Aahh...iNEXTV (AXC) The NEXT Thing! Message Board

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Technology Stocks : Aahh...iNEXTV (AXC) The NEXT Thing!

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To: don_lapre who wrote (3531)	4/27/2001 2:19:57 PM
From: killybegs	of 4169

Don, these have been disclosed for over 5 years. The money was used to purchase Ampex stock in the open market, not for Bramson's personal use. One of the smartest investors I know considers it a very good sign when managment borrows to buy the Company stock. Hasn't worked out for Bramson yet since the 400,000 shares was purchased in 10/97 at .6.875 per share. This is only a sweetheart deal if the stock goes up. Otherwise, Bramson has stock he can't sell and loans he has to pay. I don't know where this suspicious attitude arises re Bramson and Sherbourne. These are investment vehicles. A securities lawyer could explain the many good, legal and rational reasons why sometimes investments are better held in Partnerships, corp or LLCs. They abound in the investment world. Ampex pays no management fees to Sherborne etc. The cynicism is unwarranted. If Bramson wanted to enrich himself, he'd pay himself a lot more, issue more and more stock options to himself where he'd get stock without loans or payment of ANY kind. That happens to be the American Way. But for some strangely ethical reason, he pays his own way, takes no bonus, awards much more to the folks that work for him etc.

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