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

[UpTickMeA$AP]

Many companies are taking out big ones because interest rates are at record lows.

Again, they already made a deal for a chunk. I highly doubt they will buy JCPNQ one property at a time. That would be insane.

The bidders want key properties, minus the junk ones, and massive debt.


This is why the top minds were looking into a REIT.


REIT, plus equity wipe out, or massive dilution. Remember, equity is the very bottom of the barrel.


It's really very unfortunate.