I cannot open the pictures but I think its the same letter I got. Here is a link from the bankruptcy proceedings. http://www.donlinrecano.com/dr201/penn3/Penn%20Traffic%20-%20Notice%20of%20Approval%20of%20Disclosure%20Statement%20.pdf I cannot find the second page on this website but I know it stated that EQUITY HOLDERS under the current reorginization plan are to get nothing. My first foray into this stock started before BK and I still thought there was value. Why the NOLs are not included have me stumped. Here is the BK website... http://www.donlinrecano.com/cases/caseinfo/penntraffic