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No leaks is Gold!
Your lips to God's ears...
Weak hands are easy to bounce...
I agree.. Why talk about a motion before submitted... Pacifier for everyone...
Submit the motion then talk about it... Nothing like showing your hand then trying to bet everyone up....
nice buys coming in.... back to the grind or up?
Still have a feeling that Formal EC not in the cards... . I would love to see it but JJ has already done what he is going to do... Ultimately, I don't think it will hurt our chances... BO or restructure, it is clear that Equity is there.. Just how much is the question...
Can't knock me off this ride until fat lady sings.....
IMO.. GLTA!
Looks like Short interest for 2nd half of July in...
Short Interest Ratio (Days To Cover) 11.8
Short Percent of Float 15.61 %
Short Interest (Shares Short) 26,750,000
Short Interest (Shares Short) - Prior 29,378,339
Had to adjust the prior number using Fintel, even though Fintel not showing updates yet.
http://shortsqueeze.com
https://fintel.io/ss/us/jcpnq
Jefferies LLC - The application is denied without prejudice.
https://cases.primeclerk.com/JCPenney/Home-DownloadPDF?id1=MTUzMDQ4Ng==&id2=0
Had a feeling about this, don't think it's a bad thing if the deal get's done... Thoughts?...
imrichbeotch - lol, it's a long story....
I always thought a partnership would be huge for all parties.... So many possibilities...
Close the gap and run it!!...
This news was clear as mud.. No one was selling so they had to move up a bit to get everything covered in time? Can't keep pushing things out in court...
Never been more confident though, pressure building due to increased revenues.. Every month the price is going up...
Especially with tax holiday and more Gvt. stimulus! PT are all over the board but for sure we don't die here..
IMO! GLTA!
Sure would... Everyone knows how to fix the problem too, but like most things last 50-75 years are not for the people but he elites... The tide is turning...
The best is yet to come...
Sure I'll give you .001% of the 5.5 billion we made... That's why they settle and don't fight it... It's a joke and everyone knows it...
I know where it’s going, just want out of this lockdown..
On multiple levels
something is happening.... volume coming in, looting stops then up we go..?.
Short and sweet!
I like good things, I can wait...
GLTA!
Agree, things get juicy as they say I think on or before the 12th hearing...
Like the change in trading too, just waiting on the volume...
IMO
BULLARD Motion for Relief from Stay - approved..
This was on the schedule for this afternoon, so 1 more item completed...
https://cases.primeclerk.com/JCPenney/Home-DownloadPDF?id1=MTUyMzIzNQ==&id2=0
Unsure... But it shows me that Debt is not an issue.. They want to own the company too... Everyone see's the potential after emergence...
Exciting times! GLTA
Prepare for volume, to me meant power hour... the trading did increase a bit and pattern of trades did too... I imagine it takes more than a few seconds to unwind all this manipulation..
My gut says go, but in reality it happens when it happens...
Enjoying the speculation while we wait...
LOL
Sorry I am working and watching....
I have plenty in hand, prob. more than I should portfolio wise...
This trading is so weird, I like to mess around with small buys and sells to see how they react...
Commission free = Free education
looked like about 167 contracts removed....
No trades on my screen, just bid/ask changes???
Anyone else seeing that?
NM - issue with my app...
A bunch of docs on primeclerk.. Reading now...
Wanted to share before I dig in..
KEP
Establishing Procedures to Sell Certain Real Estate Asset
Establishing Procedures for De Minimis Asset Transactions
https://cases.primeclerk.com/JCPenney/Home-DocketInfo
Procedures Check! Moving Fast!
Docket 1135 skipped in sequence..
Also
Order Authorizing Retention of FTI Consulting, Inc. as Financial Advisor
for the Official Committee of Unsecured Creditors (Related Doc # 884) Signed on 7/30/2020.
Approved...
https://cases.primeclerk.com/JCPenney/Home-DownloadPDF?id1=MTUxNDYwOA==&id2=0
That NYP article was criminal..
I love it when Fake News gets exposed..
Totally agree... Liked him a lot for the first time yesterday, they messed with his deal and he gave them a hard check into the glass! He's going to get it done...
As many have said, this is not some piece of crap company on OTC.. Not your standard BK.. How many cases does judge appoint EC and Funding? LOL everyone agrees all the time on the plan to move forward too...
It's a solvent legacy of America that is evolving into it's new reality. They are playing Chess and we are here sitting at the checkerboard waiting for the game to start...
Grateful to be here... Without pain there can be no growth!
Pain finishing up.. Ready for growth!!
IMO - GL
Sorry error.. Not merger - but BK
Q1 BK activities - 200mil form 10-Q
Sweet, thanks for sharing!
JMO but I don't think the judge will approve Jefferies or the EC... Judge has to do what is best for the estate.. He has already said:
Judge Jones - speed is important to retail esp. longer it goes = bad for estate
Judge - EC formation - not a war chest
Susberg - speed is important and needs to go faster
Adding anything here will extend the timeline and drain $$ from the company, never mind frustrate buyers..
Q1 merger activities - 200mil form 10-Q
If you add up all the short volume from the 16th to now 20mil + today..IMO we are done today with covering and see movement upward...
That's what I heard him say too.. In my mind no need to speculate, sometimes it takes longer agree with that. It's a BK... Recovery of any type for shareholders is all that matters.. And based on what we know today potential for that is very, even extremely likely..
If they have bids then procedures are a formality for the court and public.
I laugh at people who think they will get in after confirmation of bid, is all this manipulation for show?.. I think not.
When it does happen after hours announcement - stock halted and let go much higher...
I still don't understand anyone selling at the pivotal moment we are in right now.. You either have a ticket or don't when it happens that will determine the real hero's and zero's.... Not what you paid for the ticket. Fear is the mind killer! NO FEAR!
All - IMO - $JCPNQ - GLTA HOLDING!
Closing the gap.. This is good.. MOMO on the way IMO!
Agreed....
TY!
What does everyone think of this, last line on the page.. Trying to confirm but don't see any details of ownership for them but came dry...
07/29/2020 02:00 18-60018-7 166 Garden Oaks Maintenance Organization, Inc.
Official Committee Of Unsecured Creditors Chapter 7 Trustee Omnibus Claim Objection
07/29/2020 02:00 18-60018-7 167 Garden Oaks Maintenance Organization, Inc.
Official Committee Of Unsecured Creditors Chapter 7 Trustee Omnibus Claim Obj
07/29/2020 02:00 20-20182 931 J. C. Penney Company, Inc.
The Official Committee of Unsecured Creditors
07/29/2020 02:00 18-60018-7 166 Garden Oaks Maintenance Organization, Inc.
Official Committee Of Unsecured Creditors Chapter 7 Trustee Omnibus Claim Objection
07/29/2020 02:00 18-60018-7 167 Garden Oaks Maintenance Organization, Inc.
Official Committee Of Unsecured Creditors Chapter 7 Trustee Omnibus Claim Obj
07/29/2020 02:00 20-20182 931 J. C. Penney Company, Inc.
The Official Committee of Unsecured Creditors
Fake News!!
Love the hearing today.. Just awesome!!
GL ALL!! $JCPNQ
Yes they are converting. Yes the old dial-in still works... Goto meeting for video...
http://gotomeet.me/judgejones
11 billion dollar company...? So why did they bid 1.7 billion?
As Penney’s Pares Down, Bidders Step Up