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


To: Don Crespino who wrote (3781)12/7/1998 6:33:00 PM
From: Rod Copeland  Read Replies (4) | Respond to of 5504
 
All this "floorless" crap is just that....Crap! I don't deny the existence of it, but in order for the "death spiral" to take place there will have to be action on the part of the holders.
Zeev is "playing it safe" and propagating his theory. The problem is that the theory won't come into play at all. Why?? ... because the holders of the bulk of this paper are "friendlies". They are unbelievably stout financial "friends" of HEC. They don't need to shoot the chicken that is about to lay a golden egg.
I'm betting big bucks that I am right. Zeev has been burned in this scenario before, so he has to play it safe. I don't blame him for that, but just everyone be aware, that selling now might be the WRONG thing to do. I know its hard to believe that all business people aren't cold, calculating, and ruthless. But there are some out there who won't cut and run for their quick buck.
This story will play out before us in short order. So, if I'm wrong, I will eat a little crow with my losses.
Keep Smilin' Everyone, and we'll soon see if we have "friendlies" or
"Cong" holding this paper.