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Post# of 43522
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UpTickMeA$AP

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UpTickMeA$AP

Re: greychris post# 36235

Sunday, 09/27/2020 4:54:04 PM

Sunday, September 27, 2020 4:54:04 PM

Post# of 43522
EC fantasy won't stop reality. Equity is the bottom of the barrel. Everything, including new debt is in front of equity.

Equity is in the plan, and it cant be more clear, they are getting wiped out. Just read the doc straight from JCPNQ. They are spelling it out for everyone, so no lawsuit after bankruptcy will have a chance.


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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