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significant portion of Ampex’s business was dedicated to
developing Internet video programming and technology, often
through its wholly owned subsidiary, iNEXTV.
Petitioner decided to invest in Ampex common stock after
reviewing its public disclosures, including recent financial
statements and a number of press releases issued by the company.
From November 29, 1999, to December 7, 2000, petitioner purchased
60,000 shares of Ampex common stock through his brokerage account
with TD Waterhouse, as follows:
Trade Price Per Total Cost (including
Date No. of Shares Share commissions and fees)
11/29/99 3,000 $4.6875 $14,107.50
12/03/99 3,000 4.5625 13,722.50
12/08/99 2,000 5.3750 10,795.00
12/08/99 2,000 5.2500 10,535.00
12/10/99 2,000 6.0625 12,137.00
12/10/99 6,000 6.0625 36,435.00
12/10/99 2,000 6.0000 12,035.00
12/10/99 2,000 6.0000 12,035.00
12/13/99 3,000 6.0000 18,012.00
12/13/99 1,000 5.9375 5,972.50
12/14/99 1,500 5.8750 8,824.50
12/14/99 2,500 5.8750 14,722.50
12/14/99 2,000 5.7500 11,535.00
12/23/99 2,000 4.9325 9,887.00
01/31/00 1,000 3.3750 3,410.00
07/28/00 5,000 1.5000 7,512.00
10/31/00 5,000 0.7500 3,765.00
12/01/00 5,000 0.5625 2,827.50
12/04/00 5,000 0.5000 2,515.00
12/07/00 5,000 0.4375 2,202.50
Total 60,000 $212,987.50
As provided in the above table, petitioner’s overall cost basis
in the Ampex stock was $212,987.50. Petitioner purchased shares
at prices ranging from $0.4375 to $6.0625 per share.
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Last modified: May 25, 2011