J C Penney Company Inc (JCP)

Which broker do you use for trading OTC pennystocks?

Wait to see what going on ?

Last one I got was December 2020. Maybe we can are due?

Thanks. I hold COPRT too. The Trustee should post a annual repoert?

BOK NA Financial is designated as the replacement trustee to USB

There’s also a form called COTRP on here

Yup profit sharing in addition to a payout settlement

If my memory is correct, we had a distribution plan, do you remember?

There is another bank NOK BA

It doesn't work that way . . .

Yeas , USBank is the Trustee who should claims for us. You can contact USB Ms.Woodward who is in charge with Trust affair .

What would you expect from USBank - they are only the trustee. The court still needs to work through claims that have priority.

USBank should clams for Trust pfds holders, but i didnt find any motion frm USB ?

You are welcome - I do not know where the trust preferreds sit in the waterfall, or even if they have lumped in with COTRP, CBTRP, and CBJCL (or are they really one and the same). COTRP is considered a 3rd party trust preferred, for example.

Thank you very much !

Docket - https://cases.primeclerk.com/JCPenney/Home-DocketInfo

Then follow the docket . . .

Trust pfds should belong to priority claims ,

If we get anything back, yes. Will see how the claims get paid in the meantime.

Thanks. How do you think our Trust pfds stocks ? Wait distribution until 2023?

CLAIMS ADMINISTRATION QUARTERLY STATUS REPORT

The above-captioned wind-down debtors (collectively, the “Wind-Down Debtors”) file this Claims Administration Quarterly Status Report as of November 30, 2021 and state as follows:

Number of omnibus claims objections filed through November 30, 2021: 63

Next hearing date on omnibus claims objections: December 8, 2021 10:00 a.m. (prevailing Central time)

Total number of priority claims unresolved: 213 out of 2,337

Total dollar amount of priority claims unresolved: $14,009,910* out of $10,751,579,267

Total number of general unsecured claims unresolved: 424 out of 4,915

Total dollar amount of general unsecured claims unresolved: 482,034,351*
out of $4,912,974,830

Anticipated first general unsecured claims distribution date: March 31, 2023

The 10 biggest retail bankruptcies of 2020
This year, Neiman Marcus and J.C. Penney joined the ranks of some of the biggest retail bankruptcies on record, including Sears, Toys R Us and Circuit City.

SUCH A DEAL---BUY HIGH ---SELL HIGHER

Rest in peace JCPenney stock, they may issue some new stock in the future if the business becomes viable again, but the old stock is gone forever.

Nice - traders have to keep emotion out.

This probably one of my greatest shorts of all time, I was warning about JCP for so many years on IHUB only 10% believe and 90% kept challenging me. Comes to show why statistically the vast majority of traders lose money.
Jmo

sold 8000s @0.81--1.11 .WOW

Watch out !!!!!!!!!!!!!!!! Jr.bonds flying!!!!!!!!!!!!!!

He’s been spamming all over

Figured someone would use this board for spamming copper mining plays which are red hot lately.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163682421

Bob, do you realize Old Copper Inc is JC Penney, the BK retailer? Stop spamming your mining junk. LOLOL!!!!!!!!!!!!!!!!!

I dont think so. The bankruptcy & POR shield them from any 'default' event IMO.

So when it missed another payment and the bankruptcy is over, does this trigger anything like a default? Just wondering about a timeframe?

Thank you.

It can’t be delisted until debts or payoffs or maturity are satisfied. When that happens, COTRP will have met its obligations and will dissolve.

US Bank Corporate Trust/Bonds have a 24 hour number. Can give them a call if you have questions. They voted against the POR and any settlement and filed a half billion dollar claim against JCP to pay out COTRP and 3 other bonds in full. This may all happen outside of the POR as a separate matter because no settlement was reached.

At some point, BOK/F NA will be the new trustee for COTRP and not US Bank. It is in the court filings and claims against JCP.

Is cotrp going to be delisted? Will it go up in value at all? Years?

True statement. Management as this POS company just kept bleeding and hiding behind arrogance. Basically kept lying with rose-colored glasses on.

Short selling this bankrupt pos was a no brainer.

It should have. It could have.

New DTC rules out recently to ward off naked shortsellign schemes and such regarding Hedge Funds (and others) is too little too late, but finally is out there to STOP criminal financial abuses to every US public listed company..

THEY now will be required to publicly expose everything up front as well as have higher capitalization/margins as well...

READ them..

But I thought that you said this was going to 20 bucks?

Old news. Our family stopped buying from them after what they did to retirees and long time Shareholders. They can also shove their cheap Chinese sourced diamond jewelery up Jill's hole...

And those of you posting "shares will be restored" is a lie. The brokerages already took all previous JCP shares out of their systems for total losses to all invested in them...

JCPenney gift cards are redeemable for merchandise or services (excluding gift cards) in JCPenney stores in the U.S. or PR, and jcp.com. Not redeemable for cash except where required by law. It May not be used to paying on credit accounts.

COTRP UP 342%

Microsoft filed a claim asserting that their claim was disallowed as it was a duplicate.

They objected and said it was not a duplicate.

I received the same thing. My claim against JCP was rejected as a duplicate when no other claim exists.

Looks like they are trying to pull a fast one and discredit all remaining claims as baseless or duplicates even when the claim doesn’t meet either criteria.

Shameful

Yes, it's coming back and suave investors will be richly rewarded. I suggest holding your breath until your shares are restored.

No......

"...!jcp relisting?..."

!jcp relisting?

Uplist

JCP bonds will go much higher than current pps 0.1 for 100% sure . Worst case is tender 10-20c of a dollar . No more argument ,wait and see.....

They would do all 3. But they shouldn’t because they will likely be around until at least 2023