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Gold/Mining/Energy : Harken Energy Corporation (HEC)

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To: R F B, Jr. who wrote (3081)7/1/1998 12:55:00 PM
From: Zeev Hed  Read Replies (1) of 5504
 
Raymond, the European deals were not floorless. Have you plotted recently the growth in HEC number of shares with time? By the way, AIPN also went through the roof (above 7) with a floorless (but theirs had anti hedging or shorting covenants, which HEC does not), and since then, the weight of the floorless established itself (the floorless probably used overseas account to start shorting in the 5 to 7 range and increase this shorting as the stock gets into a death spiral).

The words used then to appease the stock holders are the same that you are using now.

Zeev

Zeev
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