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

To: Gator II who wrote (3137)	7/7/1998 5:30:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 5504

Gator, sorry for the delay, I am not on "call" with HEC (VBG). Dr. Doom gave the answer in the two posts and the four scenarios (your post Message 5107802 Look at the scenario and put yourself in the floorless shoes, which scenario is most beneficial for the floorless? The one in which they repeatedly carry on short raids at progressively lower price. Guess what the floorless will do? What maximizes their returns, not the returns of the present share holders. Those guys took a page from "The Merchant of Venice" , you want their money? Fine, if you do not take them out they will take a pound of flesh. Zeev

To: Gator II who wrote (3137)	7/7/1998 7:02:00 PM
From: R F B, Jr.	Respond to of 5504

Gator II : When I asked Mr. Cummings about the restrictions on the preferred stock and if there was any anti-arbitrage language, all he said was that SEC attornies have told him it is illegal to short preferred stock prior to conversion. Don't know whether or not this is true or not. I brought up the fact that the new european convertibles ($85 mm) had a conversion trigger of $6.50 and that they could short against their position as well. He said that it takes about two (2) weeks to complete conversion which would make margin calls difficult to float. Would be interesting to see if RGC still holds CyberCash as date of article was 8/18/97 with stock price of $18.81. RFB

To: Gator II who wrote (3137)	7/7/1998 10:52:00 PM
From: drjoedoom	Read Replies (2) \| Respond to of 5504

What about NUKO? Gator II poster this: << Thanks, RFB. I did an Altavista "Search" on RGC International Investors yesterday and came up with two interesting entries at this UAL. . . . The first reference under the RGC search was Nuko Information Systems (NUKO) which is trading today at .025; the company's common price has fallen from $4 since Sept of 97. >> So what had happened to NUKO? How 'bout allegations of accounting irrregularities and fraud: << BRUCE WOLITARSKY and CAROL WOLITARSKY, individually and on behalf of all others similarly situated, ÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿ Plaintiffs, ÿÿÿÿÿÿÿÿÿÿ v. NUKO INFORMATION SYSTEMS, INC., PRATAP K. KONDAMOORI and JOHN H. GORMAN ÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿ Defendants. [omitted section here] SUMMARY OF ACTION 1. This is a securities class action on behalf of public investors who purchased the common stock of Nuko during the period from April 24, 1997 through May 20, 1997 (the "Class Period"). This case involves a scheme in which defendants, among other wrongful acts, disseminated materially false and misleading press releases and public statements reporting financial results for Nuko's fiscal 1997 first quarter ended March 31, 1997. 2. In fact, documents reporting these financial reports, (i.e., the Company press releases and newswire reports quoting officers and/or directors of the Company), overstated Nuko's revenues and income. On May 21, 1997, defendants unexpectedly announced that a restatement of the Company's previously announced 1997 fiscal first quarter results would be required. 3. The financial misrepresentations disseminated by defendants during the Class Period permitted defendants to artificially inflate and/or maintain the market price of Nuko stock. 4. As a result of this scheme, plaintiffs and other unsuspecting members of the investing public paid artificially inflated prices for Nuko common stock during the Class Period, which stock traded as high as $7.75 per share during the Class Period. 5. The Company was finally forced to disclose the truth on May 21, 1997. Following the May 21, 1997 disclosure, Nuko's stock immediately fell over 31% and currently trades at approximately $3.375 per share, a price which is well below the Company's high during the Class Period. Nevertheless, throughout the Class Period, defendants remained glaringly silent and permitted Nuko's false financial information to remain uncorrected, in order to prolong -- for as long as possible -- the false, positive appearance they improperly fostered >> You think the floorless CAUSED this problem? Me neither. Joe