Replies to post #32767 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[TenKay]

People should ask themselves a very simple question, why would the lenders agree to forgive $5 BILLION in debt and then let a single cent bypass them all the way down to the equity claims?

There is no way they would do that.

[Cmt620]

This sounds like the truth

[the_stockoracle]

Look at the $360,000 trade (900K shares) seconds before the close and we are worried about our common shares what about that guy lol he knows something

[Split T]

jhd51, Half the people are misinformed and are hoping you sell tomorrow. lol Wow, what planet did they come from?

They are swapping debt for equity, plus paying boot to Equity. IMO it will not go through as is. Don't forget we have a date with the Judge on the 31st. The Ad Hoc Committee is alive and well and is not going to roll over. This is just the beginning of the negotiations.

[emit]

We will know via volume in morning if big-dogs getting back in.
I may throw lil volume in early.

Will be sending family a lot more to JC Penny's if this rings-true!
least i can do'



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