$JCP $1.7 billion doesn't even cover 1st line holders, you think all the banks and bond holders are just going to suck it up? $4b in debt, long way to go before Shareholders see money. The DIP financing, that is also 1st lien holders. they have just given JCP $450m, buyout they need to recover that as well. $1.75 billion doesn't get the job done, we need double digit billions. NYPOST is the worst rag in the industry, if its fake to start movement watch where it goes, only hope is $5.00 happens before the buyout happens, if Amazon were to step up we need $7.50 or higher to have some compensation.
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