Replies to post #21983 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[UpTickMeA$AP]

And that plan to wipe out shareholders, has not changed. It is what it is.


https://seekingalpha.com/article/4350803-j-c-penney-goes-bankrupt-no-recovery-for-shareholders


If it changes, ill post it... But its not going to. They have way to much debt. JCPNQ is cash negative to debt. Plus they added another $900 million that steps in front of equity.


It's really very unfortunate.