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Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (1106)	4/4/1998 9:56:00 AM
From: WinnerSBW	Read Replies (1) \| Respond to of 1911

Thanks guys, Gary.. I think that the $20 million item that I was referring to was a refund that Ames was seeking for other than income tax issues. Since Ames has such a large tax loss carryforward it should not be necessary to pay income taxes to the IRS on a quarterly or annual basis. Therefore they would be due no direct refund of " overpayment" like you would if you personally overpaid your income taxes. This specific item was a claim that was entered in 1996 and was pending an outcome as of the printing of the annual report. I think that I will send an E Mail to Marge Wyrwas at IR and see if she can shed some light on the subject. $20 million any way we can get it is a lot of money. Regards, Barry