*SCALPSWINGSTRADDLE*

[Zephyr]

their borrow is less than 10% of the asset value. Just as if you would take out a home equity loan on your house that you've already paid off....your no risk...and they have no risk either then. They can only profit by the spin off depending how much they issue in the spin off.

As Mark Twain quote: "The reports of my death are greatly exaggerated"

There's many miles to go yet on JCP....but it's not going to be with out some pain.