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

To: Zeev Hed who wrote (4010)	1/5/1999 2:51:00 PM
From: SDR-SI	Read Replies (1) \| Respond to of 5504

My gut feel is that some of the release of downward pressure probably is related to the "floorless issue", but that it relates to activities by others than the much-maligned investors; specifically, by those called to the trough by the smell of the much-advertised death spiral - one of conjecture and speculation, the inordinate discussion of which becomes a self-fulfilling prophecy. IMHO that this stock's price will surely go up and go down, but it would not seem from today's events that there is anything to indicate that it is being maneuvered by either the company or the preferred investors themselves. Steve

To: Zeev Hed who wrote (4010)	1/5/1999 5:19:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 5504

Z-Man, Help me out here..... what interest of HEC (or its shareholders) was served by extending the terms of the conversion period? Wouldn't HEC have been better off just keeping it as it was and then cutting a $15 mm check when they went to convert? I know HEC wants to conserve cash but they are not being very prudent if they are banking on the stock price being > $4.90 in a year. Maybe they are just putting off the date that they have to part with the $15 mil. (Guess I just answered my own question)