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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.93

+5.8%

Jan 22 3:59 PM EST

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To: Gus who wrote (3425)	9/17/1998 12:07:00 AM
From: David Wise	Read Replies (1) of 17679

I hope if we ever win we can recover not only attorneys' fees (which as I recall was NOT a possibility by the last judge's ruling), but also some kind of penalty for the malicious theft and all the prolonged appeals. There are some parts of the American judicial system that are broken. This is one. Another example - I had stock in a company that claimed to own a division that had contracts to produce a TV series and receive royalties for after market toys and stuff. They even had a full page add to this effect in a financial magazine. Months later they announced that they had broken off discussions with the company that they were trying to buy which actually owned the TV program and had the contracts. Meanwhile, the stock promoters had made a killing selling their stock while the rest of us held on too long. I told the president of the company that I was considering a class action lawsuit. He said he'd just file bankruptcy if I did. Actually, the company was so small that I probably couldn't get an attorney to do it even as a class. He filed bankruptcy, anyway, and has since been taken over by vote of stockholders. I lost about $1,700. Not enough to be worth paying an attorney when I may not even be able to recover. But unfortunately these scumbags know that and use it to get by with theft. Sorry - the last part is off subject, but is meant to point out a general flaw in our judicial system. When it is too complicated and expensive to use the system of justice, justice is not served. Many people go bankrupt and lose everything while spending years trying to get a case settled in court. It would be a very interesting statistic to find out how many people believe they have lost money unjustly but decided not to go to court for these reasons. I'll bet it's greater than 50% of the population.

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