Boots:
Two things which must override everything is to observe price action as one big component
in your judging the situation next week and to observe the institutional activity.
For the first, watch price and volume next week. Then factor in the gloom and doom from
the annual meeting and see what effects there are. For the second, see:
insidertrader.com
The as of date is 3/31 meaning that the reports came in during April and May. Something
does not add up.
I suspect that Bramson is basically an arrogant son of a ***** and when talking to the likes of
you and me types holds his nose and produces the "it can go to zero" or "it could be ugly here
toward the end of the year." Does he say this to the debt holders? to the Institutional investors
when they call up? NO NO NO by 1000 times NO. I'm certain that, with these people,
Bramson sucks up bigtime.
One other outcome that is a possibility. The patent approval should be forthcoming the later
part of this year. As iNEXTV ingratiates itself in MSFT, YHOO, cripes even JUNO (if they
survive), the utility of the iNEXTV will become perhaps commoditized yet patent protected.
There is always an outright sale of the whole enchalada.
ADS PLUS the entire patent (except for ITG) portfolio should be enough to bury the Ampex
legacy. iNEXTV production studio assets including "know-how" (does not come cheap)
and ITG's patent would then be the salable goods. SWAGGING at 100 Mill for this part
of the package.
Given the record of execution the last few years, many many CEO's would have resigned
or announced that the assets were up for sale. Will Bramson be emotionally capable of
arriving at this? Or, will it be, '"My Company my company you can have it for $40/sh". I don't
know.
Anyway, if there is a BIG EGO problem here, the debt holders may turn out to be our
friends, kind of.
On the other hand, as far as a VC or JV is concerned, again I have my doubts that Bramson
is emotionally capable of working well with other people - at the same level. Here, hopefully,
the JV or VC will force an management / director presence that is an even
bigger SOB - they do exist, that I'm certain of - no caps on supply here.
One footnote. I'm interpreting hints that AENTV is also a candidate to closedown. It would
explain a lot. Like why AENTV is not on ITG and the "delay in getting the phones
installed" - I never bought that one.
Ed Perry |
