Chapter 634

Wall Street investment banks, led by Bear Stearns, Goldman Sachs, Merrill Lynch, Morgan Stanley and so on, are just like wolf after wolf with saliva staring at Enron, and they will bite at Enron anytime and anywhere.

no

To be exact, wolves are already in action!

Gale capital in the name of Zhuke is also one of the new forces to destroy Enron.

November 12.

Enron shares fell again, leaving less than $11 at the close of the day.

Extremely tragic!

Compared with early 2001, Enron's share price was more than $80, even more than $90 at one time. However, in just ten months, Enron's share price suffered an avalanche. Moreover, standard & Poor's, Moody's Investor Services and Fitch Ratings, as the world's three major credit rating agencies, lowered Enron's credit rating several times in the following time.

A + credit rating?

That was Enron in early 2001.

B is Enron's credit rating at the beginning of November.

But now?

Enron, known as the world's sixth largest energy giant, had only CCC credit rating on November 12.

Undoubtedly, this further pushed Enron into the abyss.

Kenneth Lai, founder and former chairman of Enron, held a press conference after Enron exposed the time of making a major false profit, but the result was useless.

In the following days, he was interviewed by many media.

"Enron has encountered problems, but we are confident that we will get through them," he said

However, no one believed his words any more!

On November 13, Enron's share price continued to fall;

On November 14, Enron's share price fell to $10 for the first time!

Enron's single share price is less than $10, which undoubtedly marks that Enron has fallen into the brink of bankruptcy.

"As we all know, Enron used to be the world's sixth largest energy giant and one of the world's largest energy service providers. It has more than 3000 subsidiaries worldwide and has been repeatedly rated as" blue chip "and" innovative stock "by fortune, new finance and other media," New Finance said in an article

"And since 1997, Enron has been at the forefront of the top 500 American companies."

"The best result is the seventh place in the top 500 of the United States!"

"In the United States alone, Enron monopolizes more than 20% of the natural gas supply and more than 27% of the electric power supply. It is truly a global energy giant."

"But now... It's dying!"

Enron really can't handle it.

Since the beginning of November, especially since the exposure of a major false profit event, Enron (Europe) branch has been closed in just a few days, and as many as 780 subsidiaries have closed down.

In North America, more than 400 Enron subsidiaries have also collapsed.

Thousands of Enron's subsidiaries closed down and their functions stopped, which undoubtedly brought great inconvenience to the lives of residents in many places.

"Damn Enron!"

"Its stock is falling to death, not to mention for a moment, but it suddenly shut down thousands of subsidiaries, causing serious gas and power supply difficulties in many towns in Texas."

"Now the local government has launched an emergency plan, but what's the use of that?"

"After nightfall at 6 p.m., the town where I live is completely in darkness. The busy night market in the past can't be seen at all now."

People make complaints about Tucao.

However, the major investment banks on Wall Street, including Mr. Zucker's gale capital, have all opened champagne to celebrate in the near future.

Make money!

In just a few days, gale capital once again took hundreds of millions of dollars from Enron.

Bear Stearns, Merrill Lynch, Goldman Sachs, Morgan Stanley

Which one is not a pot full of money?

Goldman Sachs: "thank Enron!"

Bear Stearns: "thanks to Kenneth Lai, it would not have been easy for us to make such a large amount of money if this old man had not made mistakes in his busy schedule. Special investigation team, awesome.

Merrill Lynch: "the current share price of Enron is less than $10. I believe we can turn Enron into an immortal stock (less than $1) with just one more effort."

The major investment banks on Wall Street were jubilant.

.......

There is a well said saying, called: "plans can't keep up with changes, surprises often come suddenly!"

November 15.

Around 2 p.m. that day, the special investigation team once again exposed a major news.

"Since 1997, Enron has manipulated as many as 22 illegal insider trading cases involving more than US $1.39 billion!"

The news shocked the outside world.

"Andy, I remember that the highest amount of money involved in the global exposure of" Illegal Insider Trading "is 920 million US dollars at present," Zhuke said in a gaping voice

"Well!"

"There is no doubt that Enron has set another historical record," CEO anty cherop said

MMP！

Enron would rather not have such a record.

What's the honor?

It is clearly engraved on the stigma column!

In just a few hours, Enron's share price fell sharply, almost to the point where it was cut off.

Closing price: just $4.9 per share.

Bang!

Kenneth Lai, founder and former chairman of Enron, rose up in anger at home like a wounded bull.

"Asshole!"

"A bunch of damn bastards!"

"I used to say that I was my best friend, but now I'm in trouble and I beg them, but they're good and they can't avoid it ~"

He really has no choice but to be incompetent and furious.

But does he have any money?

Then he's really rich!

In the recent past, Kenneth Lay ranked No. 209 on the Forbes magazine's list of the "400 richest people in the United States", with a total personal wealth of 580 million US dollars.

But... How did the money come from?

At least more than half of Kenneth Le Pen's wealth is illegal. He combined with Kisling and others, hollowed out Enron and fattened his own pocket.

......

Time flies by~

Enron's dilemma is not alleviated, but more and more serious.

A piece of bad news followed.

As of today, November 30, Enron's share price has plummeted to $0.24, and its market value has dropped from nearly $100 billion at its peak to $200 million.

$0.24 per share?

That's right. It's even worse than the $0.26 single share in the original time and space. After all, Zhuke's windy capital is very strong.

A large number of investors want to cry without tears.

The tears had already dried up.

On December 2, Enron formally applied to the bankruptcy court for bankruptcy protection, becoming the second largest bankruptcy case in American history.

"The first watch" is presented.