keep this in mind though. Companies like JCP and SEARS do BILLIONS of dollars per year in business - but in order for them to stay in business and have their stock prices go UP there's one thing they both have to do:
MAKE MONEY!
Pull up a 10 year chart of JCP. What do you see?
$75.00 down to $6.00.
Company has lost over 90% of its value. If they dont turn it around... they'll be a penny stock too.
And another thing. If you take payroll taxes out of an employees check and don't send that money to the government... you could face prison
We have been unable to make all required payments to the federal government for payroll taxes withheld from employee paychecks and the associated matching employer payroll taxes from April 1, 2015 through December 31, 2015 and for November and December of 2016. As of March 24, 2017, we owed approximately $332,000, including penalties and interest assessed through December 31, 2016, for the previously described payroll tax obligations to the federal government. We proposed a payment plan to the federal government and made payments totaling approximately $53,000 from September 30, 2015 through December 31, 2016, but we have not reached an agreed payment schedule for the remainder of our federal payroll tax obligations as of the date of this report. However, we made all federal tax deposits for 2017 payroll periods through March 24, 2017.
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