Replies to post #178 on JC Penney Corts Tr Debentures (COTRP)

[DDMasterStocks]

The bonds were broken up and packaged into three or four classes I think, and then were renamed Baby bonds. The principal would be the amount the bond was issued at back in 1999.

[Xecutive1]

At those numbers we are at .04

[MasterBlastr]

Is the letter just addressing physical certificate holders, possibly? With $4 million face of bonds that were held in physical form? Certificates to be redeemed? Electronic holders paid off by ETF? Just thinking out loud. BTW I tried to find an April 1 date on the letter but there isn't one.