Yeah, and they're SOLVENT down to the shareholder classes too. JCP is not. In fact, JCPs plan wont even guarantee a recovery for classes 5, 6, and 7 (unsecured creditors which are ABOVE shareholders).
No one said 'ALL'. Im saying go by his track record, which is NOT shareholder friendly. Feel free to spin it or ignore the truth any way you want.
Jones' famous statement as he rubberstamped McDermotts chapter 11 reorganization plan, and rubbed it in the faces of shareholders one last time,,,'Shareholders lost their money a long time ago.'
Speaking of that, notice that the 'all new' McDermott has won a few huge contracts in the last 2 months? Im SURE the ever-watchful Judge has taken note, right? LMAO sure. Their legal counsel said different during the hearing, painting a dark picture for the future.
Anyway, this is the JCPNQ board, but since JCP has the same judge MDR had, this subject will come up again. Just wait until the hearings and you will see what I mean. If you listen in.
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