Replies to post #13613 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[Hedgefundanalyst]

Who is paying off JCP's debt?

[UpTickMeA$AP]

Yes, numbers say so. Filthy pumps from either foolishness, or foolishness.

=)

[StihlsawsRule]

LOL WOW! Pure insanity. In what universe is JCPNQ worth $8? Did you conveniently forget about $4 billion in debt? Who is going to pay $7 billion for this right now, so that current SHs get $8? Answer, no one.

Even IF the Bezos/AMZN/White knight rumor comes true, he is NOT going to pay $7billion for this. He will wait until the current debt is erased, then make a deal.

For you to get $1 right now (a total stretch IMO), someone would have to pony up $4.33 billion and absorb the debt. I aint seein it.