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Dear Valued Client,
You currently hold shares of Ampex Corp. (AMPXQ) in your [broker]
account ending in xxxx. At this time there is a voluntary exchange
offer for shares of Ampex Corp.
The terms of the offer are as follows:
- By surrendering their common stock, holders who held common stock as
of July 31, 2008 may be eligible to receive a distribution right,
which will entitle them to receive a prorated percentage of certain
future net cash proceeds, if any, from licensing and other monetization
initiatives related to the debtor’s intellectual property, in excess of
specified amounts
- This offer is subject to being amended, extended, prorated or withdrawn
by the offering company.
- Requests submitted after February 3, 2009, will be processed on a best-
efforts basis. The exchange offer is set to expire on February 6, 2009,
unless extended by Ampex Corp.
What you need to know:
- This offer is for the surrender of shares for the right of distribution.
There is no guarantee of a future distribution or a time frame for
receiving the proceeds. Once the proceeds are received, they will
automatically post to accounts due.
- Please keep in mind that once the shares are tendered, they are non-
negotiable. They will not be eligible for withdrawal, transfer or removal
as a non-marketable security.
- This offer does not have withdrawal privileges. Once instructions have been
submitted, they cannot be withdrawn.
- [broker] will charge a voluntary reorganization fee of $30 to participate
in the offer.
What you need to do:
- If you do not wish to participate in this voluntary offer, no action is
required on your part.
- If you wish to participate in this voluntary offer, we must receive your
instructions on or before February 3, 2009.
- To submit instructions to participate in the voluntary offer by email, please
follow these steps: |
