Any thoughts on this question?
----- Forwarded by Richard B Sanders/HOU/ECT on 01/04/2001 10:46 AM -----

	Richard Lydecker@ENRON
	01/04/2001 09:08 AM
		
		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Julia Murray/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Travis 
McCullough/HOU/ECT@ECT
		 Subject: Re: Want to Invest in a Steel Mill in Thailand?

Not only no, but hell no.  Once burned (badly), twice shy (exponentially).  
The best and only development on NSM I would like to see is to get out the 
litigation morass and (hopefully) be a little wiser next time.

Seriously, if the project does get reorganized (sans Enron additional 
investment), what does that mean in terms of any potential recovery for the 
existing debt?  Presumably any reorganization would come out of a bankruptcy 
plan.  Any hope?


From: Richard B Sanders@ECT on 01/03/2001 06:11 PM
To: Julia Murray/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Richard 
Lydecker/Corp/Enron@Enron, Travis McCullough/HOU/ECT@ECT
cc:  

Subject: Want to Invest in a Steel Mill in Thailand?

I have attached an e-mail from Steve Howard, our atty in the NSM litigation. 
Schultes is the original CEO of NSM.  Let me know if you are interested.
----- Forwarded by Richard B Sanders/HOU/ECT on 01/03/2001 05:57 PM -----

	showard@agsk.com
	01/02/2001 04:30 PM
		 
		 To: richard.b.sanders@enron.com
		 cc: 
		 Subject: Want to Invest in a Steel Mill in Thailand?


Schultes' lawyer has asked us if John can call an Enron business person
concerning a possible investment by Enron in some reorganized form of the
project that Schultes is pushing.  Think anyone at Enron is interested?  If
so, who?

We told the lawyer that John should not call unless we clear it with you
first.

Steve
                                                                              
                                                                              
                                                                              
                                                                              
                                                                              
                                                                 
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