JCP Shareholder Alert here:
Go to JCPShareholders.com site where full court petition docs, power point presentation, and other related facts as well as information on docket #416 & #389 are also listed from the www.PrimeClerk.com site which Judge Jones referred all public interest to go to a view. NO special sign-in ID required in this case as Judge Jones stated, so everything is seen truthfully about entire JCP case.
If you listen to the Judge from May 28th court hearing, you will see, due to the rush of this C11 by JCP Board and others, he demanded a court date be given to hear JCP Shareholder Equity Committee charges & demands & concerns. The Judge asked for this to be done and assured Mr. Marten & Shekatkar a docket # will be given and court date as well before anything else prevails !
As the one Shareholder stated to Judge Jones regarding the BOD wanting to move fast here, NEVER in any filing, PR or other has anything or any word about Shareholder or Stakeholder even been printed. He similated it to Nancy Pelosi few years ago about ACA program saying "let's hurry up and pass this so we can see what's in it"... Judge agreed and stated he will go slow and listen to everything and encourages Shareholders to unite here; and under rules of C11, a corp must be insolvent to even file and ask for such- JCP simply never was. They have massive assets/subsidiaries and cash on hand. We have another white collar corrupt management team action to only financially benefit themselves, shrieking their fiduciary responsibilities to Shareholders and Judge sees this...
BTW, small technical gap to close around 18 cents here, then onward.
And as stated in Shareholder Petition to the Court, "Net residual shareholder equity in current JCP holdings is $11.85 / share" based on 2016 asset valuations with a 10-15% additional valuation than what's on the books (if not more)...
