Lovin Life!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Was just thinking the same thing.. This thing is about to burst....
Would be great to see a strong close over .43 going into the weekend!... Just need everyone to catch up with us and MM's to finish squeezing blood from a stone...
Continue to see those higher low's....
GLTA!
802 is the recording (803)
Agreed, looking forward to MOMO returning and to see what happens over the next week...
Have a feeling we are in for a big day.... GLTA!!
Does it mean that these filings today expose someone trying to defraud the court and estate? or just not wanting to disclose someone like Amazon?
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.
Case 20-20182 Document 800
The United States Trustee files this limited objection 2 based on disclosures by Lazard in this matter that are not complete. The Application and supporting Declaration does not provide complete details about Lazard’s connections to interested parties --specifically the identity of two (2) Parties in Interest with whom Lazard has a relationship. Not providing the specific identities of these Parties in Interest does not satisfy the bedrock disclosure mandates of Bankruptcy Rule 2014 and section 327(a)’s threshold requirements.
Even that dude knows you don't say what your going to do and when... Everyone has jcpnq on their radar... When news hits, I believe this will do unnatural things.... Whether he comes here or not, he got the rest of the world talking about JCP.
The best is yet to come!!~ IMO
Going Concern definition...
Going Concern
Will they get their .28? trying hard....
After listening to court yesterday. I believe like most that a deal is done, but they do have goals for BK which are making quick progress. Once the goals are complete DIP(done) Approval for 250+ store closures (judge very favorable in regards to those) and Lease negotiations - gearing up... it will all come out.
The executive team took bonus before BK - says deal was done / pay back clause ensures it happens.
Next court date is 6/24 I expect real news around then to break... (could be sooner)
I believe they need to unseal a deal before key markers in July... but I don't know enough about buy out in BK to really understand.
No matter how this goes, company is not insolvent... I think everyone in court agrees.. but they can take advantage due to covid.. Perfect storm...
IMO! GLTA!
20200611|JCPNQ|12917444|0|48956479|O
20200610|JCPNQ|11987907|0|47700689|O
short interest from yesterday and day before at about 25%
http://regsho.finra.org/FORFshvol20200611.txt
Bet it's down today... GLTA!!
Conf. bridge full...
Jumped on bridge early..
There were dogs barking, swearing, coughing and a dang corona virus comment.. someone finally muted the line...
lol
Is it this firm? not spelled the same but looks right..
OkinAdams
"Okin Adams LLP Selected as Finalist for M&A Advisor Awards in Two Categories"
Real circus last 24hrs.. We are over the target....
Ever think they got bonus' for selling the company?
just saying... If it doesn't get sold or they quit or get fired.. They have to pay it back.... I know it doesn't fit the negative narrative but.......
Agreed.. Thanks to those providing good DD....
Exciting and strange times... Green day coming!!
GLTA!
Look at the volume, very low.. We traded hundreds of millions above this.. Ever see the ocean pull back before a tidal wave?
GLTA!
I do!! but having it closed to me is better than having it open later... Don't like it lingering over my position....
I have what I need already after doubling down yesterday....
It's time to shoot the moon.... lol
Shoot the moon!
Done.
GLTU
Think they might keep lowering it pre-market and just run it from .31?
Or why anyone, not buying the stock would come to a message board asking the question why they would buy the stock.. On a day we expect to rocket back to new JCPNQ highs.... lol
Will be gladly be picking up if we close gap. Solid here, good times ahead..
Hey, Investor what docket was the commission in? or was it in the court audio?
Thanks to all who contribute to DD.. Much appreciated...
GLTA! Except those who ask these types of questions...
That's the key for me.. They will know what everyone else knows in the case...
Exciting times!!
Here we go!!! GLTA!
Totally, They play a key role!
Thanks to those doing the heavy lifting...
I just don't want to jinks it....
So wound up, I feel sick.. Haven't felt this way since CEMJQ did its thing...
Not yet... 20min break before final discussion
Wow, this guy in court is going off.. I like him...
I did too.. Nice 33% off before next leg here...This is being run by the numbers, chart cooling off, nice consolidation after stop loss sweep...
GLTA!
"David Kurtz, a Lazard Ltd. banker representing J.C. Penney, said during the hearing that “four major institutions” had signed confidentiality agreements to discuss working with the company and its lenders on the retailer’s restructuring. He did not name them.
Sycamore, Brookfield, Simon and Wells Fargo are the four unnamed parties, one of the sources said."
Buyout firm Sycamore Partners in talks to buy J.C. Penney – sources
New HOD coming....
Big Day / huge week.... GLTA
Why Can't All Investors Trade Over-the-Counter Before the Market Opens?
I reject his reality and substitute my own... This is going up... good/gut feeling!!
Excited this morning.... Looking for strong volume and price increase... GLTA
I keep thinking about what the Attorney said about sales only being off about 39% and we know that is getting better... I think 2nd DIP accounts for that and saves millions, with no downside...
Tomorrows a big day... GLTA