|
|
Enron Mail |
-----Original Message-----
From: Rand M. Curtiss [mailto:randmcurtiss@juno.com] Sent: Monday, September 18, 2000 10:00 AM To: barbara.rayner@ey.com; jfrizzell@gibbs-bruns.com; mtimberlake@worldnet.att.net; Scollings@gibbs-bruns.com; thill@mcfallglidden.com Subject: Greg Smith of Cynet called me just now and informed me that the $2.2 million HEOF committed to Cynet was in escrow as of September 9, and not actually invested in cynet itself as the escrow was pending the rescission financing. The actual financing closed in December of 1999. It turned out that HEOF THEN (not before) invested not only the $2.2 million that was in escrow as of the valuation date but an additional $220,000. I think the valuation implications are obvious. I took the liberty of handling this directly with Greg; if you have any other questions, please feel free to call him. This just leaves Creole Shack (Roland Curry) who has never gotten back to me, and we are done with our calls and can proceed to finalize our reports. Rand M. Curtiss, FIBA, MCBA, ASA, ASA Loveman-Curtiss e-Values Your Business Vox 216-831-1795 Fax 216-292-6887 www.curtiss.com www.businessval.com Headquarters of the American Business Appraisers National Network
|