SOLUTION FOR ALL INVOLVED in This JCPNQ BK Case Conundrum
1) Judge Jones on Monday, August 31, 2020, potentially announces there have been some inequities in this case that must be addressed
2) JCPNQ Lead Counsel, Sussberg will be replaced and Equity, Okin Adams will be in charge of the Debtor's Estate while in bk proceedings
3) Further, JCPNQ Executives will say they know nothing about Sussberg's conflict and admit no wrongdoing but suggest the following
4) Your Honor, while we must apologize for what has happened in this case and your court, the market has turned around with all of our stores open and we are cash positive, so we would like to clean up some loose ends and gracefully exit the bk case in 30, 60 to 90 days without a sale or other
5) While a sale is still possible, this can be better addressed in the private markets after exiting chapter eleven
6) The stock will continue to trade and will revalue as the market sees value from earnings and other, then will reapply to the NASDAQ in due time
7) The KARMA for JCPNQ CEO and other Executives is most sold their JCPNQ shares when they planned to zero-out equity
8) If the aforementioned happens, I would expect JCPNQ to start revaluing immediately to between two and six dollars a share and continue as the market sees progress
9) To me, this is the cleanest way for ALL involved to exit the process while letting JCPNQ and employees continue without further interruption and Judge Jones will advise other sources will handle any other inequities as they understand what has taken place
AI
