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Technology Stocks : Ampex Corp: Digital Storage
AMPX 14.09+14.6%Oct 31 9:30 AM EDT
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To: Hal Campbell who wrote (3226)7/1/2002 8:43:54 PM
From: P Jones  Read Replies (1) of 3256
 
Hal, I wouldn't be too dismissive. The sentence states that "the plan... is dependent on... equity capital market conditions". I would think the Amex wouldn't let them float a pie-in-the-sky plan. Who knows. Why not securitize their royalty payments. If someone had some cash to go to court with, the royalty stream could probably be enhanced. ie, to someone else, their royalty assets are worth more. When an asset is worth more to another party, that's the time to sell the asset.

"The Company's plan for attaining compliance with the Amex's continued listing requirements is dependent on a number of factors that are beyond its control, including equity capital market conditions. Accordingly, there can be no assurance that the Company will attain compliance within the extension period or at any future date. Furthermore, the Amex has advised the Company that it may initiate delisting proceedings at any time, notwithstanding the extension it has provided to the Company."
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