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 (3198)	7/12/1998 2:18:00 PM
From: SDR-SI	Read Replies (1) \| Respond to of 5504

Zeev: Thanks. I see your points. But I think a lot of the possible maneuvering is more related to the fact that the issue is a convertible, rather than it being a "floorless" (which I really don't think the $85MM issue is, in the same way that the $15MM and $37MM issues are). Any convertible begins to provide opportunities for its holders to play "short and cover" games; but the use of convertibles has historically been very effective in getting what would otherwise be secured lenders to become equity holders and to providing a means of financing to growing companies in a way that, if the company is successful, the ultimate debt load is mitigated. IMHO that ultimately, the extent to which the convertible is a benefit or detriment to the company's future would seem to be closely related to the company's ability to manage, grow and "deliver", rather than just the fact that a "convertible" is in existence. Thanks. Steve