Ampex Corp. Message Board

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Technology Stocks : Ampex Corp.

AMPX 13.57

-3.8%

Nov 3 3:59 PM EST

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To: James Feldman who wrote (5693)	8/16/2008 3:52:11 PM
From: phoenix2	Read Replies (1) of 5839

Can we, the stockholders, still do anything? It seems like this bankruptcy process provides little or no protection for the common shareholders. Based on what has happened, evil people with evil criminal intent can manipulate the US bankruptcy laws to their own advantage... and if approved, the common stockholders (from what I've seen) really has had no say in the bankruptcy process, even though their equity ownership in AMPEX will be cancelled and 80% ownership transferred to Hillside. AMPEX needs to define what "Net Cash Proceeds and Net of Expenses" means before they get thrown in jail for their Hollywood type accounting. As you pointed out,I agree that their would be less likelihood of cheating the common stockholders (Hollywood type accounting) if CPR calculations were based on "gross receipts from the IP".

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