Enron - Natural Gas Industry Message Board

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Gold/Mining/Energy : Enron - Natural Gas Industry

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To: Doughboy who wrote (1351)	1/30/2002 7:26:59 AM
From: jjs_ynot	of 1433

Doughboy, Your assessment is correct. There are a wide range of additional liabilities from the off-balance sheet items (additional hidden liabilities) from the special purpose entities, which have still not been completely disclosed, and trading losses at their trading businesses. The most telling item is the treatment of the debt by the lenders. Many of the big smart lenders of unsecured and some specialty secured debt have written it off their books at a total loss. If there were any mony left, they would not think of taking the hit. With creditors accepting that they are likely to get nothing, what will the shareholders get? Regards, Dave

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