Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.32

+4.7%

Nov 28 9:30 AM EST

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To: killybegs who wrote (9281)	6/17/1999 10:29:00 PM
From: Michael Olds	Read Replies (1) of 17679

You can see the sort of swift thinkers we have here. This is the most englightening post we've had since December 15! I remember reading about this sort of variably redeemable preferreds in the WSJ...there described as close to a scam! The point being these people have a vested interest in keeping the share price down...and a powerful set of tools to do it with. It's worth it for them to short a $3.00 stock. Sell every rise and even buy back after they start panics. They win every which way. They are not limited to the 30 days preceding to influence the price down...like getting a running start, discouraging other buyers. I remember even thinking about this when the deal went down: "Isn't this the same sort of deal that was described by the WSJ?"...and then forgetting all about it after seeing it go up a bit after hitting .75. Jubimer: question (sorry for being so lazy, but you may know off hand) is June 30 the end of it? OK, what am I missing? I should say PS: I own some of this sort of securities myself in another company, where my position concerning it's morality is completely different.

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