Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Michael Olds who wrote (9395)	6/20/1999 4:21:00 PM
From: killybegs	Read Replies (1) \| Respond to of 17679

I understand where you're coming from. I do think it pretty important to consider debt as debt and to consider equity as equity. Re your point about using cash instead of stock prematurely, you are probably correct. I do think Bramson has a use for the cash that would pay it back many times the 1.5 million redemption due. So give them stock. My point was that to the extent that things have progressed at the company that one may believe the stock to have a much higher currency value in the near future, then it may make sense to pay cash now. To the extent that the preferred holders do not have a guarantee of receiving stock, only an expectation, they would not be shorting stock.