Sorry to all for the lag in my replies....hard to get bus service to this site nowadays <g>.
You were not seeing things, IC.
The Ampex Class A (AXC) ticker is now owned by the
Advanced Technology Acquisition Corp
It has NO business as of yet; but a market cap over 200 million. ( I wonder if it has redeemables, convertibles, and senior notes? probably does....lol)
Advanced Technology Acquisition Corp. is a blank check company that was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase or other similar business combination with a technology or technology-related business that has operations or facilities located in Israel, or that intends to establish operations or facilities in Israel, such as research and development, manufacturing or executive offices, following its initial business combination. As of March 26, 2008, the Company did not have any specific business combination under consideration. The Company is in development stage. As of March 26, 2008, Advanced Technology Acquisition Corp. was not engaged in any business operations.
It is trading at 7.50 a share. Very mysterious company (hmmm...that sounds oddly familiar too) |
