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

To: Hal Campbell who wrote (9423)	6/21/1999 6:19:00 PM
From: Michael Olds	Respond to of 17679

Countdown: With the closing price average for June at 6/19/99 of 3.879167 $1,500,000 converts to 386681 shares (Equal to 0.74 average-share days to sell.) One sixteenth less converts to 393,013 shares, 6,332 additional shares At the high close for the year of 6.125, the value of the conversion today would be: $2,368,421 (that's 157.89% over the face value). The value of an additional 6,332 shares would be: $38,784 (an additional 2.59%) Two senarios: I am now assuming that any manipulation of the price has been completed. To have waited for the events of this week to play out would have been too risky, but: If the closing price were 4 from tomorrow to the 25 th, went to 4.25 on the 28 th, 4.5 on the 29 th and 5 on the 30 th the average price for June would still be under $4.00 More interesting, if the price goes to 4 tomorrow, 4.25 Wednesday, 4.5 Thursday, and 5 Friday, it will have to go to 3 on the following Monday and 3.5 on the following Tuesday to stay under 4. It becomes even more interesting if you figure that if the object was to gain more shares, the manipulators have faith in AXC. If they have faith, they expect the price to rise. If they want the price to rise, they probably would like to see AXC in the Russell 3000. In that case, they probably would not mind seeing the average price for June end up at over $4. Just not too much over. As many shares as we can get and still see the June average end up over 4.