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To: Dennis Roth who wrote (94252)	12/4/2007 6:03:49 PM
From: ChanceIs	Respond to of 206349

>>>Calpine Shareholders May Be Wiped Out by Creditors<<< Thanks for posting that. Once in every investor's lifetime, a Calpine comes into their portfolio. If it doesn't kill you, it will make you stronger. Calpine reminds me of a business book one of my managers gave me a long time ago... Winning Through Intimidation . Its written by a commercial real estate salesman. Amongst many pieces of wisdom is the observation that there are three types of people (entities) in the business world: 1) those who are out to screw you nd say they are, 2) those who re out to screw you but pretend that they are your friend, and 3) those who are truly well intentioned and ethical, but through incompetence totally wrap you around an an axle. The author allows that he is fine doing business with the first type, and usually has profitable relations. The second he easily smells out and can handle. The third is what kills him every time. So it was with me and Calpine. They had a great plan. All of their assets (CCGT plants) increased at least 2X in value since '03. There has been little or no coal or nuke built since with lots and lots of demand growth. They just went to the leverage Kool-Aide fountain too often - and also thought that they could do business with California. Requisecat in pacem.

To: Dennis Roth who wrote (94252)	12/8/2007 11:44:45 AM
From: Dennis Roth	Respond to of 206349

Calpine files to re-list shares on NYSE upon emergence from bankruptcy 12.05.07, 6:17 PM ET forbes.com SAN FRANCISCO (Thomson Financial) - Calpine Corp. late Wednesday said it has filed an application to re-list its common shares on the New York Stock Exchange after its emergence from bankruptcy. The San Jose, Calif.-based electric utility company said its shares will begin trading on the NYSE in January 2008 under the ticker symbol 'CPN,' pending approval of the listing application and the effectiveness of the plan of reorganization. Calpine (other-otc: CPNLQ.PK - news - people ) said it expects to emerge from Chapter 11 before Jan. 31, 2008. The company's stock closed over-the-counter trading down 8 cents at 67 cents. Katherine Hunt