And what I’m saying is facts just when President Donald Trump catching that virus stock market about crashed stock market people,you need to understand that speculation and shedding the fat is what a public company is plain and simple...FACT...JCPenney is no fly-by-night penny stock... this judge made sure it’s going to stay down here...
That's not how bankruptcy works. How do you think they "shed the fat"? Owners don't just get to default and walk away like nothing happened. There is a reason it is called "secured debt". Very few companies survive bankruptcy with equity enact. In the case of retail that number is zero, at least in the past three decades.
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