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Post# of 43522
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UpTickMeA$AP

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UpTickMeA$AP

Re: None

Monday, 09/14/2020 10:17:55 AM

Monday, September 14, 2020 10:17:55 AM

Post# of 43522
Let's now pretend the delay of the auction is good news, and can only save equity. Because everything so far has been "great news", even when clearly it isn't.

Delusional Capital LLC, where even losses are "great news!"

Has everyone got a chance to read JCPNQs plan for current equity? I sure hope so. It spells out very clearly, that current equity will be wiped out.

On the Plan Effective Date, all Equity Interests in JCP shall be extinguished and cancelled. Holders of Existing Equity Interests shall receive no recovery on account of such Existing Equity Interests

.


https://ir.jcpenney.com/sec-filings/all-sec-filings/content/0001193125-20-144411/d813078dex101.htm


Straight from JCP^

Class 12, top of page eight. If I need to read it also, I will make a video...lol


Sorry folks, current equity is slated for slaughter.


It's really very unfortunate.

DISCLAIMER: ALL MY POSTS ARE MY OWN PERSONAL OPINIONS AND NOT RECOMMENDATIONS TO BUY, SELL OR HOLD SECURITIES. DO YOUR OWN RESEARCH/DD AND MAKE YOUR OWN TRADING DECISIONS.

People kill for money. What makes you think they will not lie to you for yours?

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