Ampex Corporation (fka AEXCA)

[micasey123]

WAVAP.I saw this one on RB...no idea how it will play out.

By: selvasanga
19 Apr 2005, 01:21 PM EDT
Msg. 591732 of 591740
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Some DD on WAVAP and heres what we found on some other message boards. WAVAP are shares of stock that were given out when Wachovia merged with another large bank. This stock is now a shell but when Wachovia decides to liquidate WAVAP the shares will be worth substantianlly higher than they are now. Another option that we found that Wachovia has is it can Reverse Merger or spin off WAVAP into an existing company and if that happens theres no telling how high the price per share on this can go. This can be another SPEA in the making. From what we have read Wachovai will have to do some thing with WAVAP soon, whether it be to liquidate the shares or reverse merger them into an existing company. AT these price levels this looks like a very very good investment. Maybe the increased volume before the close on Friday was due to word getting out that something is going to happen soon. WOW this could be the stock that finally makes us rich.In our opinion, considering the potential this has, anything under 25 cents is a steal.