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

To: Nosaj who wrote (5706)	8/28/2008 11:30:16 AM
From: valuehunter	Read Replies (1) \| Respond to of 5839

Nosaj - Over time I came to realize that AMPX "mgt" placed our interests extremely low. I once asked McKibben during a CC whether the company would consider selling ADS. He scoffed at me and dismissedly stated "why would we consider selling a profitable division". (Or something to that effect). Right then my opinion of him as an ashole with questionable integrity helped me to pull the trigger. In hindsight, his response was disingenuous at best realizing what these creeps really had in mind. The lot of 'em are all pieces of sht............IC

To: Nosaj who wrote (5706)	8/28/2008 5:23:58 PM
From: phoenix2	Read Replies (1) \| Respond to of 5839

I think a more revealing question to ask is "What possessed Ampex management at the time not to sell off shares into the market strength (when it went up to $50+/share price at the time) and pay off all its pension liabilities at the time. Management could have done this, in addition to using the proceeds from its patent revenues, to pay down its pension debt." At the very least, if management was looking out for the interest of its shareholders, management could have set up a reserve to guaranty the payment of its pension debt obligations. In my opinion, it was again due to the incestuous relationship and self interest and self dealing that existed between Hillside, Bramson, McKibben etal., as was revealed in James Feldman's forensic investigation of Ampex's past agreements as covered in his affidavit to the bankruptcy court. Again, at the very least, does anyone agree that the information revealed in James Feldman's affidavit should at least warrant an investigation by the Security Exchange Commission's criminal investigation unit? Given the background information and history of this company, the judicial system would truly be a failed disappointment if there is no follow-up criminal investigation to protect the common shareholders of a publicly traded company on the stock exchange.