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Gold/Mining/Energy : Fenway Resources Ltd. (FWY@V)
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To: Adrian Elbers who wrote ()1/28/1998 7:46:00 AM
From: FREHNER JACQUES   of 135
 
To: All Shareholders
Re: Tender Offer by Trump Oil Corp.

Just finished reading the document. This tender has serious potential problems for existing shareholders of Fenway and I would advise all of you to get the advice of your legal and other professional advisers.

There is potential tax issues for both US and Canadian shareholders as the exchange will mean that you have disposed of the shares at possibly the market price of Trump for Fenway and still you have only received Non-free tradable shares of Trump for a minimum of one year.
The present shareholders are being diluted by 10 million new shares which originally been issued for $345,000 in satisfaction of indebtedness and there is no other value of Trump except for an over the counter listing. Who owns the 10 million shares?
Your directors are supporting this type of dilution and restriction in trading instead of getting the shares of Fenway relisted. What is the problem? Fenway is a public company and was listed on the VSE.
How are they expecting to get the US shareholders legally to tender? They can not all be exempt persons?
Who controls Fenway? No person in the whole group owns any shares and management has little compensation so are they saints or what?
The whole tender is very fishy, and oppressive. If they are doing their job they should be just dealing with getting the shares relisted.

Please Read The Documents As It Is Clear The Tender Is Not Fair.
All We Need Them To Do Is Relist The Shares Or Get A Real Offer From A Real Company.
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