Penn Traffic Co. (fka PTFCQ)

[trderg]

This is a good article that explains shells stocks.
http://stockalyzing.com/penny-stocks/173-shell-stocks.html

Of course the big question with PTFC right now is if the shell will be used or not. If it turns out to be a clean shell then it could have a base value of around One Million give or take a couple hundred thousand. I don't know the exact number of shares PTFC has right now, but assuming it is around 10M then the base price would be about .10.

Now I understand that it has somewhere around 80M in net operating losses that could be carried forward to the new company. If this is true then that 80M would be worth about 25M in future tax offsets. So you can take 1M base plus the 25M NOL number and come up with a value of 35M. Assuming around 10M shares this would put it around .35 per share.

Many other factors could change the above numbers if the shell is available and it is used, but the .35 is a good starting point. IMHO

FWIW: I'll take a lot less, but may hold on to a small amount of shares for a "what if" situation. lol Right now the future is in the hands of the BK Court and possibly the new company owners if they cut some type of deal for the shell. We can only wait and see.