fw : hanover hey , look at this ! we will now terminate the derivatives as the shares were sold . wes - - - - - original message - - - - - from : loehr , chris sent : wednesday , may 02 , 2001 2 : 27 pm to : colwell , wes cc : cook , mary ; martha _ stuart @ dc . kirkland . com ; kopper , michael ; yaeger , anne subject : hanover wes , i spoke with ljm ' s counsel regarding the hanover derivatives , and we are in agreement with enron ' s view regarding the settlement of the swap and the collar . that is , the put can be exercised for intrinsic , not extrinsic , value in the interim before maturity . sorry it took so long to resolve this matter . chris loehr x 33092