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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)
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To: Razorbak who wrote (6731)7/29/1997 12:40:00 PM
From: Zeev Hed   of 9164
 
Razor: Uou might bre right on this one, I do not like it either, but it is life out there in corporate jungle. Let see, we have $3 MM out of a tash of $50 MM, tyhat comes to 6% loaned to officers. That must be the reason IPMCF is down from 14.5 to under 4, there they loaned $.3 MM out of what was a stash of about $2 MM to the Chairman (NO INTEREST NO COLLATERAL), which comes to 15%, thus the greater punishment of the stock.

Zeev
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