Market also says obligations out-strip assets by a huge margin -- there is no meat on bone for present common and government, plus SCOTUS, have shown they do not want to reward hedge-fund vultures...
On the other hand, JPS do have outstanding lawsuits -- in BK court you often see a payout to resolve nuisance issues hampering a resolution and I think JPS has a *chance* of that
My comment about the glass jar was buying when market fully reflect worthlessness of present common -- one penny buys an infinity of nothing BTW