Replies to post #36265 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[Cuppy]

Holders of AMR got 3.5% of the recapitalized interest of AAL. The other 96.5% went to the creditors.

As for Tuesday Morning they had positive shareholder equity, positive operating cashflow post bankruptcy and a predicted recovery of 100% to all senior claims.
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But the important point is: were the creditors GLAD that equity got something? or did they give no shit?