Replies to post #34458 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[tmeier]

I think there's platinum in the ground at that site. Lol

[CrazyKar123]

realistically ....

[CommonVestor]

Because the values by JCP are significantly undervalued as weve all been saying. It went to another judge because you can’t have a company in BK with 1.5 billion in cash, 2 billion in inventory and 3-6 billion in real estate , ecom business worth 1 billion, credit card income of 300 million and private labels worth 200-400 million and expect that to not get some eyes raised. This BK is a wand was a fraud. Slowly it will come out. Store retail is dying no one will argue that but that doesn’t mean the company is worth what they’re stating. The other judge got put in because JJ didn’t want to be collateral damage.

[garyhalvo]

Because it was appraised as a three bedroom three bath ranch house on 3 acres. LOL