AbitibiBowater, Inc. (fka ABWTQ)

[KFC44]

ABWTQ - Ergodoc and others


Attached is an excerpt from today's Meet The Press Show (basically, the final seven minutes).

You should review, and then send to our lawyer for his information -- if you deem it appropriate.

The excerpt covers:

1. Credit Default Swaps -- short blurb, but now formally addressed, on one of the most respected Sunday News Shows out there.

2. Climate Change - Full on Process, Cap & Trade blurb, Electricity discussion on how rates would likely rise -- this creates a benefit in terms of asset valuation for all Generation Assets (Hydro-ABWTQ, biomass-mentioned, geo-thermal, wind, solar, natural gas).

3. Regulatory Issues -- through an EC we can certainly raise all of these issues, and imo, hold up the entire exit of BK for years, until we get what we want (injunction, if necessary -- Nfld Assets -- what incremental value is there under a Cap & Trade System).


I am sure this is what The Executive and Prem Watsa are afraid of. And that's one reason why they want it completed by the end of September.

If Lumber (as a commodity -- is rebounding), I do not think that ABWTQ will have any trouble finding Financing -- in fact it might be too good.

Please also review the Tembec Re-Financing Press Release from Friday -- I will not post -- as it does not relate specifically to ABWTQ, but it is interesting that they talk about discussions with "Certain Parties" -- maybe one of them will be PremWatsa and Fairfax.

During their 2nd quater Conference Call -- they mentioned that their REFINANCING Issue was complicated -- so who knows what will happen there, but their results (in this area) could be beneficial to ABWTQ in terms of their exit from BK Financing.

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Meet The Press Link -- below

http://www.msnbc.msn.com/id/3032608/ns/meet_the_press_online_at_msnbc#37809414