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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Rustee who wrote (43381)	4/27/1999 11:29:00 PM
From: PartyTime	Respond to of 95453

Richard, you should contact the company immediately. When TRGC founder and CEO Sid Sers fled to Colombia and didn't return, his assets were seized by both the courts and the SEC. Once the company was brought out of bankruptcy by the shareholders committee and the new company--Trinity Energy Resources, Inc. (soon to be TERI)--was formed, an effort is presently in force to repair the damage existing shareholders encountered from the criminal actions on the part of the CEO which ultimately caused TRGC's bankruptcy. This effort is called a Shareholders Rights Option. What it means is that you now have an option to purchase, having been a shareholder of 10,000 shares at a time certain, 10,000 additional shares for twenty-five cents. If you bought in at say three dollars, this gives you an option to average down your losses. What's neat about this is even if the stock price increases, you still have the right, an option, to purchase those shares at .25 apiece. There were varying kinds of shareholders of Trinity investors. You should contact the company and/or your broker--visit the website--to assure they have a record of your holdings and get a more quantifiable explanation from them as to what your rights are. Here's the latest contact from the new TERI management: trinityenergy.com I hope this has been helpful for you. What's neat is what you perhaps once thought was wallpaper could some day, down the road, become lucrative. Good luck to you, Richard.