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Enron Corp Disclosure Statement in CD format !!

Discussion in 'Other Off Topic Forum' started by ralfabco, Mar 4, 2004.

  1. ralfabco

    ralfabco Two Time F1 World Champ
    Lifetime Rossa

    Mar 1, 2002
    22,044
    banana republic of america
    Full Name:
    Israel Beiteinu
    I just obtained in the mail from the United States Bankruptcy Court Southern
    District of New York, a disclosure statement for Fifth Amended Joint Plan of
    Affiliated Debtors pursuant to Chapter 11 of the United States Bankruptcy
    Code. In re: Enron Corp., et al. Case No. 01-16034(AJG) Jointly Administered


    This CD cost me nearly $11,000.


    I am willing to give a lucky F chatter a reasonable discount before I sell this item on e-bay. This can also be used for the man who has everything. You know who you are. The one who has all the toys.

    I am also willing to spend the weekend in lieu of the money I am owed; in one of the former chairmans 19 small vacation homes. I think my request is quite reasonable. Remember Bankruptcy used to be a dirty word years ago !

    I am going to frame this very expensive CD; if my reserve is not met on
    E-Bay.

    I am also willing to discuss with any F chat lawyer, who is willing to get my
    money or "expired" Flu vaccine for a nominal fee. Can you get blood from
    a turnip ?

    Price of my U.S. Government issued CD is available on application.
     
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  3. Horsefly

    Horsefly F1 Veteran

    May 14, 2002
    6,929
    Way to go Ralfabco! Sorry to see that you know first hand about the swindling, thieving, nature of the rich "fat cats" that some folks on this board love to praise. Notice that NOBODY except me responded to your posting. SOME on this board have a hard time admitting the truth. And the truth is: There are alot of lying, cheating, stealing, swindling, rich fat cats who delight in feathering their already rich nest with the hard work of average guys.

    NINETEEN VACATION HOMES? Can you believe that.
     
  4. rob

    rob F1 Rookie

    May 22, 2002
    3,637
    Vt
    Geez your lucky I lost all of my investment in Winstar Communications and I didn't even get a C.D. Actually I didn't get anything. Bastards.
     
  5. ralfabco

    ralfabco Two Time F1 World Champ
    Lifetime Rossa

    Mar 1, 2002
    22,044
    banana republic of america
    Full Name:
    Israel Beiteinu
    I understand that people do not do well at times and have to close their
    business. What is unfair is when people are purposely putting a plan
    together to run the business into the ground. This is nothing more than
    a criminal with a brain. It is the same type of person who pulls out a
    cheap .22 cal pistol at a 7 Eleven and demands the $40 in the drawer or
    he will shoot. The (difference) is these clean criminal types are educated and have a plan.
    The person in the 7 Eleven is incapable of putting a plan together.


    Again bankruptcy is no longer a dirty word. My wifes side of the family
    is in the wholesale jewlery business. Some of these people do not take prisoners.

    ~

    Person shows up to town.

    Opens up small self-employed independent wholesale jewlery business.
    (no employees)

    Purchases small amounts of inexpensive jewlery and larger wholesale dealers are impressed with the persons ability to pay cash up front for purchases.

    After a short amount of time the small time buyer begins to obtain a
    little credit.

    With the small amount of credit the buyer pays his bills 1-2-3. Wow !!
    this small wholesaler is a great payer.

    By selling the wholesale items for a "very" low profit it will enable the
    person to turn his merchandise very fast.

    By turning and PAYING for the merchandise very fast; it will enable the
    buyer to be offered more credit with the larger wholesaler.

    The larger wholesaler obviously also wants to turn his inventory.

    (In the wholesale jewlery business a large portion of the inventory is
    on consignment from SOMEONE else). This is due to the huge amount
    of sizes (weight), cuts, color, and clarity offered to the customer).
    How are you going to stock "all of the above." ??????

    A stone may have been borrowed on consignment from three - four
    people. It came from Europe, Israel, or India. It goes to N.Y.C.
    Now it comes to the wholesaler in Houston. From there it goes to
    the small independent wholesaler. So three four people may have
    their fingers on the stone. Now when the customer (end user) buys
    the stone everyone needs to be paid. So the money goes backwards.
    (again this is generally how the wholesale side works) I have no idea
    how the big chains or huge dealers work) ?

    The only problem on the horizon is this small time wholesaler who showed
    up to town and is buying and PAYING for his merchandise 1-2-3 with very little profit has also at the "SAME TIME" built up the same credit with other willing large dealers. He pays his bills very fast. Why not increase his
    credit ?

    Maybe by now after four-five years he has built up his credit with the
    large wholesaler to around $50,000. After all remember He pays his
    bills FAST.

    Trouble is the small time independent wholesaler has now realized that
    he has built up quite a bit of inventory through "consignment" with "several"
    large wholesalers who have seen his ability over the years to pay his bills.
    Lets see ? 50K on consignment or more with how many people ? That small wholesaler who has seen his five year plan work, has just dropped by the mall to purchase some Nike shoes.

    It has happened quite a few times here and elsewhere.

    -


    And yes some of those people in Downtown Houston got together and put
    a plan together to run Enron into the ground. I am sure it was washed down with a few bottles of nice $400.00 bottles of wine.
     

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