Replies to post #38957 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[TheDawg]

Marc Lasry among others stepping up to the plate now, there are now bigger bids in contention.

[thelionwarrior]

Niko has admitted multiple times that there is no plan for equity for shareholders. Even the last shareholder update says “For now, however, the most significant aspect of the Plan is that the Debtors are proposing to extinguish all existing shares and will provide zero recovery to shareholders.” I think everyone understands there no chance in recovery at this point... or I hope so