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

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Here’s something original...
I made good money on SPG over the last 3 months when they started buying smaller retailers. Yesterday in court it was said that JCP would move immediately to close 150 stores and they delayed this because they were in negotiations with Simon.

They then delayed the hearing on Friday and this comes out yesterday...they mentioned this on the SPG board and basically was wondering where will amazon launch all these deliveries from. They’ll need land. I thought the closing threat was a shot to Simon to get them back to the table. But maybe they were waiting on something.

https://www.cnbc.com/amp/2020/08/31/amazon-prime-now-drone-delivery-fleet-gets-faa-approval.html

I was looking for JCP to announce more closings today but it hasn’t happened yet and that’s why I thought it was tanking.

I think it was mentioned that Simon was in negotiations with Amazon and wanted to cut out JCP shareholders.

This is me...just wondering??