Here is another post from Bobz from a TRGC group.
New TRGC Group Newsletter
New Trgc Newsletter
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Just received this letter, in case you haven't yet, here it is,2 pgs.
May 27, 1998
TO: Trinity Gas Corporation (the "Company" or "TRGC") Shareholder
RE: Trinity Gas Corporation Reorganization Plan
FROM:ÿ New Trinity Shareholder Group
Dear TRGC Shareholder,
This letter is in response to those shareholders who replied through the Internet and other invitations to contact us.ÿ We have received many valid questions and requests and will address each of them in this communication.
Early in April, 1998, three TRGC shareholders representing 1,585,000 shares met with a Corporate attorney in the San Francisco, California
area to discuss how the shareholders could take an active role to bring the Company out of bankruptcy, to reorganize the Company, and to get on with the business of developing TRGC's potential as a viable and profitable oil and gas exploration company.ÿ This meeting was motivated by concerns that no one was actively and agressively pursuing any plan or strategy to protect and enhance shareholder
investments.
To the contrary, SEC and Bankruptcy Trustee actions and inactions had clearly placed shareholder investments in serious jeopardy; and, based on SEC court filings and sworn testimony of the Bankruptcy Trustee that "there will be no company for the shareholders,"ÿ their intent has been to continue down the same path to the detriment of the shareholders.ÿ Furthermore, the "Shareholders Committee," appointed by the Trustee, has been ineffective to date in representing and protecting the interests of the same shareholders it is charged to represent.
To clarify and correct certain inaccuracies reported on the Internet, the "New TRGC Shareholders Group" is not a "committee".ÿ It is comprised of individual shareholders who have retained the same legal counsel to represent their interests- paid for exclusively from their own funds.ÿ Furthermore, there is no relationship with the existing committee, and we have no plans to esablish a separate committee.
We have work ongoing to marshal and assimilate documented, verifiable facts needed to support filing a Disclosure Statement/Reorganization Plan ans several emergency motions with Bankruptcy Court.ÿ These actions require the engagement of additional legal counsel in Texas to make the filings and provide on-going legal representation in that Court.
With regard to keeping interested shareholders posted on current events as they unfold, our policy is to make full disclosure of all documents filed with the Court, after those documents enter the public domain.ÿ To the best of our knowledge and resources, we will publish nothing based on heresay, nor will we disseminate information gathered from any source that cannot, or has not, been verified as relevant, authentic, and factual.
In answer to the question, "How can I help?" The greater the number of shareholders who actively support and participate in our efforts, the better our chances of success in saving the company.ÿ This includes participation both in terms of number of shareholders and financially.ÿ In other words, the higher the number of shares and shareholders represented, the more clout our attorneys will have in court.ÿ In addition, sufficient funds are needed to maintain and fully litigate the legal actions.ÿ The existing shareholders group is committed for the long-term, and needs commitments from additional shareholdres in order to sustain the already substantial reorganization effort.
Our sole objective is to get the company operating as a viable stand-alone oil and gas exploration and development company, and ultimately to realize and increase shareholder value.
If you wish to become an active participant, we need a way of contacting you directly.ÿ Please send your name, address, phone number, facsimile number, and the number of shares you hold or represent to:
Stephen B. Lopez
Attorney at Law
3700 Mosswood Drive
Lafayette,ÿ Californiaÿ 94549
Facsimile:ÿ (925) 284-1574
or you may include the information on your next E-mail communication toÿ newtrgcgroup@usa.netÿ
Mr Lopez' office will be coordinating all attorneys, legal actions, and shareholder contracts, to bring about the desired objective.
Those of you who elect to actively participate will significantly increase the effectiveness of our efforts and our ability to realize the true value of TRGC.ÿ In addition, you will be invited to be involved in the decision-making process regarding any future actions we will take to maximize the chances for success.
Regards,
Verl K. Speerÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿÿ J. Bradley Oakes
Presidentÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿÿ Trustee
Western Managers, LTD.ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ Pine Brooks Business Trust
Telephone: 800-363-1630ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿÿ Pager: 800-980-7415
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