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Gold/Mining/Energy : Harken Energy Corporation (HEC)
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To: Arktic who wrote (3083)7/1/1998 1:51:00 PM
From: Zeev Hed  Read Replies (1) of 5504
 
Paul, even the current European convertible (some $85 MM if memory serve) is at a fixed conversion rate of $6.5 per share. The $15 and $35 million of preferred are convertible at the lowest of the last 20 days bid ( or an average) or the last five days (each is different).

Zeev
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