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


To: Myothername who wrote (5808)12/23/2008 6:55:07 PM
From: Harvey H Anderson  Respond to of 5839
 
I also had not received any notification concerning the Contingent Payment Rights distribution. As it has been well over 60 days since the cancelation of the common shares on 9/20/2008, I contacted my brokerage house's reorganization department to try and find out what's happening. They informed me that they've been notified by Ampex or Ampex Internation Sales (the CPR Administrator) that there is new information concerning the CPR's that they expect to receive shortly and that such info should be available by 12/29/2008. The latest CPR info that I could find on Edgar was dated early in October (http://sec.edgar-online.com/ampex-corp-de/8-k-current-report-filing/2008/10/09/section31.aspx).

About three weeks ago, not having received any call back from Karen Dexter, I placed a call to Ampex in California. The call was answered by "Security" who informed me that Karen Dexter no longer worked there when I asked to be transfered to her extension. When I explained that I was trying to get information on the distribution of CPRs, he said that the legal department was handling it and transferred me to their extension. The person I talked to in the legal department said that CPR information was being handled by "Investor Relations" and she transferred me to their extension. Lo and behold their extension was answered by Karen Dexter's voice mail and I duly left a message as directed. To date no response back from her/them.

As my brokerage house, Charles Schwab, is still carrying the shares under a tracking "pseudo" cusip and I don't need the loss this year, I plan to wait until 2009 to declare the loss and only take a standard deduction for 2008.



To: Myothername who wrote (5808)12/23/2008 7:10:46 PM
From: Harvey H Anderson  Respond to of 5839
 
Dick, Just one other item. The info that the reorganization department at Schwab said they were evaluating was received by them last Thursday (12/18/2008) and they said it has to do with a change in terms of the CPR distribution. I'll post again if I'm able to determine just what the change in terms are. I'm having trouble enough just trying to decipher the terms contained in their October release. :)

Harvey