Another FYI, Sent an e-mail to David Robinson at the Buffalo News to see what he might know, this is his response to my e-mail.
My E-mail......
Hello David,
Great article and enjoy your work. Have a qustion for you regarding Tops Markets. It looks as though they may be going public soon? Was curious if you have heard anything relative to them using the Penn Traffic Shell in order to do that? My understanding is that there are significant NOL's that are available to use with this shell.....like $85mm.
Any thoughts on that and thanks in advance.His response.....
I didn’t see anything about NOLs in the SEC filing, but it was 364 pages long, and I may have missed it. I don’t think they’ll be going public right away, but I wouldn’t be at all surprised to see them do it within the next two years, market conditions notwithstanding.
Anyone find it hard to believe the court would dismiss all the shares that were given as payment to all those companies from the prior bankruptcy?