Penn Traffic Co. (fka PTFCQ)

[nerachal]

Interesting !!!! In my opinion, anyone have thoughts on all of this? According to the court docket today (below) There may not be a conclusion to The Plan on Wednesday. Anyone else interpret it that way? Then again it may not mean a thing.

Docket # 1496 http://www.donlinrecano.com/Dockets/penn3/09-14078


Old history worth noting:

As noted above, Penn Traffic has two previous chapter 11 cases in the past decade. In the most recent bankruptcy, common stock was issued to holders of senior note claims and unsecured claims. As a result, the largest shareholders in Penn Traffic are Bay Harbour Management, L.L.C. (23.7%); Pension Benefit Guaranty Corporation , held by JP Morgan Investment Management, Inc. as agent (21.7%); and King Street Capital Management, L.P. (15.6%).