Replies to post #1272 on JC Penney Corts Tr Debentures (COTRP)

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I just don’t see a retail operation giving up a dime of cash position. That would hurt their stock price more than dilution. I can’t remember how many shares were issued between Cbjcl, Cotrp & Cotrp. But each one is listed at 7.65%. Could be a big financial hit for SPG. Shares Instead of cash is my call.