Replies to post #34477 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[TenKay]

The secured creditors are taking a pretty big haircut with the stalking horse bid on the table.

Why does anyone think they would not want more if there was ANY mechanism to get them more??

It’s like some think the secured lenders are going to give up money themselves just to screw equity...

LOL.

[tmeier]

600k is ridiculous for that portfolio of stores individually. That is why I think a better offer is coming. That valuation itself sounds like a way to encourage higher offers in a fair bidding process.