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

[The Man With No Name]

No, the Debtor wants to approve up to $3M for potential buyer(s) for their legal expenses incurred while looking under the hood. Whoever is looking (cough Amazon, the worst kept secret ever) has no doubt signed NDA's and is pouring over the data so that they can strike an offer/make a deal. If no deal is made, they want to be repaid for their time.

This is standard stuff. What isn't standard is the secrecy....which is usually frowned upon in bankruptcy cases. The fact they went this route is further indication it's Amazon.

I don't care about the RSA and I don't need any bankruptcy lectures. I've been on two statutory Equity Committees so I know how everything works behind the curtain. I could write a book on this shit.