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Gold/Mining/Energy : Harken Energy Corporation (HEC) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (4449)	7/3/1999 12:08:00 PM
From: Author51	Read Replies (1) \| Respond to of 5504

FYI...........The Co. expects "Better than street estimates for 2ndQ"......Here's a petition we will deliver to CIBC...If you agree, please participate........Happy 4th to you all!!! Here's the petition..........If you agree, just take out my name, add yours, and e-mail to: info@cibcopco.com. Kindly cc: jstonemusic@earthlink.net....and mlewis@harkenenergy.com July 3, 1999 To: CIBC WORLD MARKETS Subject: Shareholder Petition of Dissent Please be advised that the following shareholder(s) of Harken Energy Corp. (HEC-AMEX) are hereby submitting a Petition of Dissent to CIBC's "Downgrade" of the shares of Harken Energy, issued by CIBC on July 2, 1999. The purpose behind this communication is to serve notice on CIBC World Markets that we believe this untimely downgrade may border on manipulation, and as such could have grave consequences for CIBC's standing in the investment community. A synopsis of the downgrade suggests, without ANY factual basis, that HEC is a "catalyst" driven stock, and no catalyst events are foreseen in the near-term by CIBC. We refer to the following points of your prior "reiteration of strong buy" dated: May 14, 1999. 1) 1Q99 Operating results. 2) Mention of high potential for Columbian drilling operations. 3) Mention of Harken's Laurel #1 Well drilling operations. 4) World Bank financing for $55 million dollars re: HEC's Bolivar assets. The facts indicate NO MATERIAL CHANGE of a detrimental nature has occurred since your May 14, 1999 report. In fact, on July 1, Harken released encouraging initial findings re: Laurel#1. You indicate expected news on the World Bank financing in 3Q99. We are now in the 3Q. It would seem, the "catalysts" mentioned in your downgrade either have occurred, or are imminent. Oil prices are hovering near the coveted $20 a barrel price. Your July 2 "downgrade" is viewed by us as erroneous, untimely, and possibly manipulative. THEREFORE, we will expect an appropriate public response from you by 5pm est, Friday July 8, 1999. And an immediate electronic response to us by 5pm est, Thursday July 7, 1999. Your failure to submit what we deem to be an appropriate response will initiate our consideration of filing an official protest with the United States Securities and Exchange Commission, requesting that they begin an immediate investigation into the trading patterns of the shares of Harken Energy Corp., and any possible link between price manipulation and CIBC World Markets trading activities in that security. We will also consider the release of this Petition through the Pr Newswire, or any other News services deemed appropriate. Please respond by e-mail to: jstonemusic@earthlink.net John Fiorentino Shareholder, Harken Energy Corp