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Enron Mail |
=20 ----- Original Message ----- =20 From: Clifford S. Ang =20 To: Eric Saibi =20 Sent: Monday, January 28, 2002 4:00 AM Subject: RE: Hi! That stuff on e-bay was cool. At least you made use of some of your Enron= stuff. It's great to hear that you're working for UBS Warburg. Which gr= oup are you with now? =20 =20 I think my dad is planning a trip to the Chicago Food Show sometime in May= . I'm not sure on how that will go, but I may join him then. I also need= to drop by Saint Louis to renew my driver's license. Besides, I haven't = been back since graduation. Adnan told me that you just bought a place. = It would be great to visit you and Texas for the first time. I may stay l= onger with you guys (I also have a friend living in Austin) before I final= ly come back home. =20 =20 My parents and I are going to China in March, and I was surprised that the= y're asking my girlfriend to go along with us. The Wash U International A= dvisory Council Meeting will be held in China in March and I will just cat= ch them for their last leg. =20 =20 Business in the Philippines is really bad, and it's not going anywhere in = the near future. I had this deal with Adnan last December to January. He= wanted me to sell used hard disks to prospective buyers in the Philippine= s. I found one group and it took a long time to get the goods here and ou= t of customs. Finally, during the first week of January, the goods were r= eleased and shit turned worse. The buyer claimed that we shipped him 95% = defective items. Out of the 400+ hard drives, around 200 had bad sectors = (which were deemed to be good drives by most people), 21 were good, and th= e balance were either not detected or had this knocking sound. Anyway, I = think Adnan was willing to give him some sort of refund on the balance, bu= t the guy kept on insisting for Adnan not to negotiate the letter of credi= t. The whole thing was so fucked up, and the guy was implying that he was= going to sue me for intentionally scamming him off US$6,800. I couldn't = believe that he would think that I would destroy my credibility for such a= small amount of money. Anyway, the problem seems to be hanging out there= , but the buyer had some fishy stuff going. He called me to go to his pla= ce and, when I arrived, they have finished testing all the drives. I mean= , they should have waited for me to get there before testing at least half= of the drives for their own protection. Now, we could not tell whether t= he drives that were displayed (and they were displayed in an extremely org= anized manner) were actually ours or not. Second, his unwillingness to ta= ke a refund instead of stopping the LC negotiation is somewhat irregular. = We were thinking that maybe he doesn't have enough funds in the bank or s= omething to cover his line. Third, he wanted to send back all goods and c= harge it to us. That way, if he indeed changed our good drives with defec= tive ones, he would have gotten 400 good drives and gotten rid of his bad = ones free of charge. Adnan shipped 200 drives from the same lot to his da= d in Pakistan, and they came out around 12% defective. Even at that level= , 50% seems to be too far away. So, there, since we haven't negotiated th= e letter of credit yet (it should be done within this week), I haven't hea= rd from the buyer. I would not be surprised if I receive some subpoena or= something from the bastard after we negotiate the LC. Anyway, I asked my= lawyer, and he said that there is really not much of a case on his side. = Besides, all documents were made by Adnan and him. He cannot sue Adnan, = so his only choice is to sue me ... if that's what he wants. Well, let's = see how it goes. =20 I got a bunch of financial consultancy work on the side. I arrange financ= ing for some people with our bank contacts. It's very tedious and time co= nsuming to complete a deal. Sometimes, the odds of getting a good deal ar= e very slim that I can't really depend on these things for regular income.= I can't spend that much anymore. I'm saving up for my future. I may ac= tually get married in a year or two. I don't know yet, but this relations= hip is getting pretty serious and I think that she's the one. She's study= ing medicine and will be graduating this April. She'll have another year = of internship before taking the boards next year. She wants to go to the = US for her residency, but we'll see how things go. Any good medical schoo= ls/hospitals there in Houston? =20 =20 Well, I gotta go now. Just write when you have time. =20 Cliff
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