Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 8.740

+10.8%

Jan 2 9:30 AM EST

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To: jonggua who wrote (1213)	1/10/1997 10:23:00 PM
From: stan s.	of 3256

This on the AOL board... 1/10/97 21:41:14 EST From H102548 >>>Today, Ampex filed a 424b(3) to in essence, sell both all the preferred, and over 9 million shares of the common-held by various institutions and people, including Bramson and Sherborne and State Street Bank and Paine Weber etc. Now this is either a formal restatement of a previous filing... which gives all, the right to sell at any time, filed to reflect the materially different circumstances wrought by the Maxtor deal... or it is an insider jailbreak of remarkable proportions. My opinion is that it is a restatement. That is the only thing that makes sense to me but I don't know. Anyone out there who does?<<< No responses yet.

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