A very thought-provoking tweet

$JCPNQ
WHY ARE SHAREHOLDERS THE ONLY GROUP THAT HAS TO SHOULDER THE RAMIFICATIONS OF THE PANDEMIC?

— PJ617 🍿🦍WE KNOW! (@PjMaceno) October 27, 2020

LG - Where did you get this update from Niko? I don't see it in my inbox or his Twitter account.

Waiting for an update from Niko !!!

$JCPNQ...Seems the Debtors were trying to pull some behind the scenes manipulation and are being called out about potentially influencing other bidders..this is one of the most entertaining court calls ever!

— Versyditi Holdings Group (@versyditi) October 26, 2020

World War II in 1818 .... we may have to rewrite the history.

Looking forward to an update from Niko to get more clarity on way forward.

Well, there is nothing final yet. The judge has to review and approve the final sale/reorg agreement after listening to all parties and taking into consideration the overall impact on JCP. I believe that we are going to see volatility over the next few weeks until Judge has finalized the agreement.


{so your saying we still have a chance!}

What a Ride !!!! .247 to .15 and back to .22 !!!! Easist way to make 20-30% in 30 minutes .... :0)

Situation: Imminent
Who: $JCPNQ
What: Court Hearing
When: Today, 20 Oct @ 1100CST
Where: TELCON 832-917-1510 205691
Special Instructions: Keep your mics muted

I was hoping for a more detailed update from Niko and the team, instead of a nuclear blast emoji and two-liner tweet !!! .....

If the deal goes thru with shareholders' equity, definitely you will get your return on top of your $40K. I am holding on to my shares till we get some news. As the experts say "Buy on the rumor, Sell on the news".

Responded to the email. Don't think we have much choice at this point.

My take is that they have been informed under strict confidentiality that there are good chances for shareholders. But they still have to pay for the professional services, so this may be the best way out. Else I don't see why Niko and the team will give up on the official committee status with a huge budget.

Cuppy - My Grammarly caught it in time before clicking the send button.

"FYI the bolded word above is misspelled. I hope it wasn't copied and pasted from actual documents!

Correct spelling: ESTABLISHING"

Thanks, LG for the clarity and explanation.

"Tiegroo, a court-appointed Equity Committee generally has powers of the court and funding provided by the Debtor"s Estate that is generally not limited. The EC also has full powers to see all documents concerning the case and has a seat at the negotiating table.

An AdHoc Equity Committee has very minimal funds and limited powers set by the Judge and has limited access to the Debtor's filings and material. The AdHoc EC doesn't have a seat at the table and generally no negotiating powers."

"Thank you very much for this my letter is now sent". Mine too.

I can see why the stock lost some steam during the call. People may have some expectations but the bottom line is that nothing has changed since Niko's update and fundamentals are the same.

I am still holding on and hoping for a positive outcome.

"Which makes me believe that there is some sort of "comfortable" offer at the table." If that is the case, why are we having this call, just a formality?

"Thompson is a Moron". Please excuse my ignorance, who is Mr. Thompson?

pistoncity - Please do provide live updates, if possible.

"Court is cancelled today...". This may be good news that AdHoc EC doesn't need to present their case and assumption is that they are on board and included in the decision related to the future of JCP.

Not much movement in the stock price since the EC update. I was hoping for more "ballistic" movement .....

"Why the PPS pop?" ...... Why not? ........

Well, over 20M volume. Almost twice the 3 months average volume.

Volume already over 25M compared to the average volume (3m) of 10M.

Bob - I bought shares in that range .18-.20. Holding on till the end.

Wonder if there is any impact or relevance of the Niewman Marcus bankruptcy situation on JCP?

https://www.bloomberg.com/news/articles/2020-09-04/neiman-marcus-bankruptcy-nears-end-marked-by-arrest-of-nemesis

The same Judge handling both cases.

Well, Yahoo Finance & Fidelity day charts both showing a low of .0186 for the day. Curious what happened there and how come it went so fast back again to .18? Someone sold it thru 'Limit order' by mistake and bought it right back?

Bob - I am with you. Based on the readings and updates, no fundamentals have changed from yesterday's hearing.

No point in selling at this price level. Holding on till September 30th or until any news comes out.

Miami Sun- That's how I am reading into it. Since it mentioned that Debtor's counsel questions the need for the Equity Committee and still Judge ruled that they need to hear them on September 30th.

"Judge Jones ruled in favor of the Committee". Should we consider it as a positive for Equity Committee?

Agree. Unless the update from Niko tells us something new, we seem to be at the same spot as yesterday.

Thanks for providing the live update. Appreciate it.

Bob - In his latest update, Niko used the term 'ALL' shareholders, I am assuming that address the question I raised this morning and you responded in line with what I am reading from Niko's latest update.

May God bless our stock ! ......

Assuming that the shareholders are included in any Sale deal, is there going to be any distinction between those who were holding shares before the filing of the bankruptcy versus those who bought after the filing of the bankruptcy?

Any thoughts or ideas?

Looking forward to that $22 milestone.

Agree. Should have sold mine at 1.70 and buy back now . Still a good long term stock. Gold is going to go back up.