Replies to post #1263 on JC Penney Corts Tr Debentures (COTRP)

[8lang]

Thanks MasterB. IMO we are Trust Perfds , JCP BK is ch11 not ch7. They cant wipe out Trust Perfds. We will restate .

[footballref-8541]

Yeah I called CS about my position to see why the cuspid were not deleted if their were any updates and they did say they we’re awaiting court decisions. They did inform me that I can sell but not buy.

[GBExpress]

I wish I had an update or something insightful to say. But we are at the mercy of the court at this point.
If the financials and statements made by Simon and it's leadership are considered in court, we should get something... Unfortunately, what "should" happen has rarely, if ever, happened since JCPenney declared bankruptcy.
I don't know about y'all, but I hope the 12/31/2023 deadline is the final deadline.