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


To: James Feldman who wrote (5693)8/16/2008 1:04:59 PM
From: duke of axc  Respond to of 5839
 
Yes James this is a classic example of if they can not screw you one way they will screw you another way what it boils down to is don't expect anything from the carpet bagger robber Barron's. This is for those of you that have not objected to the BK and expect to get a little something for your loyalty.



To: James Feldman who wrote (5693)8/16/2008 3:52:11 PM
From: phoenix2  Read Replies (1) | Respond to of 5839
 
Can we, the stockholders, still do anything? It seems like this bankruptcy process provides little or no protection for the common shareholders. Based on what has happened, evil people with evil criminal intent can manipulate the US bankruptcy laws to their own advantage... and if approved, the common stockholders (from what I've seen) really has had no say in the bankruptcy process, even though their equity ownership in AMPEX will be cancelled and 80% ownership transferred to Hillside. AMPEX needs to define what "Net Cash Proceeds and Net of Expenses" means before they get thrown in jail for their Hollywood type accounting. As you pointed out,I agree that their would be less likelihood of cheating the common stockholders (Hollywood type accounting) if CPR calculations were based on "gross receipts from the IP".