Message-ID: <26976145.1075861328276.JavaMail.evans@thyme> Date: Wed, 7 Nov 2001 11:44:43 -0800 (PST) From: eric.bass@enron.com To: lwbthemarine@alltel.net, daphneco64@alltel.net Subject: RE: Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Bass, Eric X-To: 'Larry Bass' , K. Bass X-cc: X-bcc: X-Folder: \EBASS (Non-Privileged)\Bass, Eric\Sent Items X-Origin: Bass-E X-FileName: EBASS (Non-Privileged).pst i agree with your comments about managament. it seems like they are caught like a deer in a headlights. i have bought some more shares today. my view is that the company will not fold. the worst case scenario is a buyout. so, it seems like we should bottom out shortly. right? good news on uncle george -----Original Message----- From: Larry Bass [mailto:lwbthemarine@alltel.net] Sent: Wednesday, November 07, 2001 1:41 PM To: K. Bass Cc: Bass, Eric Subject: Re: Well, I certainly called this one wrong! I was absolutely convinced that the market was drastically overeating to that ENE/partnership deal, that all was above board and that ENE could and would financially manage the matter. However, the stock has lost 50% of its value in less than 4 trading days and 90% of its value in less than a month and yet there is TOTAL silence from management. All you read are the doom and gloom wall street articles. I must now believe they are true. Are these guys just a bunch of crooks? I guess I should just take the lump. As much as I hate to,it may be the wise thing to do and try to salvage $8/share. Any thoughts? On a lighter note, talked with Uncle George and he will be delighted to join us for Thanksgiving. Told him I would let him know when we will eat. That's about all for now. LU-:L ----- Original Message ----- From: K. Bass To: Larry W. Bass Sent: Wednesday, November 07, 2001 11:11 AM Hi Dear, Eric said the mood is somber over there today. I just can't believe my eyes! Why doesn't management DO something? LU-T