COTRP bonds to be paid out at $25. Asset & 3rd party backed guarantee for those holding shares! This is going to turn into a mega short squeeze once this news is released after the court proceedings! $100 is going to be worth $1000. $1000 will be $10,000 at current prices O/S is 4M, float unknown. Will only pay out if you can get shares.
Got $COTRP, you're in luck! US Government to pay out JC Penny dividends and pensions. Source:https://www.pbgc.gov/wr/jc-penney-pension-plans $COTRP are JCP dividends valued at $25 each. The US government will be picking up the tab, as it did for JCP's pension plan folks. Each stock certificate will be valued at $25.
$COTRP will be a short squeeze play. The stock is short and jumps multitudes on BUYs. $COTRP are left over bonds from JC Penney Corp with a face value of $25. There is some great news coming. It will be exiting from JCP and be repackaged with the same dividend pay after the IRS form 8937, Report of Organizational Actions Affecting Basis of Securities is released.
