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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: John Liu who wrote (51)	8/17/1998 11:55:00 AM
From: MskiHntr	Read Replies (1) \| Respond to of 1438

John, I checked out that thread and I also contacted my research analyst. I've learned that there is indeed a so called "floorless" convertible vehicle. In the trade it is called a Serial Convertible. HEC, my interest here, does have a Series F preferred issued on April 9, 1998 with a due date of April 9, 1999. The convertibility of the issue is based upon the market price of the stock at the time of the conversion, subject to certain limitations. (Please see SEC Filings - www.harkenenergy.com - pg 8 of 25 in S - 3 filing with the S.E.C. on June 26, 1998. One learns something new in this business everyday and I appreciate John Liu et al in bringing this type of investment vehicle to our attention. Best,