Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 12.18

-0.3%

Dec 5 9:30 AM EST

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To: Michael Olds who wrote (9348)	6/19/1999 1:40:00 PM
From: jerryriti	Read Replies (1) of 17679

re: convertible. I must confess that I had not done sufficient DD, but it does become quite necessary to know the conditions under which AXC pays in cash or stock, i.e., I assume that the holder of the convertible must be notified at some point of that decision before the due date (perhaps an empty assumption) and they then will have a widow of opportunity to short with impunity down to the $2.50 price. While this is not a floorless convertible, it does have the possibility to pressure the price of the stock downward via short selling once the holder knows that there will be conversion(I am not trouble by the dilution as this is the cost of doing business).Hope to hear some better informed opinions on the subject and I will try to become better familiar with the specifics as time allows. Still amazed at the high quality of information that the internet brings to bear on the investment community via threads such as this one. Time to enjoy some beautiful Long Island weather and attend to life away from the world of investments! Have a grand weekend!

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