JC Penney noodles files for and ils
$JC Penney Co Inc$, Strongly Halted, Stronger It Has Filed for Remarkable, Ending Weeks of Speculation on the Way Forward for the Beginner Retailer. JCP Filed for Chapter 11 After Begins a Financial Support Agreement with Lenders Holding Guarantee 70% of JCPenney's First Lien Debt. Plan will cut opinions from the company's indebtedness, while the company brings customers back to stores as they discuss around the country.
JCP notes that prior to the health conditions, it had met or experienced its 5 financial benefits for 2019, with com. sales motivation in the majority of its patients. Received DIP donation amounting to $900M ($450M in new money), and had $500M in cash as of the Chapter 11 date. Co. will explore motivation to value during this process including a souvenir sale process. Process will also include revamping stores, including a reduction in footprints of stores, etc.
JCP notes that prior to the health conditions, it had met or experienced its 5 financial benefits for 2019, with com. sales motivation in the majority of its patients. Received DIP donation amounting to $900M ($450M in new money), and had $500M in cash as of the Chapter 11 date. Co. will explore motivation to value during this process including a souvenir sale process. Process will also include revamping stores, including a reduction in footprints of stores, etc.
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ChristinaLEA : I saw an article from the CEO saying they're not going out of business. Just closing some select stores so IDK. We'll see..
Jobertson : So what does this mean for stockholders?
Moomoo Recap USOP Jobertson: I'm not that familiar with related laws but I guess it will be delisted from Nasdaq or NYSE and moved to OTCBB or the pink sheet market, and the ticker will also be changed.
Moomoo Recap USOP ChristinaLEA: They May Be Focus on Their First I Guess
ChristinaLEA Moomoo Recap USOP: so now I heard that Amazon might buy jcpenny..