Hollywood Starts with Animation

Wall Street investment banks, led by Bear Stearns, Goldman Sachs, Merrill Lynch, Morgan Stanley, etc., are now like slobbering wolves, staring at Enron and taking a bite anytime, anywhere.

Do not!

To be precise, the wolves are already in action!

Gale Capital under the name of Zhu Ke was also one of the new forces that destroyed Enron.

November 12.

Enron's stock price fell again, and the market closed the day with less than $11 remaining.

Terrible!

Compared with its early 2001, Enron's stock price was as high as more than 80 US dollars, and even exceeded 90 US dollars at one point, but in just ten months, the stock price suffered an avalanche decline. Not only that, Standard \u0026 Poor's, Moody's Investors Service, and Fitch Ratings, the world's three largest credit rating agencies, lowered Enron's credit rating several times in the following years.

A+ credit rating?

That was Enron in early 2001.

A grade of B is the credit rating at the time of Enron's purchase in early November.

But now what?

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

Undoubtedly, this further pushed Enron into the abyss.

Enron founder and former chairman Kenneth Lay held a press conference after Enron exposed the major false earnings report, but the results were of no use.

In the following days, he has been interviewed by a number of media one after another.

"Enron is having problems, but we have the confidence to get through it," he said.

However, no one believes his words anymore!

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

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

Enron's single share price is only less than 10 US dollars, which undoubtedly indicates that Enron has fallen into the brink of bankruptcy.

"New Caijing" issued an article: "As we all know, Enron was once the sixth largest energy giant in the world.

It is also one of the largest energy service providers in the world. It has more than 3,000 subsidiaries around the world, and has been rated as a "blue chip" and "innovative stock" by media such as "Fortune" and "New Finance" for many times. "

"And, since 1997, Enron has been at the top of the Fortune 500 list."

"The best result is to be ranked No. 7 among the top 500 companies in the United States!"

"In the United States alone, Enron monopolizes more than 20% of the natural gas supply and more than 27% of the electricity supply. It is an uncompromising global energy giant."

"However, now...it's dying!"

An Ran really couldn't take it anymore.

Since the beginning of November, especially since the incident of major false profit reporting, Enron (Europe) branch announced the closure in just a few days, and as many as 780 subsidiaries have closed their doors.

In North America, more than 400 Enron subsidiaries also closed down.

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

"Damn Enron Corporation!"

"Its stock is on the verge of falling to death, but it has suddenly shut down as many as 1,000 of its subsidiaries, causing severe gas and electricity supply difficulties in many of our Texas towns."

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

"After night fell at 6 p.m., my town was completely plunged into darkness, and the lively night market in the past could not be seen at all."

The people are complaining.

However, Wall Street's major investment banks, including Zucker's Gale Capital, have been popping 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 making a lot of money?

Goldman Sachs: "Thanks Enron!"

From Bear Stearns: "Thanks to Kenneth Lay, if this old boy hadn't made a mistake in his busy schedule, it would not have been easy for us to make such a large amount of money. The special investigation team, please do your best."

Merrill Lynch: "Enron's current share price is less than $10. Believe us, with a little more effort, it can definitely be turned into a penny stock (less than $1 per share)."

Wall Street's major investment banks rejoiced.

......

There is a good saying, called: "Plans can't keep up with changes, and surprises often come suddenly!"

November 15.

At about 2 pm that day, the special investigation team once again exposed a major news.

"Since 1997, there have been as many as 22 illegal insider trading operations by Enron, involving more than $1.39 billion!"

As soon as the news came out, the outside world was shocked.

Zhu Ke said dumbfounded: "Anti, I remember that the current global exposure of 'illegal insider trading' involved a maximum amount of 920 million US dollars."

"Um!"

CEO Andy Chelop nodded heavily: "There is no doubt that Enron has created another historical record."

MMP!

Enron would rather not have such a historical record.

Where is this honor?

It was clearly engraved on the pillar of shame!

From the day when the news was exposed at around 2:00 p.m. to the close of the stock market in the evening, in just a few hours, Enron's stock price fell extremely severely, almost halving.

Closing price: just $4.9 per share.

boom!

Enron founder and former chairman Kenneth Lay, he was at home in a state of rage, like a wounded bull.

"asshole!"

"A bunch of goddamn bastards!"

"I used to keep saying that I was my best friend, but now when I encounter difficulties, I ask them, but they are so good, all of them can't be avoided~"

He is really helpless, he can only be incompetent and furious.

However, what about his own money?

Then he is still very rich!

Not long ago, Kenneth Lay ranked 209th on the "Forbes" magazine's "400 Richest Americans" list, with a total personal wealth of $580 million.

But... how did the money come about?

At least more than half of Kenneth Lay's huge personal wealth is illegal income. He teamed up with Keasling and others to empty Enron and fatten his own pockets.

......

Time goes by so fast~

Enron's predicament has not eased, but has become more serious.

One bad news came one after another.

As of today, that is, on November 30, Enron's stock price has fallen to 0.24 US dollars, and the market value has dropped from nearly 100 billion US dollars at the peak to 200 million US dollars.

$0.24/single share?

That's right, it's even worse than the $0.26/single share in the original time and space. After all, Zhu Ke's Gale Capital is very powerful.

A large number of investors want to cry without tears.

Tears have dried up.

On December 2, Enron officially filed for bankruptcy protection in the Bankruptcy Court, becoming the second largest bankruptcy case in American history.

" "The first more is sent.