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Technology Stocks : Ampex Corp. -- Ignore unavailable to you. Want to Upgrade?

To: funtimes_52 who wrote (5486)	5/9/2008 2:35:59 AM
From: phoenix2	Read Replies (3) \| Respond to of 5839

funtimes_52, you are correct. Now I know why all the Ampex management weasels sold out their Ampex shares and exercised their options...because they all had insiders knowledge and new what was being planned to take Ampex to Chapter 11 Bankruptcy and deliver it to Hillside? According to Ampex petition, McKibben serves as the sole administrator of the Ampex Retirement Fund ("Ampex Trust") that owns 5.3% of the voting securities of Ampex. McKibben, however, has no voting power over shares held by the Ampex Trust. Does anyone know who has the voting power for the Ampex Trust? Also, according to the Ampex petition, Value Vest Concentration Master Fund, Ltd. has 13.4%, Gruber and McBaine 7.5% and Bramson 6.4%. I sure would like to know where Bramson is coming from because he still has a hefty investment in Ampex. However, as I recall, he did sell off some before he was fired. He is not the kind of guy that would take Ampex down unless he had some other plans to make it pay off for him. I just don't know how any of the major shareholders would allow Ampex go to Chapter 11 Bankruptcy without having Ampex first disclose the findings or reports from M-CAM and Commercial Strategies concerning AMPEX's patents. Furthermore, Hillside does not strike me as the type of company that would take control of Ampex via Chapter 11 without first analyzing their downside risk. Hillside must have insider information for them to want control of Ampex Corporation. I believe that Ampex management days are numbered because of their failure to disclose vital information to its shareholders who they are supposedly working for and have a fiduciary duty to represent. Hope they all get sent to prison and/or ordered to pay restitution. What we need is an honest management team to take over and turn Ampex around.