Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zeev Hed who wrote (3191)	7/12/1998 6:04:00 AM
From: Ditchdigger	Read Replies (2) \| Respond to of 5504

Hi Zeev,thanks for the info.. I am currently trying to find more info on a " convertible credit line". From a PR "In addition to the company's April 14, 1998 news release regarding the proposed debenture financing, the company would like to clarify the following items. Nevtah continues negotiations with several major European Institutions for convertible line of credit. The company expects to complete an agreement that will include a ''draw down'' arrangement that will trigger conversion under certain conditions and terms at the time funds are released" biz.yahoo.com Any comments? Not much detail,will be calling the company tomorrow to see what I can see (don't own the stock,but trying to learn more about this type of credit)..DD [I think "draw down" means --convert to stock] PS: I am now running windows 98,does anyone know how to get rid of the pointer auto select? If I have the pointer over a link or function button,it automatically selects...I don't like it..<g>

To: Zeev Hed who wrote (3191)	7/12/1998 12:21:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 5504

Zeev, If I didn't know you better I would say that your comments about the recent S-3's increasing the number of shares outstanding, indicated that you were either a blithering idiot or a coniving sonofabitch! <g> As shown in the filings, the company is not issuing any of these shares being registered. It appears that the company is merely registering shares that have come into being as a result of the conversion of the prior convertible note offering. If the convertible notes are still debt and not stock by '02, HEC would merely pay them off in cash, from moneys raised in loans against the massive reserves and cash flow they will have generated by then --- just based on the fields they have discovered so far. Hopefully the prediction of a spudding announcement for Islero this week that was made on Yahoo is accurate, so this thread could then rid itself of this insidious distraction you have wrought and get back to talking about the _real issues that will drive this stock' s price in the near future. <Don't mind me, I'm just in a pissy mood since I gotta work on a great day like this! <g>>