Replies to post #39812 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[RickNagra]

That's fine and dandy. Two years ago that would have happened in the blink of an eye. A no brainer. However ever since the Toys R Us bankruptcy things have changed. There was a huge uproar over how that case was handled. There was no need to eliminate this company and the thousands of jobs. Judges need to look at the lives that are being affected. Fast forward to JCP I believe Jones is more concerned with protecting 70,000 jobs versus restructuring whereby creditors get full recovery.

$JCPNQ FAM #1692! When EC4 Hired CR3 I was excited because of the 2 important BK's Snyder worked Pilgrim’s Pride & Mirant, yes Snyder has done 100's, But these 2 case are important case Law & well known in the BK community. for both cases Snyder provided critical analysis, conducted a valuation & for each & testified that each were not hopelessly insolvent Both lead to a ROP & Equity for SH

Snyders “sum of the parts” & NOLV Appraisals are brilliant! He used JCP Inventory & numbers & Cushman & Wakefield appraisal. "The sum of the value of cash, inventory & real estate, the “hard assets,” is straightforward & not assumptions by CR3 & totals $6.5 B, The real estate props & e-commerce could be sold independent of the brick & mortar ops & provide more value for parties in interest than the proposed sale"

" ALL creditors would receive a significant, if not full, recovery just from hard asset value"

Now we need the press to spread this story & to keep the pressure on

GLTA Godspeed!

[Tigeroo7]

Mirant..YES I remember and has shares

[TraderAI]

10 years ago If someone wanted to buy JCP it’d cost them $20-$25 billion

Selling in pieces can take a lot of time, especially if there are several but generally equates to a higher value