LargeGreen, Amen to that.
If there is no full and fair disclosure of ALL OFFERS PUT FORTH in Davey Jones' locker, then this will be another one of his typical bankster establishment rulings at the end of the day. If that happens, he will deep6 shareholders again. Oh, listen guys, it wont be the first time he has done it.
ALL THAT SAID, Shek and Niko, and the longs et.al. have done a superb job up to this point as far as representing equity as best as humanly possible in court. Im still in shock that Jones allowed the neutered EC $250k outcome that he did. The GOOD NEWS, he let the door stay open, and equity still has a big foot holding it open for now.
NOW THEN,,,,$11.85? Yyyyyeah NO Im not seein that under any scenario. Assets vs. Liabilities with any balance sheet,,,,,OK the debt at $4.9 billion is rock solid and undisputable. The assets at $8b or whatever,,,totally subjective as Jones says, and he is correct about that.
Again this is 'BOOK VALUE' not necessarily real true market value. Correct again Your Honor.
All that in mind I-man, Niko, Shek,,,bind him with his own words. IF THE GOAL is to TRULY 'maximize value' for 'all stakeholders' (right Mr. Sussberg?), it seems the only FAIR WAY to do that is to conduct a true live auction. Right Judge Jones? Or will it be more 'sealed' back room dealing? Time will tell.
To summarize, I personally would love to see you guys open Monday morning at $11,85. I truly would. I dont think it will ever happen, but I would be the first one doffing my hat and toasting you guys. For real. It would be nice to finally see illegal big institutional shorts burnt to the ground, never to return.
Note to I-man,,,I dont 'short' anything. Never shorted JCP. Bought puts and calls many times, and won some lost some. If something is a POS, I buy puts, period. Simple as that.
