Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rod Copeland who wrote (3782)	12/7/1998 8:42:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 5504

Rod, it is a very simple calculation, RGC's interest is to keep the shares as low as possible during the next month, since then they can buy shares (for $30 MM since they have the right to buy the same number of shares from the company at the exercise price of the debenture). Their debenture is convertible anyhow by April 1999, so why should they convert to fewer shares? I would submit that they have already shorted a good number of these shares around $3, they could be doing a little covering before shorting much bigger time during the critical period, then lay back, see what the bounce is (and I fully expect the stock to go under $2 before January $9), maybe even cover some themselves and then short back on the late January bounce to ($3?). If it goes higher, fine, they can deliver the converts against that position, if it goes lower, they cover again and on the next bounce short. They cannot lose, since the December pricing period is what their final conversion is at, at worse, if the stock is driven further down, like to $1, they can end up with 30 MM shares (many of these, of course, already delivered against prior shorting exercises if the stock went the other direction. RGC is in the business of printing money, not extracting oil. Zeev

To: Rod Copeland who wrote (3782)	12/7/1998 10:07:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 5504

"Friendlies": (See AIPN) Rod: I wish I had a buck for every time I heard the "friendlies" argument from former bulls on the AIPN thread. "The Hunts are friendly investors who want what's best for AIPN shareholders!" Yadda yadda yadda. Unfortunately, many of those same bulls soon got their horns clipped and are now cursing the ground the Hunts walk on and demanding the head of an unnamed corporate CFO based in New York City. Let's be honest, OK? These guys are in this for the money. Bottom line, if the HEC "chicken" lays a golden egg, then the "friendlies" will simply rejoice on their way to the bank, but if the "chicken" doesn't, then they'll simply eat the chicken. Razor

To: Rod Copeland who wrote (3782)	12/7/1998 10:09:00 PM
From: Don Crespino	Respond to of 5504

Listen I have to admit I've been playing the market for a while now and quit honestly I had never encountered such a thing as "F.C" before it was brought up here. I really don't want to know! Hell I'm skidish enough in this out-of-control tech sector market run-up as it is. I have discovered in my web ventures there are some nasty S.O.B.'s out there I swear they spend they're entire dam day spreading doom and gloom. I always hated those guys at the far-end's of the crap table anyhow. Can't believe I have to depend on playing that same game here to make a buck. Regards DJC P.S. Being from Arkansas I asked someone today what was a Floorless convertable? Sounds like a 57 Chevy rag-top that got left out in the rain with the top down for a couple of years to me! Is that right he asked?