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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SargeK who wrote (50528)	9/7/1999 3:00:00 PM
From: Brent Hogenson	Read Replies (1) \| Respond to of 95453

Sarge how can you promote HMAR? It is a scuttled ship waiting to sink. The only reason it hasn't continued its crash is everybody left has said "I lost over 95% of my investment, what difference does another 5% mean at this point." The debt outstanding is 700 million and the market cap is 7 million. Who is taking the risk here? The banks will own everything before this is over. They will sell off all the good assets. (i.e. recent sales to TDW) If there is anything left over, it will be owned and ran by the banks. When the oil market recovers, the banks will sell the remaining assets. After all this is said and done, the banks will probably still lose money.