Replies to post #31738 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[TenKay]

Lol...blame the judge...

There has been so much nonsense and hype that folks have bought into...many can’t fathom what is actually the reality

The unsecured debt is trading at 1 cent on the dollar. That’s all anyone needs to see to understand what the market actually sees and predicts.

[StihlsawsRule]

TenK you still didnt answer the question. Jones stated as fact that JCP would roll up immediately IF he didnt allow 'sussberg to continue to punt' which everyone here knows is continue the status quo.
So again, without your alinskyite spin job of claiming 'blame the judge' and 'debt is at 1 cent', tell us exactly how what Jones said makes any sense, or can in fact be true, when JCP has $1.4B in cash? Thats a lot to go through in 1 day, isnt it?
So lets take Jones at his word and this case is dismissed. So JCP burns through $1.4 billion in a day?
Unless that question is truthfully answered, then yes jones is to blame. He has total authority here.