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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: killybegs who wrote (9383)	6/20/1999 1:11:00 PM
From: Michael Olds	Read Replies (2) \| Respond to of 17679

We can hope! It seems to me you're senario gains likelyhood the further out we go. Right now, and I would guess for at least the next two years, cash is going to be very scarce. And if the short sellers are the holders of the Redeemables, wouldn't giving them the shaft risk ticking off an important associate?

To: killybegs who wrote (9383)	6/20/1999 3:16:00 PM
From: HPilot	Read Replies (1) \| Respond to of 17679

<Should they announce this on June 30 after the webcast, short sellers of stock may be truly screwed.> You are assuming that the market will approve of Ampex. I am not so sure. I fully expect the stock to be at a short term high on the 27th or 28th. And to decline somewhat after that. After that it depends how the market intreprets the new information and all of the debt securities. Short sellers could make a good profit if they short on or just after the 28th. As for as the holders not looking like companies that would not short? Not sure about that but I fully expect most of them to sell after the 28th!

To: killybegs who wrote (9383)	6/20/1999 10:38:00 PM
From: Carl R.	Read Replies (2) \| Respond to of 17679

Jubimer, I am well aware that it is not convertible, but rather redeemable. Either way it still means adding additional shares to the float on a regular basis unless the redeemable holders elect to continue to hold the shares. When a company does a secondary, they get an analyst to recommend them, and a broker network pushing the stock, both of which help the market to absorb the shares. Here they increase the float without either benefit, albeit by a smaller amount. I am delighted to know that they do not need to tell the holders in advance whether or not they plan to pay in cash or stock, as that should serve to prevent shorting. If they sell the shares after they receive them that still affects the stock price negatively, but at least they can't have their cake and eat it too. If they can sell prior to the end of the quarter, they can drive the price down, so the more shares they sell, the more they get. Speaking of shorting, does anyone know a web site where the short interest of an American Exchange issue can be checked? I've seen places for NYSE and NASDAQ, but not for AMEX. That might tell us if any additional shorting is taking place. Carl