Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[Toronto_Trader]

This will quite likely play out this way. I’ve observed both Sears Holdings, Ltd and Sears Canada go through their bankruptcies and subsequent stock price activity. I would expect JCP to drop to $0.05 to $0.08 under its current share structure upon the announcement of bankruptcy and a delisting from the NYSE to OTC Pink Markets.

$JCP