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

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To: Zeev Hed who wrote (4278)3/13/1999 4:02:00 PM
From: Arktic  Read Replies (1) of 5504
 
Zeev:

In a world full of fugitives,
the man taking the opposite direction
appears to be running away.

T.S. Elliot

Bottomline from my perspective is that if the SEC were to investigate anybody, they would probably investigate the behavior of the HEC bondholders to determine the veracity of your claims of "bandit" behavior relative to "floorless" investment strategies. Hopefully, if they uncovered a pattern consistent with your description they would take measures to regulate these financial instruments to avoid exploitation of equity investors in the future. If your "floorless" hypothesis was not backed up via such investigation, then the outcome would probably be no action on the part of the SEC. I suppose if your investment strategy involved duping HEC investors with bogus information in order to enjoy a gain via short-selling, then the SEC may want a piece of you. But only you would know if there was any risk of that nature at play in this scenario.

If somebody feels that you've engaged in libel or slander, they can take that issue up as a civil matter. However, it is intuitively obvious to the casual observer that "An attorney is a person who helps you get what's coming to him/her."

Bottomline... don't swing at every pitch.

Paul L. Craig
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