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

To: HPilot who wrote (8639)	5/21/1999 10:15:00 AM
From: killybegs	Read Replies (1) \| Respond to of 17679

Hugh, I would suggest you are the one that needs to get less hostile and more thoughtful. You don't know what you don't know. Your assumptions about how this works are wrong. Instead of getting huffy, get an IPO prospectus; go to the section that is titled something like "Beneficial Ownership" and see how it works. Carl's example is the way it is. You are arguing with bad assumptions.

To: HPilot who wrote (8639)	5/21/1999 10:16:00 AM
From: Carl R.	Read Replies (2) \| Respond to of 17679

No. In the example Ampex would not have a majority interest, but only 46%. They would have the largest interest, and probably a controlling interest, but not a majority, which would be anything over 50%. In the example it is theoretically possible that the public could side with Gardy to wrest control from Ampex. Yes it is theoretically possible that AXC could buy additional shares at the time of an IPO so that they could stay at 51%, but to do so they would have to part with cash that they don't have. The point of the IPO is to increase their cash, not decrease it, so don't expect that to happen. Also as for Ed buying IPO shares, it won't happen. He loaded up on AXC shares last fall, and I suspect he has all he wants. Carl