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To: zonkie who wrote (636)	4/9/1999 2:44:00 AM
From: Jeffrey S. Mitchell	Respond to of 4128

Looks like Sklar was involved with Moradov at Riosun. As explained in a previous post, this is obviously very troubling. Here's proof (from Internic): Registrant: Riosun Resources Corporation (RIOSUN-DOM) 410, 734 7th Avenue SW Calgary , AB, T2P 3P8 Ca Domain Name: RIOSUN.COM Administrative Contact: Sklar, Tony (TS2761) tsklar@CADVISION.COM 403-777-1800 (FAX) 403-777-1815 Technical Contact, Zone Contact: Campbell, Judy (JC907) hughc@CADVISION.COM (403 ) 777 - 1300 (FAX) (403)777-1319 Billing Contact: Sklar, Tony (TS2761) tsklar@CADVISION.COM 403-777-1800 (FAX) 403-777-1815 Record last updated on 07-Mar-97. Record created on 17-Jan-97.

To: zonkie who wrote (636)	4/9/1999 3:05:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 4128

It gets worse... turns out Riosun wasn't the first time Sklar got himself in trouble... It appears that in '97 Sklar was involved in Trump Oil (TPOC), and made an attempt to take over a company called Fenway (see #reply-2877359). The BCSC smelled a rat and killed the deal: Special Report Cement plant sponsor faces new probe in Canada By REDEMPTO D. ANDA Editor THE company behind the Palawan cement project continues to be hounded by fund raising controversies in Canada where it is based. After being kicked out of the stock market for questionabe dealings in May 1997, Fenway Resources is now facing yet another investigation for attempting a deal with another dubious company that would defraud unwitting investors of their money. The British Columbia Securities Commission (BCSC) last month ordered Fenway Resources to stop its takeover deal by Trump Oil Corporation, a company with no project and a declared asset of just about US$4,000. The takeover would have allowed Fenway to resume its trading in the stock market after more than a year of suspension. The BCSC, however, put the brakes on the deal after noting that legitimate shareholders of Fenway would be disadvantaged. Among the concerns being raised was the true value of Fenway shares after the deal is made, since Trump apparently issued some 10 million new shares to its debtors without capital support thus diluting outstanding Fenway shares. Fenway's rise and fall has followed closely the changing fortunes of its controversial cement project here in Palawan. Its stock value posted a record high in early 1997 when investors took the company's word that the project was assured of securing an environmental clearance. The company never lived up to its claim. Despite the backing of ranking provincial politicians, investors either dumped their shares to cut losses or shorted to anticipate profit from a predicted collapse. Last May 21, 1997 the Vancouver Stock Exchange delisted the shares from the VSE bourse. The Trump Deal It appears from documents obtained by Palawan Sun that Trump Oil and Fenway were conspiring to get the project back into the trading floor. It is the company's only hope of raising money and enticing a more stable financial partner to fund the $400+ million cement project. The deal would have breezed through the BCSC except that Canadian securities regulators noticed the fine print in the agreement and flagged it down. They were going around the rules, one of which was full disclosure. Unknown to the investing public is the fact that after Trump takes over Fenway, the directors of Trump will step down in favor of Fenway's officers. The effect is similar to having the same dog with a different collar, and Fenway will be able to erase the stigma of its delisting and resume its fund raising activities - as Trump shares. Also, there was a queer provision in the deal that holders of Fenway shares will not be able to trade their stocks for at least a year while those holding Trump shares could. What initially alerted the BCSC was the involvement in the Trump-Fenway reverse takeover deal by individuals who had been penalized for illegal deals in the past. Trump, for instance, was introduced to Fenway by a certain Ranbir Singh Dhaliwal who had been disciplined by VSE for various indiscretions. Moreover, it appeared that Trump and Fenway share common characteristics -- lack of assets, no recorded business success or any ongoing business venture or any off-market transactions. Trump is also being scrutinized why despite its financial position and absence of any business project its share price at NASDAQ where it is traded over the counter had skyrocketed from $1.75 per share in August 31, 1997 to $3 3/16 per share for the week ended January 9, 1998. Its only asset, declared as of August 31, 1997, consisted of deferred amortization expenses of $4,500. Fenway's debacle further dimmed hopes of the company to redeem investor confidence and to attract a financial partner for its project. <snip> palawan.net - Jeff