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Gold/Mining/Energy : Harken Energy Corporation (HEC)
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To: Zeev Hed who wrote (3041)6/27/1998 10:05:00 PM
From: Ditchdigger  Read Replies (1) of 5504
 
Hello Zeev,I think HEC does have an option,but do they have the cash?
"Harken has the option to redeem for cash any shares of Series F Preferred presented
for conversion if (a) prior to January 9, 1999, the closing price of Harken common
stock on the conversion date is less than $4.80, or (b) on or after January 9, 1999, the
then applicable conversion price is less than $4.80, for an amount equal to the number
of shares of Harken common stock that would otherwise be issuable upon conversion
multiplied by the closing price of Harken common stock on the conversion date."
DD
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