PalmettoTiger 1 #1 January 4, 2002 Everyone remember the email that was circulating about how the economy would work with cows under different political systems? They added one for Enron (funny only if you have a clue about the Enron debacle):Enron Venture Capitalism: You think about buying a cow. You tell your accountant that you have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank. Then you execute a debt/equity swap with an associated general offer so you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. Quote Share this post Link to post Share on other sites
freeflir29 0 #2 January 4, 2002 I need my taxes done soon. Any chance their accountants are looking for work....Oh wait....They probably skipped the country by now....."I got some beers....Let's Drink em!!!"Clay Quote Share this post Link to post Share on other sites
MiataDRM 0 #3 January 5, 2002 My annual report read 10 cows! I feel bad for those that had their life investments riding on Enron. What are their shares down to .25 or .50?**I'm a Pschydiver!Majdi Quote Share this post Link to post Share on other sites
Aviatrr 0 #4 January 5, 2002 Quote I feel bad for those that had their life investments riding on Enron. What are their shares down to .25 or .50? It's been hovering between .60 and .75 lately.. I bought it at .25 and dumped it at .76.........made a nice chunk of change on that one.. Mike Quote Share this post Link to post Share on other sites
AggieDave 6 #5 January 5, 2002 Yeah, you made $0.51 cents...you can almost buy a Dr. Pepper now...(I know, I know, I'm being an arse...)Does anyone still have the full e-mail floating around? I'd like to get a copy of it and I'm being too lazy to actually goto google and find it Once you're gone, you can't come backWhen you're out of the blueAnd into the black-NeilYoung Quote Share this post Link to post Share on other sites