SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Ampex Corp: Digital Storage
AMPX 10.71-5.3%3:04 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: HPilot who wrote (3080)6/10/1997 11:49:00 PM
From: VikingWarrior   of 3256
 
Bramson sales

I've met Ed Bramson on three occasions. Two were meetings and the third was the recent annual meeting. It is my BELIEF that Ed Bramson must have had a need for the funds from this sale NOW. I have no idea for what purpose but at the annual meeting he made fun of himself about his market prowess and timing skills or perhaps I should say lack thereof. This was done with his typical dry english wit. He does not strike me as the type of individual to sell 225,000 shares out of 8,000,000 + just to "try and buy them back at a lower price". Based on his paltry salary and bonus, perhaps even "rich" people need money now and then. Should sales continue, or spread to other officers and directors, then I to will worry.

On a more somber note, I read the most recent red chip report out yesterday or today and they apparently have greatly tempered their enthusiasm and now have a target price of $10. They are not looking for any KM revenue before mid 98.

I will be honest in that I bought AXC as a home run stock. I believe that Ed Bramson wants to hit a home run for himself as well as the rest of the shareholders. Therefore, I choose to maintain my long position with the understanding that sometimes when you try and hit a home run, you still can strike out.

Respectfully, Dave Martinson
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News