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Gold/Mining/Energy : Parkcrest Explorations Ltd. (PKC) Harken (HEC) partner
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To: Jeff who wrote (190)9/16/1998 7:31:00 PM
From: Ed Ajootian  Read Replies (1) of 261
 
Jeff,

Recent ROH report says Canacabare testing in January at the earliest.

Any word on the pipeline? Seems that it will not be ready by 10/1 as last thought.

Hopefully PKC is not being set up for a screw-job by whoever they are talking to about the loan. A lot of these NY firms take advantage of poor little companies like PKC. Start talking real positive, but then when its time to sign on the bottom line (and too late for the company to start talking to someone else), you say, "OK, now how about making this loan convertible, at 20% below market --- otherwise we walk".

As a fall-back, hopefully PKC is talking to Mikel about getting an extension of the maturity date. Mikel should be happy to do this given that he has screwed them yet again, buy not getting the pipeline set up in time to let them refinance. Just give the guy a million warrants at C$.25 and you can buy another half a year or so. Things should be a lot better in March.
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