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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Thomas A Watson who wrote (738770)	5/3/2006 1:35:31 PM
From: pompsander	Read Replies (1) \| Respond to of 769670

Well, Tombot, I deal with a lot of 10-Qs, 8-K's and 5500's so I need a link. Your little cut and paste job does nothing to rebut the fact that Ken Lay claimed he was buying, buying, buying, but had unloaded 70 MILLION dollars of stock in 2001 and shortly before. Please explain where in the list you showed are the 70 million dollar sales (read: exchanges) used to pay down the Line of Credit, which was drawn upon again the very next day??? Check out the historic pricing here...it appears Ken was exercising options at a strike below market at some points...could he have then been moving some of that stock back to the Company at inflated prices he was holding up by NOT revealing to the public that he was selling stock? The contradiction in his claim that he did not "sell" shares won't fly with the jury. Full link pleae, Tom. It's not that I don't trust you..I just want to see the real picture. ecotao.com Check this quote from the price analysis: The last rally followed CEO Kenneth Lay's advice to employees to buy stock, although he had been selling, recovering $16.1 million from sold shares. A strong company would have recovered, starting from a much lower but viable share price, but Enron had hidden billions of dollars in debts and operating losses through complex accounting schemes. Once these became known, investors disappeared.