Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 13.03

+7.8%

3:59 PM EST

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To: lance wolfe who wrote (3070)	6/10/1997 6:47:00 PM
From: WAI	of 3256

>>>>>>Liabilities that are due, don't have "good news" extensions. If you have to pay something off today, then you need the cash today...not two months or even two weeks down the road True, but couldn't he have borrowed a cool mil at some single digit interest rate, then covered at some time in the future? Surely he has a broker, or a buddy who owns a bank, or even a buddy with a lot of spare cash around who would offer this to him? I know life is complicated, but if he was sure about the (immediate) future of this company, I think he might have found a way not to sell these shares. I've been going back and forth on this for the past two days, so if I post again trying to convince you that of course he had to sell, please don't give me a hard time about it. Best, William

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