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Technology Stocks : Ampex Corp.

AMPX 12.73

+13.1%

Nov 7 9:30 AM EST

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To: phoenix2 who wrote (5453)	4/29/2008 5:11:44 PM
From: James Feldman	Read Replies (1) of 5839

That comes from the conference call for 3Q 2007. The question was from Pat McBaine of Gruber & McBaine, and he wanted to know what management was doing to raise equity capital during the last 60 days or so. McKibben and Pat McBaine said something along the following lines: McKibben: I don't know that we're at liberty to answer that. We have had a series of meetings in New York with a current major shareholder and with a prospective investor. Pat McBaine: Well, I'm a major shareholder, and nobody contacted me. McKibben: We were considering a rights offering and we were meeting with 2 principal shareholders, and we were looking for someone to backstop a $15 million rights offering.

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