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

To: Zeev Hed who wrote (3257)	7/16/1998 12:07:00 PM
From: Soren	Read Replies (1) \| Respond to of 5504

I did not know you invented this useful terminology. Sure it's possible to make money but it is even more difficult than trading a stock in a downward channel without shorting. By the way I forgot to mention an interesting example where floorless has been issued (new generation : prefered stock and floorless convertible series) and the company has not been broken yet, this is IFCI. This is an interesting and smart example. it seems to me that everything depend on their ability to continue external growth rate. If they fail their could be a floorless bomb there. Soren

To: Zeev Hed who wrote (3257)	7/16/1998 2:45:00 PM
From: Rod Copeland	Read Replies (1) \| Respond to of 5504

Zeev, So could it be, that P/W used the term "bottomless" vice "floorless", simply because it is the standard terminology, and "floorless" has yet to be approved for the dictionary? We all know what P/W was saying, regardless of the terminology. Its a stretch to say they were trying to hoodwink anyone. P/W doesn't operate in that fashion... I'm pretty sure of that.

To: Zeev Hed who wrote (3257)	7/16/1998 4:00:00 PM
From: David Shie	Read Replies (3) \| Respond to of 5504

Zeev et al, I have held HEC shares since when it was trading in the 2's, and I certainly have no intention to sell - it would be silly to at this point. Look, it doesn't matter from where or how they get their funding; this stock is primarily an exploration play. I purchased it for the potential of benefiting from major discoveries in Columbia, and I believe most people who are long are in it primarily for that reason too. HEC has the second largest holding of any foreign exploratory firm and I'm sure the holdings were chosen with an eye for oil. If HEC doesn't score a major find, then its stock price will most likely drop (maybe to the 1's and 2's, where it has been before), as is true with any company of this nature, regardless of the terms of financing. On the flip side, if it hits big (as some of its neighbors have), then the stock will soar, regardless of financing. In the meantime, "well-meaning" people like Zeev may bring to question (again, again, and yet again) the wisdom of the company's financing decisions, predict the "inevitable death spiral" and such, but in my mind, it pretty much boils down to this: if you are long: this is an exploration play. Period. If you bought the stock for another reason, then you bought it for the wrong reason. If you sell the stock for any reason other than the company not finding enough oil on their holdings (which we have no way of knowing one way or the other at the present time), you sold prematurely. If the company hits big, we will definately profit handsomely. If not, that is the risk we took when we put money in the stock in the first place. What the stock does between now and when the results are in for the final exploratory well in Columbia is inconsequential. if you are short: keep trying to scare investors into selling - it's apparently working! If you can make money in the short term by doing so, go for it! There will probably not be a report out on any major exploratory wells for a few months at least, so you have plenty of time. But I'd suggest you cover before they announce, as I believe the risk for you there is greater than the possible reward (after all, if the stock goes down to 0, you only make 100%, whereas if it goes to 10+...) if you are Zeev: you are the only here who knows what your true motivations are, and I will give you the benefit of the doubt and assume you don't hold a position in HEC and spend numerous hours posting on this thread for the sake of us poor misinformed investors long on HEC in the hopes that we will come to our senses and sell this dog of a stock. Well, listen carefully (if that is your true intention), because if you can prove that HEC has no chance of scoring a major find, then I'm with you--sell this dog! If not, then please don't try to sidetrack us anymore with talk of "floorless", "groundless", "roofless", or "*-less" financing. And I'll even give you as much credit as saying that I think you know exactly what you are doing here. Sincerely, David