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Enron
Acquired
How Does Enron Financing 97% of Their Co Development Deals?
How does Enron have the capital? Because they're not generating a lot of cash flow. They are getting cash from somewhere where they get it from investors, the American public. As their stock starts to run, they do more and more issuances of new stock at these new stratospheric prices. It's actually not that it's used that cash to finance these crappy development deals they're doing all over the world. On the back end, there's actually no cash because Enron is the buyer and seller.
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