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Enron Mail |
The biweekly April 13th report is on its way to you. I would like to draw =
your attention to the status summaries for IHI and Canfibre. IHI and Canfi= bre are second to none in the portfolio as quagmires in which we have had t= o manufacture any bit of leverage to protect Enron's interests. These comp= anies have been extremely uncooperative and more often than not have been w= orking adversely to Enron. We are in the position of playing poker with a= bsolutely nothing whatsoever "in the hole". Normally I try to highlight cr= edit to the appropriate individuals in Special Assets when a transaction ac= tually closes. In both these cases, however, I would like to make you awar= e that John Enerson is doing an excellent job handling the deal complexitie= s and applying persuasion, strong-arm, threats and any and all other method= s to optimize value. There is not a lot of glamor working these turkeys. = Nothing is certain until we have cash in the bank, but I believe we may be = seeing a little light at the end of the tunnel where there had been only ab= yss. John deserves a great deal of credit. Dick.
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