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

To: Ed Ajootian who wrote (3465)	8/24/1998 9:24:00 AM
From: Rod Copeland	Read Replies (1) \| Respond to of 5504

Ed, You are probably right about me giving Zeev more credit than he has earned. However, I believe to err on the side of diplomacy is favorable when dealing with intelligent people that can contribute further to my learning. He is a nice guy, and extremely sharp. I have to respect his opinion, because he believes in himself and his ideas. That speaks volumes about his character. Egos sometime get in the way of rationale. I don't want that to happen with anyone on this thread. (And that includes Razor.) I agree with you about the rough sledding for HEC in the short term. However, there is going to be forthcoming a fairly consistent stream of news releases as drilling reports start flowing in. Depending on what kind of news we receive, HEC could perform contrary to the market. From what I heard on the news this morning, this may be an ugly day on the market. Well, got to run. More bean counting, and field supervision is calling. Keep Smilin'

To: Ed Ajootian who wrote (3465)	8/24/1998 12:22:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 5504

Ed, re: BTW, did you see that HEC's short interest only increased something like 300 K shares from 7/16 to 8/15? This was the very time period that our buddy the Z-man was putting out daily posts that conjured up images of massive shorting by the floorless securities holders. The fact that HEC short interest did not even increase by a day's average volume during that time pretty much closes the book on the Z-man's credibility IMO. Few comments, these reports just show the position at these two dates, one cannot find out, unfortunately what happens between these dates (and I do not understand why there could not be a daily report of the short position, with today electronics, why not, just that advantage that specialists have). I have presented data for HEC S-3, which points to the variable convertibility of three financial instruments amounting to $135 MM. I have also pointed to historical evidence that such floorless instruments in other cases have caused major dilution of current stockholders. Unless these were lies, I do not see what gives you the right to impune my credibility. You may question my conclusions, and you might even be right, but I have presented facts and the logical conclusion that such facts, in more than 90% of all cases, bring about. I think that an investor in HEC should always balance its financial structure against the "huge" potential indicated by Strain and even the company (which in my opinion is nothing short of hyping their own stock, when they say 8 billion BOE potential, you must read very carefully between the lines that this is a high hope not a fact). Zeev

To: Ed Ajootian who wrote (3465)	8/24/1998 2:32:00 PM
From: Don Crespino	Respond to of 5504

Boo! Was just wondering if anyone was paying attention!

To: Ed Ajootian who wrote (3465)	8/24/1998 9:38:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 5504

Disappointed? <<Was disappointed to not get an answer from Razor on what we could look for and when we should see it, to see if the theory of the floorless having an impact on HEC's stock price holds any water. All the guy can say is "wait & see"!>> Gee, Ed, what do I have to do, draw you a picture? <<Suffice to say that I don't think the stock will drop to zero immediately, but I do believe that it will continue to fall over time, due principally to the debentures, barring any huge commercial finds on the near horizon. It may take a while, just like AIPN, but IMHO the end result will probably be similar.>> Message 5569301 When it comes to f******s debentures, timing is important, and price declines usually occur after specific conversion trigger dates spelled out in the debenture documents. Look at the dates in the SEC filings for clues. <<He is not like he used to be. Too busy looking up words in the dictionary I guess. Maybe he's pissed at having come up short on Arakis and is taking it out on the rest of us.>>* LOL. What an imagination! <g> <<The fact that HEC short interest did not even increase by a day's average volume during that time pretty much closes the book on the Z-man's credibility IMO.>> That's a pretty naive statement, but you're not alone in your sentiment. This viewpoint is actually quite common amongst those who aren't very familiar with f*******s debentures. Suffice to say that the players in this game are professionals. They are very sophisticated, and they maneuver around SEC filing deadlines, quite legally, like orange cones in a driving test. Razor