$JCP IMO 1. It’s speculation till we see it on paper 2. Opco /unsecured creditor has a 1.2B, so even if it’s true it’s 500 mil or so for the rest plus include existing balances etc 3. Not sure how the DIP financing will get compensated ?? 4. Not sure if PropCo will be good enough to satisfy 4-5 Bil debt ?? Best part:This sht BOD will get fired. I anticipate best case scenario 100-150 mil left overs. Game is not over yet and don’t anticipate it to be over next few months.
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