you have no idea what you're talking about. I'm going with the latter
How If this post you made is true?
"FACT CHECK..JCPNQ..GOING UP"
So far so good. Finally people getting bored of flipping for a penny or two....
Can it stay above .20???
Lol you guys won't even let it stay above .20
Yeah this reminds me much more of them rather than SHLDQ. I intend to hold my shares for a long time here.
Yeah! Add that with the letter that they have no major debt due till 2023 and we are set! They obviously got some good funding from big pockets
Forget .20 we need back above .50
No doubt. Eventually. And with really good news may even go above $2
Last week bottom was formed. If we continue to move up this week and next week then we could see an uptrend and break out
Chart is looking. Some good news may make this thing move up.
I need this to .50 to even break even at this point
I'm not seeing a break out. This has been in the same channel for quite some time....
URBT trying to scam people in 2020 lol
Rofl. This is such a joke. Been trying to launch for 10 years now. Rofl
Definitely going over $1 by end of summer!!
Jill posts real news. We can depend on her!
Yawn. Boring. Come on Jill release the news already!
When pigs do this can too
It can't even get to .25 cause of the penny flippers. Bringing it up then driving it back down
Oh Jill... please put this to rest
Lol people just playing games with this stock now
Actually there is a lot of jargon that I beg hadn't seen in other companies filings about anyone who become 50 percent shareholder must register it with the judge. So.... it is possible that is part of the plan....
JCP going to take care of share holders! No doubt here! Let's go!!!
You obviously do not read filings. All this is addressed in the company filings. Hooked on Phonics works wonders
"The Order is designed to assist the Debtors in preserving certain of their tax attributes by establishing, among other things, the procedures (including notice requirements) that certain stockholders and potential stockholders must comply with regarding transfers of, or declarations of worthlessness with respect to, J. C. Penney’s common stock, as well as certain obligations with respect to notifying the Debtors with respect to current stock ownership (the “Procedures”)"
"On May 16, 2020, the Bankruptcy Court entered the Order Approving Notification and Hearing Procedures for Certain Transfers of and Declarations of Worthlessness with Respect to Common Stock"
This tells me that there will be a process for shareholders to transfer their stock to New JCP or do nothing and then it would be deemed worthless. Imo
PART OF
Bankruptcy
STOCK TRADING STOCK TRADING STRATEGY & EDUCATION
What Happens to the Stock of a Company That Goes Bankrupt?
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By MATT LEE
Updated Apr 17, 2020
When a publicly-listed company declares bankruptcy and goes into liquidation, the company's shareholders may be entitled to a portion of the assets, depending on what type of shares they hold. However, the stock itself is worthless, and cannot be sold.
The owners of common stock shares are last in line for a share of the firm's liquidated assets, so the hope is a faint one.
KEY TAKEAWAYS
If a company declares Chapter 11 bankruptcy, hang on. It is asking for a chance to survive and recover. Your shares may recover with it.
If it declares Chapter 7, the company is dead and so are your shares. You're last in line for repayment of your investment.
Owners of common stock often get nothing when a company enters liquidation.
What Bankruptcy Means
Two types of bankruptcy are recognized by U.S. law, and the differences are important to shareholders. In either case, the company files for bankruptcy because it is in such deep financial trouble that it is unable to pay its immediate obligations. Business as usual is impossible because it can no longer even pay its suppliers. It has only two options:
Chapter 11 bankruptcy signals that the company is asking the court to protect it from its creditors until it files a detailed plan for how it intends to recover financially. If the court accepts the plan, the company may renegotiate its debts, drastically cut its costs, and resume doing business. Over time, it may thrive and emerge from bankruptcy (or not).
Chapter 7 bankruptcy means that the company has shut its doors for good. Its assets will be sold and the entire proceeds will be distributed to its creditors in a strict order of precedence.
https://www.investopedia.com/ask/answers/06/bankruptpublicfirm.asp
I want Amazon to at least pay me $1 for my shares!!!
I need this thing back to .50 just to break even lol