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Technology Stocks : Ampex Corp.

AMPX 12.73

+13.1%

3:59 PM EST

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To: justlooking1 who wrote (5559)	6/25/2008 5:18:40 PM
From: phoenix2	Read Replies (2) of 5839

Still waiting for answer to my last message. After the firing of Bramson and the hiring of Strickland at AMPEX and subsequently driving the stock price to 0 (almost) and Chapter 11 bankruptcy, anyone know why Hillside is so anxious to gain control of AMPEX? Also, why are they so fearful of a full audit and review of AMPEX's operation? In addition, it sure would make more sense if Ampex would disclose the report(research/review)findings of M-CAM and Commercial Strategy to the bankruptcy court since Ampex have not disclosed it to the shareholders and are attempting to eliminate the equity shareholders through Chapter 11 bankruptcy proceedings. By not disclosing the report findings, which they had a fiduciary responsibility to its shareholder to disclose, it sure make them look bad and suspect. What are they hiding? If Hillside succceeds in the takeover of Ampex, they would be paying only about $50M+ with a simple debt for equity swap. Anyone know who is master minding this takeover?

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