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

[Large Green]

JCPNQ - MASS UNDERVALUATION and/or BK FRAUD

https://seekingalpha.com/article/4371666-j-c-penney-1_48-billion-in-cash-and-over-300-million-in-credit-card-revenue-are-really?utm_campaign=twitter_automated&utm_content=article&utm_medium=social&utm_source=twitter_automated

I have over 20 years experience consulting in large complex Bankruptcy cases for Law firms, large creditors and Debtors. This is the strangest case I have ever seen.

The JCP Credit Card Royalty Revenue is Significant
The largest undervaluation of assets that JCP has made is that they value the credit card royalty revenue at essentially ZERO, I value this income at $1.5-$3 Billion dollars.

Despite their earlier projections In May and June being off by hundreds of millions of dollars, they still have not adjusted their recovery projections for unsecured creditors and shareholders. This is further proof that an official equity committee needs to be appointed.

The Debtors net cash flow exceeded it's interim Budget Projection by 229.4% and the Debtors had accumulated $721 Million more in short-term investment funds than projected.