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Well personally I am worried that every letter from Niko on the matter, every filing from JCP on the matter, every comment from Sussberg on the matter all say the same thing.... there is NO plan for shareholders to see anything from this. Pretty crystal clear. Yet still I fear there will still be some that are going to be left upset just like Kmart because there are a few misleading people
I honestly believe Niko was responsible for the last two pump and dumps and profited off of it. His letters right after the pump and dumps were just way too suspicious to me
Oh ok. So how is it everyone knows a plan has not been approved but no one can seem to understand there is no plan for shareholders to get anything? Both have been said multiple times and only one seems to be understood by everyone.
Niko says there’s no plan for shareholders to get anything. Read the JCP updates from him. Over and over again like a broken record he has said it. Yet some have somehow distorted his comments over and over again
At this point I want JCP to be bankrupt and be completely shut down. I will never suppose them or what they become matter of fact I will only stick around to encourage others not to be part of this corrupt company
I’ll never shop JCP or whatever this becomes again. No way after all this.
Lol. Dump before pump! Come on! People bought in at .15 and want more of a profit!!! Someone pump this thing!!!
Bar has been on this board for a long time. What brings you here?
As JCP goes Lower and lower it gets further and further from the $7-$16 proclamations
It’s been over for some time now
Niko has admitted multiple times that there is no plan for equity for shareholders. Even the last shareholder update says “For now, however, the most significant aspect of the Plan is that the Debtors are proposing to extinguish all existing shares and will provide zero recovery to shareholders.” I think everyone understands there no chance in recovery at this point... or I hope so
And yet we are all losing.... as JCP continues to go lower and lower
It’s confidential just like Amazon
I was in that one and cashed out way before shares got cancelled. Anyone who bought back then made money before all that even happened.
You provide no valuable information lol. Thanks but I got the real answer I was looking for
Lol ok. Didn’t know that. Good ol IHub. We’ll commons are down the toilet so should see lower prices as this keeps going on
If I’m a common shareholder and there’s a mob of people telling people to sell their shares and buy a different ticker then not only am I being victimized by losing money but also victimized by the mob of people. This board is about JCPNQ and yet iHub is letting people come on here and convince people to sell commons and buy the junior bond tickers. As a common shareholder I’d be pissed. Lol. This board is a joke. Fruit loops claiming $7-$15 a share then convincing people to load up in another ticker after they have already done so. Lol. What a joke man
Lol so people are on this board convincing people to buy another ticker rofl. Too funny. Then you guys get mad at the share price going down here? Haha
Let’s hope the other bidders who Scumburg scared into hiding will come out and show their cards so they can have a fair bid!
New bidder on the table!!!! Bigger and better deals sure to follow. Must be why Scuzburg working so hard all of a sudden to miss his own deadlines. Keep screwing up Scumburg!!!
Well looks like they gonna try to fight the sale. Hopefully they fight quick cause the judge definitely doesn’t care about taking care of everyone. He’s just favoring Scumburg and trying to block everything else. Or as he puts it if it doesn’t show up on his desk he doesn’t see it... like when he’s purposely not allowing it to show up or not wanting to address issues until after the sale. Then he can be like oh it’s too late. What a bunch of crap. Scumburg can’t even meat his own deadlines and Okin isn’t even being given a chance. I did notice that this time they disconnected us all from the call instead of allowing the venting like happened last time lol
What was the deal about illegal trades that was mentioned briefly in court today? I missed what they were talking about.
Where is the competing bid? Anyone seen this mysterious bid?
If you have to apologize for not doing your job in a timely manner that you yourself set... you should probably fire yourself. Just saying
Well great lost more money today yay
Slumber starts off by apologizing for missing his own deadlines. What an idiot
So basically they are finally going to do what they should have done months ago but still haven’t done it. Still plenty of time today for them to file another extension lol
Why did this go to .27 after hours????
Hope and Wonder. That’s all we are left with here.... what would it have been like if....????? Lol what a good trademark
Everybody’s just watching other stocks while this sloth keeps dragging along
If we get anything my guess would be a swap for shares as well.
Hope and wonder! Wow you can buy hope and wonder on Amazon!!! Must mean Amazon is buying JCP!!! Rofl
October 16th 2020
UPDATE
On October 7th the court granted the Debtors Emergency Motion (dkt 1543) for entry of an order Scheduling Hearings and Deadlines with respect to the Restructuring Transaction over the objection of the AHEC and the First Lien Minority Group. In granting this order the Debtors assured the courts they would file an APA (Asset Purchase Agreement) and a Plan Disclosure Statement today, October 16th. Last night the Debtors filed an Emergency Motion seeking an extension of the October 16th deadline until October 19th to file the above mentioned documents. Today the AHEC has filed an objection to this Emergency Motion (dkt 1581) which can be seen here.
https://cases.primeclerk.com/jcpenney/Home-DownloadPDF?id1=MTY1NDk0Mg==&id2=0
Time and Time again in this case the Debtors have missed deadlines without consequences. This bankruptcy case has lacked transparency and the anticipated sale transaction is proceeding in a manner that significantly infringes upon parties due process rights. Parties of interest must be granted sufficient time to review any proposed transaction to test the Debtors business judgement.
In urging the court to overrule objections and ender the requested scheduling order, the Debtors emphasized the importance of accountability. This court should adhere to their request and The Motion should be denied. More significantly, however, if the Debtors cannot move these Bankruptcy cases towards completion, then the court may need to consider more severe consequences in order to ensure that other parties in interest are not farther harmed.
Sincerely,
Niko Celentano
Chairman
JCP Ad Hoc Equity Committee
Yeah for legal purposes they gotta use mistake. We all know it was done fraudulently
Sounds like you didn’t read the filing. I’ve yet to see anyone on here post anything close to that. It’s obvious that the judge will now have to consider each item as it was presented to him and put on his desk. He can’t hide now that it’s there staring him in the face
Yeah this is pretty awesome! Let’s hope we get a win
JCPenney’s falling down, falling down, falling down! JCPenney’s falling down my fair lady!
Lol just further proof of them trying to flush money away
I’ve already wrote this off as a loss. I just hope justice is done in this BK. Dont care about what shares are worth here
Oml. Lol how does this have anything to do with JCPNQ? There is not even a hint of a connection on this