Replies to post #39743 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[I-Man]

I hear you Stihl. Anyway, here is update from Niko this a.m....


SHAREHOLDER UPDATE

We have filed the;

DECLARATION OF WILLIAM K. SNYDER IN SUPPORT OF THE AD HOC EQUITY COMMITTEE’S OBJECTION TO DEBTORS’ EMERGENCY MOTION FOR ENTRY OF AN ORDER (I) AUTHORIZING (A) ENTRY INTO AND PERFORMANCE UNDER THE ASSET PURCHASE AGREEMENT, (B) THE SALE OF THE OPCO ACQUIRED ASSETS AND THE PROPCO ACQUIRED ASSETS FREE AND CLEAR OF LIENS, CLAIMS, ENCUMBRANCES, AND INTERESTS, AND (C) ASSUMPTION AND ASSIGNMENT OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES AND (II) GRANTING RELATED RELIEF

A copy of this can be viewed here

https://cases.primeclerk.com/JCPenney/Home-DownloadPDF?id1=MTY4NjUwMg==&id2=0

Sincerely,

Niko Celentano

Chairman

JCP Ad Hoc Equity Committee

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Sad Jill & gang don't take a hint from how a CEO should operate such as that of Exxon's (XOM), who just ensured dividend for all Shareholders in tact for the over 100 year old company... "Shareholders are our most important asset"