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Gold/Mining/Energy : Parkcrest Explorations Ltd. (PKC) Harken (HEC) partner -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (223)	11/27/1998 11:39:00 AM
From: Ed Ajootian	Respond to of 261

Jeff, Nice to see the confirmation that all debt was cancelled. I don't see how anything can be done about Lipsett at this point. I believe we would have to wait until the next AGM at the earliest and even then I'm not very hopeful that the dissident shareholders could get organized enough to unseat him. I'm desparate for tax losses at this point and wondering if I could get away with selling my PKC now, waiting a month to go by and then buying back in, for the same price as currently. It would seem that the stock has had plenty of time to digest the news of this event by now and therefore should not move much in the next month. What do you think?

To: Jeff who wrote (223)	11/27/1998 1:49:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 261

Jeff, Another question (or actually series of questions). Have you heard whether the HEC stock will be registered or not? If not (most likely), then are you aware of whether PKC has any demand registration rights with respect to the stock? If the stock is not registered I believe that PKC would have to wait 2 years (pursuant to SEC Rule 144) before selling the stock. If so, I wonder what PKC plans to do in the intervening period.