Enron - Natural Gas Industry Message Board

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Gold/Mining/Energy : Enron - Natural Gas Industry

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To: Bob Rudd who wrote (905)	11/29/2001 12:47:12 AM
From: geoffrey Wren	Read Replies (1) of 1433

lawsuits galore, no matter how it goes. About those auditors, they too should be pushed into BK. About the corporate officers, they should be pushed into a prison cell. About Dynergy, they may well have been given good records, and decided to pull out because it got too hot for them. That is not a good reason. So they give the excuse that things weren't disclosed. We'll see, but I would not be buying Dynergy these days. Somewhere a deal could be coming together. Sell 15x the outstanding shares for some price, say $15B. (essentially, you are selling nearly the whole company). All the debts get paid off. You have a debt free entity there, with a good credit rating. The market cap is then, say $25B. Shares would trade for $3. Something like this should be done. But greed, etc., will probably interfere. So it will probably wind down to zero while Nero fiddles. Hopefully there will be a dead cat bounce along the way.

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