Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 10.26

-7.6%

1:52 PM EST

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To: Art Ebands who wrote (233)	7/26/1996 7:22:00 AM
From: Michael Brian	of 3256

This CEO is not only secretive, he's also one of the biggest shareholders of AXC. Between shares he own's personally and with his various holding companies, I believe he controls over 18%. Additionally, his holding companies hold a debt from AXC which is very creative from AXC's poit of view: it can either be paid from earnings BUT only after the shareholders deficit is erased, or it can be paid in stock. Therefore, as CEO he has a stake in not paying the debt back with stock, until it has reached a very attractible level and after sales have increased dramatically, so the earnigs per share are not depressed. This is information gathered for me by a close friend who atteneded the annual meeting. What would then fit the scenario layed out above? Obviously Keepering! The tight grip on any information is suspicious. A negative response from drive manufacturers would surely have been out by now. They've been in testing now for more than 6 months. I just think that Branson has too much at stake here. Also, I believe if you check, insider activity has been positive. Waiting for an announcement (or announcements) this fall.

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