StihlsawsRule, you about absolutely correct a continuation of the decades-old bankruptcy court scam...hide or devalue equity and cancel shareowners out in total then issue new paper.
However, they were caught this time! I fully believe this is a solid reason for a full-blown court-appointed EC. If appointed and becomes huge news this alone will drive the price to between two and three dollars a share in my view.
However, this HUGE Malpractice that has now been found MAY cause Amazon to do a hurry-up deal this weekend buying JCPNQ out of the bk court by Monday.