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

To: Zeev Hed who wrote (3101)	7/4/1998 5:30:00 PM
From: Arktic	Read Replies (1) \| Respond to of 5504

I don't know the answer to your question Zeev. I'm hoping one of the accounting types on the thread with some additional information about this issue will post their thoughts. In the mean time, I'll take your concerns under advisement. Based upon the proved/probable reserves already established and the possible reserves in the Cambulos, I'd be hard pressed to sell this stock at this time. As you know, I've been wrong before but I've also been right a time or two <ggg>. Other's have thoughts regarding the "floorless" issue Zeev is discussing? Thanks. Paul L. Craig

To: Zeev Hed who wrote (3101)	7/5/1998 7:41:00 PM
From: Traveling Man	Read Replies (2) \| Respond to of 5504

Zeev, This "floorless" issue is serious to me. I have a friend on another thread who gave me a very detailed explanation of his bad experience with a company that did this. At the time, he did not understand what it meant. The price spiraled down to almost nothing before he exited. He gave me a good explanation, but I'm too dull to remember it,except that the holders have an incentive to short the common shares, as you have pointed out. I have to believe,as he told me, that it simply gives the current shareholders the "shaft" in deference to the folks who provided them cash they could not otherwise have raised in the standard fashion. Hope I'm dead wrong on this. TM