Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.12

-1.8%

Nov 21 9:30 AM EST

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To: killybegs who wrote (4754)	1/26/1999 6:27:00 PM
From: Sal Davis	Read Replies (1) of 17679

A coupler of people have broached the valid subject of Ampex's current cash position after their recent investments in Reiter and TVontheWeb. If I'm not mistaken, at the end of Q3 they still had approximately $61M. Something which just popped back into my feeble brain, is that Ampex registered a 1.5M share shelf offering almost three years ago. At that time I believe that Ed or Karen may have stated that there was no specific purpose,however they felt it was important to get the registration out of the way in the event Ampex needed additional capital and the share price was right. (I always did like the Price is Right) IF, and I stress IF, internet mania or a semblance of it latches on to our Ampex, Bramsom may have his source of additional funding readily available:-) As put so eloquently by Buzz Lightyear: "To infinity & beyooooond!" Sal

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