Replies to post #32771 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[pistoncity]

The human element.

[whosjohngalt]

shouldn't it matter

how much of the debt is being swapped for the 160 stores and distribution centers, before we could make an accurate judgement?

[JohnSamuel]

So ... no one is talking about the bondholders. What is your guess for them or are you suggesting that the "$300 million" is going to them?

[forgiveness7x7]

I guess you never read the news...

Simon Property Group and Brookfield Property Partners are saving them from Bankruptcy.

Simon Property Group and Brookfield Property Partners are saving the Stores and Shops

Simon Property Group and Brookfield Property Partners are assuming the Debt

takes away the THREAT TO THE COMMONS

you might be able to fool some people with your comment but you won't slow this train down.

https://www.cnbc.com/2020/09/09/simon-brookfield-to-save-jc-penney-from-bankruptcy-keep-650-shops.html

[jhdf51]

Criminals got caught. It’s just getting started but the buying today was from people in the know that know.

JHD

[mzasif]

I found my answers myself, per PR just came out 4:45pm, deal to be finalized in next 2 weeks (10 days) and next court hearing will be in October to approve the buyout deal. Till then enjoy the gains/profits. Plenty of run to come may see this going above $5.

[jimr1717]

Noted and Correct