Moving the Shrimp to Fiji, if the plan works.
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Too many are loading so they can make a nickel on a 10,000 share trade. It will go down until the scalpers get burned big.
I did the math pretty quick and sloppy. What is the market cap, and what is 85000 times $600 divided by .15?
85000 people? So for about $600 a piece, they could control the company? What did they do with their stimulus checks?
Sadly, this could become a pink scam in weeks if they don't do the Chap 11.
SHLDQ is pink, right?
Or sooner. After the traders/scalpers stop selling for nickels and dimes.
I think that's what KKR has in mind. The problem is probably the Bond Holders and their covenants. The only way to kick those boys out is to pay them in Chap 11.
I am the owner of a new paradigm, and would be more than happy to take over this company.
Its value is entirely based on commercial traffic. The internet wounded it, and Covid19 killed it.
Commercial Real Estate can recover. It will take new paradigms.
Somebody tell Jim that negotiating with bondholders isn't always easy. You have to threaten to drag some of them into a BK court to get them to budge. Management and Shareholders don't want BK, but the bondholders need to loosen up a bit.
I think the big questions are whether Negative Nancy and Nervous Nellie ran out of shares to sell yet.
Best of luck to you. I added some at .1502. I think KKR will do us right. Might take some time.
The rumor is that it will, only under new management. Could be downsized, but it will be there.
When they want to cover, they just put the top up.
You know it's going to be shady when the convertibles show up.
Do you think they drive convertibles?
I'm hoping and dreaming that they do an R/S instead of cancelling the shares. You prefer cancelled to R/S?
I think you mean gnack. Buy on the rumor. Sell on the Knews.
Chap 11 is mostly a reorganization. They have limited flexibility, but they have some. Sometimes they exchange debt for shares. Based on the current info, KKR is taking "control" of the company, which means they will own the majority of shares, not necessarily all of them. They will want the purchase to be marketable, so they will take a large number of shares, and increase the O/S substantially. That increase in shares would create or continue the delisting event if they don't do the R/S.
I could be wrong though. They could be offering more than 500% of JCP market on Friday to buy the company on Monday. (When pigs fly)
R/S is guaranteed. Set your target a bit higher.
Will retain listing on the Big Bored.
Q is for Quarantine. You should wear a mask when you shop here.
Actually, they might not have a chance. I've had some losers that crushed my liquidity so bad, I couldn't buy enough shares when they became winners. I still have some difficulty managing the cash.
Remember, this Q stands for "Quarantine." There's nothing wrong with the company. Pay no attention to the man behind the curtain.
Q is awesome. We love the Q.
The deal should be written in stone by the opening, unless we're dealing with a bunch of crooks. You'll be rich! ;)
Oh that's right. We're talking Wall Street. A bunch of crooks!
I've been busy cooking dinner and working on my Shrimp Farm. Hardly even thought about it as much as you apparently have. Ok, maybe a little. I decided JCPQ is a nice ticker. The Q stand for Quarantine. Everybody is going to be wearing the Q in the fall. It's a 21st century fashion symbol. You've heard about Q on Twitter, right?
It's like that. I was thinking just a little.
They could also cancel your shares. I think KKR usually takes the high road, and pays a decent price but you never know.
Man, I just took a big hit of the hopium. KKR might have ideas that work better than the ones JCP had yesterday.
Covid19 is toxic. We'll find out later if it's convertible.
As long as they don't pay the bills with a toxic convertible, I'll let them wear pants.
A fundamental change is needed. Ask Bullard. People who are immune to Covid19 should get a badge, and they should get a guaranteed job making sure the rest of us are fed, clothed, and provided healthcare.
They would be permitted to go in the fitting rooms to try on new pants.
I won't say the "bottom is in" until I see the ladies trying on the pants in the fitting rooms.
Had to check if Jill was a blonde. I never met a blonde who doesn't like a shiny new convertible.
How about some trashy lingerie to go with that lipstick, young lady?
Penny Stock CEO's are made, not born
This is the part where some shady firm steps up to pay the bills for a toxic convertible.
I've read covenants on other issues. Usually, a default on SENIOR credit means they can't pay the Juniors. Senior must be paid first. That's why it's called senior. So the Juniors need to GET A PLAN, or wait for hell to freeze over and let the seniors figure it out.
I just posted the link. May17 +5 is the date. It's 17 Million, not 12.
Slickers. Hide the default with a new shade of Lipstick.
SENIOR Debt default
Dramatic structural changes are necessary. I suppose the default might trigger some. Senior lenders are not known for making positive changes. May 22 is the big day.
Sephora deal reminds me of an old saw. You can put lipstick on a pig, but at the end of the day, it's still a pig.
I've seen this movie before. Penny stock price with a Wall Street CEO. Doesn't work. You're right about that. She needs to talk to the vulture capitalists who buy penny stocks, not the rich bankers. Of course, she'll end up selling toxic convertibles like they always do.