Message-ID: <22168564.1075858478288.JavaMail.evans@thyme> Date: Tue, 22 May 2001 16:00:05 -0700 (PDT) From: kaminski@enron.com To: ron.baker@enron.com Subject: Pricing of restriction on Enron stock Cc: rakesh.bharati@enron.com, j.kaminski@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: rakesh.bharati@enron.com, j.kaminski@enron.com X-From: Kaminski, Vince J X-To: Baker, Ron X-cc: Bharati, Rakesh , Kaminski, Vince J X-bcc: X-Folder: \Vince_Kaminski_Jun2001_10\Sent Items X-Origin: Kaminski-V X-FileName: vkamins.pst Ron, Rakesh mentioned that there is an additional conditionality that will result in an adjustment of our valuation of the restrictions imposed on the forwards going into the Raptor vehicles. We were not aware of this conditionality at the time the project. We can, however, easily, incorporate it in our valuation model. This omission makes our valuation more conservative form the Enron's point of view. Please, let us know if this is required. Vince