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

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QUESTION - Pennyprof or Anyone Who is Serious Please Answer- FEEL FREE to TWEET THIS

1) Debtors (JCPNQ) filed their plan when they filed their Petition for bk on May 15, 2020

2) The Debtor's plan separates JCPNQ real estate into a REIT while they will continue to run their business after BK fresh start

3) The Debtor's plan ZEROS-OUT ALL Common Shareowners

4) There is a multitude of bidders as many as up to seven whose names are under court-seal...so some transparency

5) ALL bidders know JCPNQ's plan will be EXTREMELY hard to win-over since the Judge will heavily favor the debtor's plan

NOW THE MULTI-BILLION DOLLAR QUESTION SO THINK REAL HARD ABOUT THE FOLLOWING QUESTION

6) Why would any bidder bother entering a bid if their bid is NOT to take the company over in totality including ALL COMMON SHAREOWNERS which to me is the ONLY WAY this would SUPERSEDE the Debtor's plan