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

To: mamenikr who wrote (5601)7/4/2008 10:16:54 PM
From: ampexfan  Read Replies (3) | Respond to of 5839
 
Boy, are you all out in the cornfield. The simple fact is that years ago Ampex downsized and was left with a huge pension debt. Bramson used his other sources of funding to prop up Ampex by loaning it huge dollars to pay off that obligation. The hope was that eventually the patent portfolio would pay off, and relieve the debt. When it finally became clear that that was not going to happen, the only recourse was the present deal where the company goes bankrupt and the creditors get paid by obtaining whatever is left over. The shareholders, unfortunately, are simply out of luck. You took the risk. Now buck up and move on.



To: mamenikr who wrote (5601)7/5/2008 11:04:26 AM
From: fuddled  Respond to of 5839
 
Mamenikr, no reason to be patronizing. My question was specifically if you had engaged a lawyer for a class action. I assume you have some reason for not answering with a simple yes or no. At the moment, don't really care. No need to respond anymore.



To: mamenikr who wrote (5601)7/5/2008 11:50:09 AM
From: DrD  Respond to of 5839
 
Thanks mamenikr for all your efforts on behalf of the many long-term share holders
Dr D


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