Moving the Shrimp to Fiji, if the plan works.
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I went out shopping, and forgot to buy the international calling card, so it might be a little while before I find out if the phone number even works. I could get the calling minutes online, but I feel safer paying cash at the local store.
He offered something, but nothing showed up so far. Same guy as before. Same result as before. I told him to stop calling, just send the check.
So what do you think? Should I call Bodouroglou and ask him to see if Qatar wants to register those ships in the Marshall Islands? Maybe see if they will lend Box some of that money? Sounds like a real friendly number. Was that Billions, with a B?
They're building some new ships. Anybody know where to find a Captain and crew?
Qatar Petroleum signs $19 billion shipbuilding agreements with Korean companies
Question for the board. If a cannabis company files Chap 11, is it called a Dankruptcy?
The most "value" you can get out of this stock will be the valuable lesson that they're all crooks. IMO.
I guarantee that if the planned "cancellation" goes through, I will never shop there again. I don't own the stock, and I am not short. I sold most of my position just before I read the "First Day Motions" and the rest immediately after.
The lending environment is good right now. Add some Government funds, and it could build some businesses. I'm getting to know the people, and advising on the system design. Oil sure took off. My imaginary ships offloaded the cargo too early.
More class than a class action.
There were estimates before Covid, but commercial RE has crashed since then. I think Marvin sold a bunch of it, too.
IIRC, They cancelled the common shares and created new ones which were given to the creditors, the unions, and the Govt. Is that it?
I have to wait 30 days so I don't have wash sales.
That's what it says in the RSA plan they wrote, signed, and got paid for. Approved by the Judge, too.
1) Public Schools
2) Reading Comprehension
3) Lack of Experience
3 of the possible reasons. Some just want to attempt the "buy low, sell to Joe" strategy, and daytrade it for a scalp.
Amazon is not your friend. They took the market before Covid crushed the commercial RE. They probably want to buy the stores and the apparel in a 363 sale.
As I read the deal, the lenders gave $900 million in credit to a company which they would then own. Effectively giving themselves $900 million which they can then spend on building "their" company and/or recovering the loans they made to the previous owners and management
The interest payments would have been tough. They would have thousands of dollars of debt to pay to keep he stores.
The 85,000 employees could have bought the company for $750 each, but they let their CEO sell them out. I think Soltau is pronounced "sold out" or very similar.
"On the Plan Effective Date, all Equity Interests in JCP shall be extinguished and cancelled. Holders of Existing Equity Interests shall receive no recovery on account of such Existing Equity Interests."
I think the CEO signed off on this, but I could be wrong.
https://seekingalpha.com/article/4348419-bankrupt-j-c-penney-might-end-up-selling-all-assets-and-liquidating
Depends on what you read? First Day Motions?
Careful. I have gas.
Or maybe they are planning to bid on the 363 sale?
These Bankers are so slick, they are giving $900 million TO THEMSELVES, and taking away the hard earned reputation that WE PAID FOR.
If I had a Lawyer and any serious interest left, I would file a motion based on the National Emergency. This is a form of price gouging, and is illegal.
Yeah, I know that. I mentioned it previously. Amazon killed retail, and COVID killed the Real Estate. So they will never get a Vaccine? You are such an optimist!
The REIT will get the RE even if the stores close. They can find new tenants and collect rent. Of course, JCP doesn't own all of the stores, and BK allows them to break leases.
I bought JCP because of the RE, so I hope they do a fair value distribution. I never was into the retailer hype. If they split it fair, I will buy the REIT shares in a few months.
Putting together a REIT is a positive sign. They want to distribute shares of it so it can be traded. Distributing a fraction for each JCP share would give them an instant market following and show respect to current shareholders. I don't expect to make a lot of money from it, but it would feel a little less painful.
This never happened. It's chemtrails, dude. It couldn't be just the virus.
Under a dime. SHLD didn't have Covid hanging over their heads.
IDK, they are spinning off their Real Estate, according to something I read. So it isn't to Eddie, but another "player." Is the name important? Of course, I predicted this a few days ago, so I'm not surprised. I called them "Wall Street Bankers" and "crooks" if names are important.
Aye, there's the rub. The Lawyers get an even bigger cut to keep the Developers off the radar.
I'll bet they are using OPM. Developers taking a cut off the top.
Hundreds more. (Just like that one) With JCP as the anchor store.
Again, I would suggest a consultation with an Attorney. I don't think they can say it until the clerk stamps "FILED" on the paperwork, and I would not it advise it, either way.
It "was" a value play for the Real Estate, but Covid-19 killed that. Now it's the same play, but the lenders will get the "deep value play" when and "if" they can rehab the Commercial RE biz, IMO. It's a big if.
If I could, I would increase the type font and make it a BIG RED IF. AFAIK, I can only change the color.
IF
LOL. The Q is in fashion. Everybody will be wearing this fall. Remember, you saw it first here.
JCP. the trend setter. Watch Amazon try to come out with a cheap knockoff.
Call me Captain Obvious. Equity is already wiped out. It came from $10 five years ago. 98% gone is pretty much "wiped out."
The BK Bankers will probably take all of the Real Estate and give part of the retailer facade to the shareholders. Maybe they will find a more agile CEO? Maybe they will go through about 10 of them until they do? It's pretty much a dead business model and will require a slick new paradigm to succeed. The landscape is covered with dead retailers. Not sure the bankers will do any better with the commercial space, but it will be their plan and not the same one that depleted equity for the past 20 years.
The first release contained words that left the BK option available. Maybe a Lawyer can explain why they couldn't spell it out before the clerk stamped the page with the word "filed" on it?
Sorry for the double post. It posted slow, and I jumped on the button twice.
A few people jumped to the conclusion that paying interest meant no BK. I did not. The only jumping I did was on the sell button with every pop.
A few people jumped to the conclusion that paying interest meant no BK. I did not. The only jumping I did was on the sell button with every pop.