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

[StihlsawsRule]

Large Green, no offense but that question is a huge softball ready to be hit 450 feet and into the parking lot.

The so-called debtors and the bondholders they work for want the real value in this estate, aka the 'new REIT' business. They dont want the failed dinosaur retail brick and mortar business. Thats why JCP failed in the first place. Unload the anvil, and skate away with the real value, collect money to lease the properties back to the failed part of the company, and get rich happily ever after.

Chapter 11 and a shareholder unfriendly judge like Jones make this easy to accomplish. I guess they didnt count on so many shareholders standing up to the usual chapter 11 scam job.