SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Aahh...iNEXTV (AXC) The NEXT Thing!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bootsup1 who wrote (3863)6/3/2001 1:57:24 PM
From: Ed Perry  Read Replies (1) of 4169
 
Yes to question one. And thanks for the breakdown. Good discussion points.

ITG and Net patents at 100 Million. I'm guessing at the per share common breakup value to
be somewhere between 1.25 and 2.00/sh after satisfying the debt holders. It all depends
on the value it holds to someone.

A number of things follow on.

* The institutional presence would not have a chance to sell shares in this market but they
could bring pressure to bear to sell the enchalada. A certain Mr. Price of xxxxx fund is
an example of this approach.

* There are and will be more than enough loss carry-overs. Not at all sure here, but perhaps
an enchalada buyer can also benefit for applying the loss carr-overs to their own profits nad therefore
reducing rheir own taxes.

* Using your figures, 85MM debt and 1.50 /sh would need 175MM total of something. If
a purchase by someone were involved, it might not be all cash. That is the debt holders
would get cash and maybe some equity and the common would receive all equity of
someone else's shares.

* Here, again Bramson is the wild card. His average cost for his considerable position
is above 3/sh (not sure here - that's his problem). If and when he sells Ampex (if it gets to
that), he is finished in the financial world - absolutely so. Will he accept this fate or
will he pull a Cap'n Ahab. I don't know. Again, if I were a debt holder or an
institutional, I would have signed documents in blood (Bramson's) detailing the
disposition of these eventualities.

* The bright side is that, there ARE assets. DST does have value in the Digital Video World.
Net streaming will evolve into an important perhaps lucrative medium. I see nothing wrong
with the fruition of these assets when developed by the proper executive parties. Unfortunately,
it may just not be Ampex and Bramson. No hard feelings there, it's just business.

Ed Perry
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News