James Feldman, thanks for repeating your message #5410. What do you think will happen at the Chapter 11 Bankruptcy hearing on Wednesday, May 14, 2008? The way the Chapter 11 Bankruptcy is structured, our only recourse now, as shareholders, is through the judicial process. Hopefully we can replace the current management and BOD with a new team that will turn Ampex around.
Now that we know (see message #5496) that Ed Bramson co-founded Hillside Capital in 1977, this explains a lot of their actions over the past years, especially when Bramson, as Ampex CEO, could have paid off Ampex's debt to Hillside during the Hi-Tech bubble years in the late 1990s or when the stock went up to $50+ per share because one of its patents was being used by the camera manufacturers...but didn't. The question now is "Why not?". Do you think there was collusion and self-interest (conflict of interest) going on between Ampex and Hillside back then?
Glad to know that Judge Gonzalez denied the Debtor's Motion to get a request to get an extension for immunity from lawsuits. As shareholders, we should get justice after all. Let the attorneys take care of Bramson, McKibben, Strickland and the rest. Thanks again for repeating your message #5410. |
