Replies to post #32846 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[TenKay]

And nothing in there even hints at a recovery for common equity. Quite the opposite for people who understand how this works. Debt will remain, some forgiven for some assets...

All that points to a wipe out of the commons as they have claim to nothing.

This is going to be a hard lesson unfortunately.