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

To: Timelord who wrote (3159)	7/8/1998 10:06:00 AM
From: Zeev Hed	Respond to of 5504

Timelord, those guys should not be considered nice or not nice, their business is to provide financing of last resort, and when a corporation is on the financial ropes, it might be survival (it was a floorless that snatched AKSEF out of the jaws of bankruptcy). The floorless are not philanthropic, they are in his business to make money and a lot of it, just as Venture Capitalists are, both demand and get excessive rate of returns, because from time to time they do not get a chance to recover their investment. The CTYS floorless stand a chance to lose half their money (to the extent that they did not hedge the whole position, which I think they did not). Zeev