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

[TenKay]

“Question: Who are the Parties who are responsible for the submitted valuations? “

I keep seeing this type of comment in public bankruptcies, like there is some magical “valuation” someone makes and that somehow can force someone to pay that.

The ONLY valuation that matters is the one a buyer makes when they submit a binding bid for something.

IT IS ONLY WHAT SOMEONE IS WILLING TO PAY.

Right now there is a stalking bid on the table...if someone comes and offers more then guess what, the lenders may get more of a recovery.

If no one does come in an bid more than Simon and Brookfield will end up owning it.

Someone can say whatever “valuation” they want...but unless THEY are willing to put THEIR money where their mouth is....it is pretty much meaningless.