Replies to post #14133 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[ysung]

Nice post !!!!!!!

[filmspeed]

kinda looks like a finder fee

[750K]

A mod should sticky this post!

$JCPNQ

[Richey75]

That proves nothing.

[dunks7]

Anyone know how to transcribe this for the newbies here?

[StihlsawsRule]

The debtor wants to approve another $3m in fees. The filing IMO is certainly not bad news for any 'stakeholders', but definitely not a guarantee of a buyout from Amazon or anyone else. Here again you will have creditors and their attorneys in Chapter 11 cases doing what they always do. Trying to walk a fine line that keeps shareholders and unsecured creditors out of the money with their deliberate lowball 'expert' valuations of all estate assets. JCPNQs case will be no different. Did the US trustee approve an equity committee yet? Havent seen it if so. That will be your saving grace, not the RSA.

[emit]

Gosh, I hope it's true and it happens.

You have any idea how it would play-out per our shares?



e