Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 14.11

+14.8%

3:59 PM EDT

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To: Harvey H Anderson who wrote (3222)	6/28/2002 11:27:26 AM
From: Hal Campbell	of 3256

That of course is all but impossible to achieve, Harvey, but my guess is that if they score on digital patents and get the cash flow and stock price up substantially, they will be extended again. AXC has had a negative net worth ever since they joined the AMEX. One thing they can do of course is dump all the redeemables into the float in the next year.....which would be 28 million or so ( do not know how many they have released in the last couple of months) divided by the 2.5 per share redeemable floor. Probably over 11 million shares of eager sellers added. Can't see how that will really help anyone, but it would improve the balance sheet by over 20%.

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