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Technology Stocks : Ampex Corp.
AMPX 13.83+12.5%2:27 PM EDT
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To: phoenix2 who wrote (5806)12/23/2008 11:12:00 AM
From: Myothername  Read Replies (2) of 5839
 
I have not received the notice, but expect it will come soon - maybe when the mailman can get through the snowdrifts.

I am looking forward to getting the "registered" piece of paper so I can put it in the file and forget it.

.....and, I think most importantly, write off the big loss that keeps showing up in my brokerage account. I would like to hear opinions about "writing off the loss" while I am still holding the contingent rights.

Your question about a cash amount to be distributed: In the settlement accounting, they valued these contingent distribution rights at $500,000. This is not an amount that will be distributed. It is a hypothetical value of the contingent rights that will someday be worth "zero" or "millions", take your pick.
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