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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: WAI who wrote (8603)5/20/1999 9:10:00 PM
From: john adriaan kolenberg  Respond to of 17679
 
Wai, you wrote <"If then 10% of the entity was IPO'd, Ampex's ownership would drop to 45%, and Ed would theoretically at least, have lost control."> the option to buy in was/is for 51 percent of the company and the way i see it, its like a marriage now, so it would or should be 5 percent from each side of the company selling to make the ten percent. why would the full ten percent be subtracted from ampex 's position in the company?



To: WAI who wrote (8603)5/21/1999 10:34:00 AM
From: WAI  Respond to of 17679
 
Wow, I didn't mean to open up a can of worms! The discussion has been useful though. So it sounds like we all agree control is important, and whatever course they take, Ampex will still maintain that control. The incorrect assumption that I made was that exercising the option for majority ownership would give them 50.1% or 51% or whatever. It could easily be enough to IPO a fraction and leave Ampex in control.

Cheers,
William


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